Northwest Federal Credit Union announced the selection of Chris McDonald as the successor CEO to Gerrianne D. Burks, who will retire in mid January after a 41-year career at the Herdon, Va., credit union.
As credit unions learn more about new technology, they are some of the institutions leading the nation in the issuance of payment cards that use embedded computer chips to validate identity and secure transactions.
Symitar said it will be converting the $886 million Andrews Federal Credit Union in Suitland, Md., to its core processing platform.
Firm says Washington DC area credit union leads nation with lowest rates.
The $886 million Andrews Federal Credit Union in Suitland, Md., converting to Symitar Episys core processing platform and running it in-house.
Marine Col. (Ret.) Clifford Reese, 18-year board member, dies.
Andrews FCU will seek to keep service members’ spirits high during the holidays through “Operation Best Wishes” video greeting cards.
Never has has so much emphasis been put on risk concentrations. There is no need to wonder why.
Never in the history of the credit union industry has so much emphasis been put on risk concentrations. There is no need to wonder why. High concentrations of certain risks are a major cause of credit union failures.
Despite the documented ability of smart chips to cut fraud losses, experts say some credit unions and CUSOs have not moved very quickly to start issuing credit and debit cards enabled with the higher tech chips.