Following a hefty FinCEN fine against a credit union, the NCUA issues a supervisory warning about money services businesses.
Luis Peralta has joined Kinecta Alternative Financial Solutions, doing business as Nix Financial, as its new chief operating officer.
In this Opinion piece, a First Data executive looks at how un- and underbanked consumers "can provide a unique opportunity for credit unions to grow their member base."
Four years ago, our nation was thrown into the deepest economic morass since the Great Depression. No question, the situation was dire. People lost their jobs and their homes. Banks and companies closed. Government officials scrambled to help bolster our fragile economy.
Metro Credit Union has partnered with five organizations in its home community of Chelsea to bring financial and employment services to lower-income residents.
With an eye on Walmart's expansion into financial services, the Credit Union League of Connecticut alerted its members Friday to the start of check-cashing services in all 33 of the retailer's Connecticut stores.