While the 550,000 policyholders of the newly restructured CMFG Life Insurance Co. may not see any substantial changes, the firm’s parent company is looking forward to how the move will help it diversify and expand beyond the credit union industry.
CUNA Mutual Insurance Society, CUMIS Insurance Society and MEMBERS Life Insurance Co., have filed suit against RBS Securities Inc. claiming that the firm made false representations of its offering documents at the time that more than a dozen residential mortgage-backed securities were purchased by the three plaintiffs.
Company accuses RBS Securities of "inducing" it to buy certificates through false representations.
Largest of credit unions says new account openings jumped 39% in October, 23% for the year.
The 204,000 members of the $3.2 billion Ent Federal Credit Union in Colorado Springs, Colo., can now deposit checks using the cameras on their iPhones and Droids.
Colorado CU also adds Android app to existing iPhone branch locator service.
WASHINGTON — If nothing else, card-issuing credit unions should feel assured that an awful lot of intelligent people go to work every single day with no higher priority than helping to keep their card data secure.
Sony Corp. has reported that 70 million consumers around the world have had personal data compromised in the latest major data security breach, according to media reports.
The Crash Network has chosen 16 young credit union professionals to attend CUNA's 2011 GAC and complete a service project designed to improve their credit unions or the industry.
In the days following the announcement that Dell was buying SecureWorks, the Atlanta-based provider of Internet security services to more than 600 credit unions has had to put out some fires.