The $183 million Aspire Federal Credit Union in Clark, N.J., hired Joseph Riccardo as its first chief information officer. Riccardo's hiring follows the credit union's decision to convert to the Corelation KeyStone core processing platform next year, Aspire said. Riccardo has more than 30 years of financial and technology experience,...
John McCloy promoted from within in Colorado, and other industry career news.
Two credit unions develop legal marijuana business accounts, but with significant restrictions.
Read this week's career announcements from the credit union industry.
Read how CU Times' latest Women to Watch honoree makes sweet music in the credit union industry.
Credit union groups paranoid DOJ could change its mind and reverse guidance that allows accounts for state-legal marijuana businesses.
Despite guidance from FInCEN and the DOJ, legal hurdles remain for state-legal marijuana business accounts.
Washington-based Northwest Association offers local smoked salmon; Colorado-based Mountain West Association bets buffalo steaks.
Despite a new state law in Colorado legalizing recreational use, credit unions still worry marijuana business accounts will run afoul of federal regulations.
While financial institutions wait for guidance from the DOJ, credit union leagues in Colorado and Washington caution against opening accounts for state-legal weed businesses.