LAS VEGAS—CU Wallet, the credit union-owned digital wallet solution, announced at the Money2020 conference it has contracted with Massachusetts-based mobile wallet developer Paydiant.
Fifteen credit unions are betting the time is right for a credit union centric digital wallet. That’s why they threw their weight behind startup CU Wallet, the brainchild of Paul Fiore, founder of Digital Insight, and Kirk Drake, CEO of the Hagerstown, Md.-based CUSO Ongoing Operations.
The $2.5 billion Northwest Federal Credit Union in Herndon, Va., is among the latest to receive approval to become an SBA lender.
Two of three new board members are incumbents. Incoming chair is Teresa Freeborn of Xceed Financial.
Grayson Albers is the youngest business owner ever to open a business account at Northwest Federal Credit Union in suburban Virginia.
Suburban D.C. credit union joins others offering help if sequester occurs.
Hayes succeeds Chris McDonald, now at Northwest FCU, after arriving in 2010 from WesCorp.
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.
McDonald has been president/CEO of the $897 million, 98,700-member Andrews FCU in Suitland, Md., for the past four years.
Money laundering and the steps financial institutions have to take to monitor it and prevent it are back in the news thanks to well-publicized missteps by banking giant HSBC.