Only about 10% of people say they would consult a credit union about investing a $25,000 windfall.
From loss of business to long-term impact on communities, executives testify on CFPB’s qualified mortgage rule.
Round-up of latest credit union new hires and promotions.
In January, 16 individuals were indicted in a $10 million federal income tax fraud scheme that was initially uncovered by the $262 million Widget Financial Federal Credit Union in Erie, Pa. last spring, according to federal prosecutors.
Widget Financial FCU uncovers $10M scheme by individuals who tried to open 3,493 accounts at 443 banks and credit unions.
Both regions are ahead of the rest of the country in new credit union hires and promotions.
The $1.6 billion TruMark Financial will assume the credit union's members, shares and a majority of loans.
Tom Ridge, the first U.S. Department of Homeland Security Secretary, will deliver a keynote address at CUNA's Governmental Affairs Conference in March.
The NCUA approves 19 mergers in December. At this rate, only 5,400 credit unions will remain in 2018.
Jeffrey Serafin admits to role involving former Wilkes-Barre City Employees FCU manager, police officers and a contractor.