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Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.
One-third were targeted in the past year alone, with older adults most frequently exposed, but many are taking protective steps to protect their finances.
Suspects committed serial robberies in California, Utah, Missouri and Michigan, federal investigators say.
In one case, a small Louisiana Credit Union that serves factory workers sees losses of more than $200,000.
She succeeds Michael Kaczenski, who will continue to serve as an executive advisor.
Judges say automated alerts alone don’t prove liability; the ruling bolsters operational protocols across the financial sector.
Strong leadership and operational improvements are credited for reviving the Texas-based credit union after 26 months under federal oversight.
With inflation and housing costs on the rise, the credit union adjusts staffing while reaffirming its commitment to members and affected employees.
Addition Financial CEO Kevin Miller will lead the combined organization and Envision CEO Darryl Worrell would remain on board as a strategic advisor.
The personal information of more than 93,000 persons may have been compromised.
The Tampa-based financial cooperative agrees to open a $505,000 settlement fund to pay claims.