News

The inability of the card industry's data security standards, on their own, to protect cardholder data has drawn fire from federal legislators impatient with the number and frequency of high profile card data security breaches.

The $7 billion The Golden 1 Credit Union has purchased a $500 million private placement, short-term revenue anticipation note issued by the State of California.

Corporate Synergies LLC said it has just completed a successful core processing conversion, adding Virginia Corporate Federal Credit Union to its system and member interface.

WASHINGTON -- CUNA President Dan Mica told lawmakers last week that placing credit unions under the same regulator as banks would be like "having a chicken being put into the fox lair."

Sometimes even the best circumstances bring challenges.

Robert Manning, keynote speaker at the NCUA's recent Risk Mitigation Summit, said he's been working with the agency to create an opinion letter on his responsible debt relief algorithm so credit unions can implement it.