Credit Union Times | Accurate and Timely CU News

"Smishing" Attacks Seen Focused on Credit Unions

By Marc Rapport

Credit unions were a favorite target of a specialized kind of text-to-phone phishing attacks (often called "smishing"), accounting for fully 83% of the individual brands targeted, according to online security specialist Internet Identity (IID).

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NCUA Seizes Arrowhead CU but Execs on Paid Leave

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Chatfield Returns to Run California/Nevada League

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June 24, 2010

NY Group Formed to Aid Faith-Based CUs 'Running Scared'

A group of managers of faith based credit unions headquartered in New York City is forming an ad-hoc group meant to help them resist some of the pressures facing them, including compliance pressures and balance sheet worries

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June 24, 2010

CEO Doesn't Mind Members United Gains Going to NCUSIF

Art Lehman, CEO of Kokomo Heritage FCU, waxed philosophic about news that Members United FCU's toxic assets performed better than expected but that his CU will not benefit directly.

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June 24, 2010

PSCU CEO David Serlo Passes

David Serlo, longtime CEO of PSCU Financial Services and that organization's first employee, has died of cancer, sources close to the CUSO have told Credit Union Times.

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June 24, 2010

Members United's Legacy Assets Could Generate $60 Million Profit

The struggling $9 billion Members United Corporate FCU today reported some good news in its May financial reports: long-term OTTI projections have improved by $35 million to $60 million, depending upon loss projection model.

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June 24, 2010

New Fannie Mae Policy May Make CUs Mortgage Police

Mortgage servicers, including credit unions, have a new stick to wield with loan borrowers who might contemplate walking away from a mortgage commitment, according to new policy from Fannie Mae.

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June 24, 2010

CFA Praises Passage of Financial Reform Legislation, CU's Still Oppose

Even as CUNA and NAFCU have indicated they will opposed the current finance reform package, the Consumer Federation of America has hailed Congress for having brought the bill this far.

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June 23, 2010