News

New York City Mayor Michael Bloomberg was one of the dignitaries who helped open the new ERDA Federal Credit Union in the Queens section of New York.

LAS VEGAS -- Among the most pressing challenges some CUSO executives are dealing with are funding access and a lack of buy-in from credit union management and staff.

Any change to the rules regarding interchange fees would "provide an advantage to large financial institutions at the expense of credit unions and other small financial services providers."

Damon Patrick Toey, 28, the last currently captured hacker who took part in the majority of major card security breaches over the last 10 years, has been sentenced to five years in prison.

Citing health concerns that prevented him from traveling, PSCU Financial Services CEO David Serlo addressed the PCSU Financial Services Member Forum attendees, this year in Maui, Hawaii.

The management of Cal State 9 Credit Union made "poor strategic decisions" and lacked the experience to understand the risks of subprime lending and its HELOC program, while NCUA examiners failed to recognize the risks and take corrective action.