News

FRAMINGHAM, Mass. - Local think firm Financial Insights' latest survey finds that identity theft incidents have been taking a toll on financial institutions and their member relationships. According to the survey, some 60% of consumers are concerned about identity theft and such concerns have prompted close to 6% of those...

GRAPEVINE, Texas - Checking accounts, credit cards, vehicle loans and real estate/rental property funding - in that order - are the services business owners want most from their financial institution. But a credit union's understanding of a business customer's company and attention to his or her needs is the magnet...

TAMPA, Fla. -MacDill Federal Credit Union (MFCU) has named Larry Harvill assistant vice president of loss prevention. Harvill, who has over 20 years of experience in default and collection management in the financial services industry will oversee MFCU's Collection and Loss Prevention departments. Harvill comes to MFCU from Suncoast Schools...

WEST PALM BEACH, Fla. - Credit unions across the country are declaring April 16 Shred Day. According to those credit unions offering the free service to members, post-April 15 is the perfect time to do some spring cleaning. They are advising members to gather all old papers including outdated tax...

SAN DIEGO, Calif. - A former employee of North Island Credit Union has been sentenced to 15 months in jail after pleading guilty to embezzling more than $338,000 from the financial institution. Authorities said 40-year-old Leanne M. Truitt used the money to live a lavish lifestyle, including throwing elaborate parties,...

AUSTIN, Texas - As part of its strategy to help financial institutions combat rising check fraud, Vigilance Financial Systems LLC has upgraded its fraud protection solution FraudSWEEP. Version 3.6 offers financial institutions a parameter-driven option, called KiteTAILER, which detects accounts with suspect check kiting activity to help financial institutions detect...

GRAPEVINE, Texas - The lions' share of the Texas Credit Union League's Annual Membership Meeting April 8 at the Gaylord Texan Resort and Conference Center was devoted to discussion of TCUL's 2004 legislative and advocacy activities. Voting business occupied an insignificant portion of the overall agenda. Two items - a...

SAN FRANCISCO - TRUSTe, an online privacy non-profit organization, and professional services firm Ernst & Young LLP have teamed up to release a guide entitled "How Not To Look Like a Phish" to help minimize phishing attacks. Phishing is the criminal act of posing as a legitimate business via digital...