News

The FBI and FTC report financial fraud preying on senior citizens has substantially increased throughout the nation.

Rice warns lawmakers that payroll protections are a national security issue and calls for parity for credit unions alongside banks.

The perpetrators allegedly solicit friends, family and members of North Carolina’s largest credit union to maximize the fraudulent scheme.

Annual growth rate has held steady around 4% for credit unions since April, while balances slip at banks.

Trade group backs Rep. Loudermilk’s bill to raise SAR and CTR thresholds, citing compliance strain and outdated reporting rules.

Credit union says the repayment pace would take 669 years.