A close-up look at a dozen cases by insiders and members that cost credit unions more than $185 million, and often, their very existence.
From rings of alleged thieves working together with an auto dealership and a police officer to get loans to buy cars to an equity skimming scheme used to buy luxury items, over the past few months, credit unions have been bilked in cases that end up costing millions of dollars...
Defendants in Pennsylvania case accused of fraudulently obtaining business loans in Indiana, California, Illinois.
Hawaii State Federal Credit Union announced it has hired Andrew Rosen as president/CEO.
Executive comes over from Bank of the West.
The industry push to promote improved savings behavior among consumers while also drawing new business was ratcheted up with a pilot initiative involving 20 credit unions and sponsored by Filene Research Institute and SaveUp, a fledgling San Francisco firm.
Filene Research Institute and SaveUp.com launch pilot initiative at 20 credit unions in 15 states offering customized packages promoting account savings.
The Prime Performance 2011 California bank and credit union survey has ranked The Golden 1 Credit Union the top financial institution in several categories, including overall customer experience. The survey distinguishes Golden 1 as a top performer in customer service and satisfaction.
Chicago institution named "Best All-Access Credit Union."
A veteran bond and commercial finance expert says ways exist for credit unions to make more without creating undue new risk.