More than 1,000 of the 219,700 members of the $2.3 billion Virginia Credit Union deposited a check using their smartphones in July, the Richmond, Va., credit union said.
The $2.3 billion Virginia Credit Union said more than 1,000 of its 219,700 members made a deposit using their smartphones in July.
Promotions, hirings, personnel moves.
Fresh out of college a few years ago, Tyler Leonhardt accepted a position at Bank of America.
Through its several branches, Virginia Credit Union said 95 new members joined Friday, and normal traffic today.
The era of the paperless office hasn’t arrived, but the drive for back-office efficiency continues.
Parts of a proposed Federal Reserve regulation that would require credit unions to reduce the hold time on certain checks could increase the incidents of fraud and threaten safety and soundness, according to letters from CUNA, NAFCU and several credit unions.
Changes would let NCUA help to a troubled credit union or a credit union acquiring one to count as regulatory net worth.
SAN FRANCISCO — The biggest players in financial services technology right now might be Google and Facebook. That’s what it felt like at times at the Finovate Spring 2011 showcase last week at the San Francisco Design Center Concourse.
To prepare for possible action in Congress on delaying the Federal Reserve’s interchange rule, credit unions redoubled their grassroots efforts on the issue during the recent recess.