OAK RIDGE, Tenn.–ORNL Federal Credit Union has become the latest credit union to announce it will increase the starting wage for new and existing employees to $15 per hour effective May 2.
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WASHINGTON—NAFCU has offered the association's insights and recommendations in response to the Federal Housing Finance Agency's (FHFA) request for information on climate change and natural disaster risk to the housing finance system and the government-sponsored enterprises.
MADISON, Wis.— Summit Credit Union said its Balance checking account has been officially certified by the Cities for Financial Empowerment (CFE) Fund as meeting the Bank On National Account Standards.
SALT LAKE CITY–America First Credit Union has renewed its multi-year partnership agreement with the University of Utah Athletics through Utes Sports Properties. America First is now also the Official Credit Union of Utah Athletics.
IRWINDALE, Calif.–Another CEO position has been added to CUToday.info’s free job board, The Gig.
SYRACUSE, N.Y.—With April being Financial Literacy Month, NAFCU has highlighted the work of one of its member credit unions, SECNY FCU, which it said uses financial education to build relationships in the four counties surrounding the Syracuse market.
LAWRNECEVILLE, Ga.—Black Book, in a joint report with Fitch Ratings, is forecasting an annual depreciation rate of 5% for used vehicles in 2021 as the effects of the pandemic continue to be felt.
WASHINGTON—CUNA said it has rounded out representation within its Associate Business Membership Advisory Committee (CABMAC) by adding CO-OP Financial Services as an “Elite” level member.
NEW YORK—While the pandemic has opened more doors for money launderers, it has also made it easier to catch them, according to one expert.
Indictment Alleges More Than $1 Billion in ‘High-Risk Transactions’ Were Run Through a $2-Million CU
NEW YORK—A now defunct, $2-million credit union in this state was allegedly victimized by two men who misrepresented themselves as AML experts who ran more than a billion dollars in “high-risk transactions” through the credit union without ever filing a single Suspicious Activity Report, according to an indictment unsealed in the Eastern District of New York.