WORCESTER, Mass.– Worcester Credit Union has named a new president and CEO. The credit union has selected Lisa Perrin to succeed long-term President/CEO Karen Duffy, who will be retiring on August 31 after leading the organization for 25 years.
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WASHINGTON—NAFCU's Ann Kossachev is urging the Social Security Administration (SSA) to extend the initial enrollment period – which is currently set to end today at 6 p.m. ET – for its electronic Consent Based Social Security Number Verification (eCBSV) service. Institutions could begin enrolling in the system July 17.
WASHINGTON—The Department of Labor (DOL) is being urged to issue a final rule on financial reporting for labor organizations that exempts the reporting of information on labor-affiliated credit unions.
RANCHO CUCAMONGA, Calif.– The number of 2019 Prime Day transactions inside the CO-OP credit card portfolio was up nearly 50% (48.55%) compared to the number of 2018 Prime Day transactions, according to data collected and analyzed by CO-OP Financial Services. A number of credit unions on the CO-OP card solution staged special promotions to help ensure their cards were used, the company said.
FITCHBURG, Mass.–A long-time reporter and writer who wrote extensively on credit unions–including three books–has died. Paul D. Thompson, a Ford Foundation early admission scholarship winner who entered the University of Wisconsin-Madison in 1952 at the age of 15 and who spent many years with CUNA, died at age 82.
RICHARDSON, Texas—CU REVL announced 1st University Credit Union in Waco, Texas, and Texas Health Credit Union in Austin have joined the CUSO as referral affiliates.
SAN FRANCISCO–Some taxi-driving credit union members here said they have received letters from their CU requesting full repayment of their medallion loans. At least a dozen of the letters have been sent, according to KPIX, the local CBS affiliate.
NEW YORK–Capital One said a hacker gained access to more than 100 million Capital One customers' accounts and credit card applications earlier this year.
WASHINGTON–The Federal Open Market Committee (FOMC) will begin its two-day meeting today and most analysts–along with President Trump–are expecting a rate cut. Standing most to benefit are credit card holders should the Fed act, according to one analysis.
WASHINGTON–The American Bankers Association said it has “grave concerns” over NCUA’s proposal to delay implementation of its 2015 risk-based capital rules.