CHUBBUCK, Idaho—Idaho Central Credit Union will pay $45,000 per year for the naming rights to the Roundup Arena in Lewiston, Idaho. The sponsorship agreement is for five-years, and the venue will be called the Idaho Central Credit Union Arena.
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FRANKFURT, Germany—Deutsche Bank will pay $16.2 million to settle a U.S. regulator’s allegations that it hired relatives of overseas government officials to win business.
MADISON, Wis.–The Filene Research Institute said it plans to launch six new Centers of Excellence over the next six to 18 months to explore academic research that can “transform organizations and deliver the greatest impact to credit union leaders, members and their communities.”
WASHINGTON—There will not be a recession in the U.S. in the near future, according to a CUNA economist, who is citing two reasons for the forecast: the inverted yield curve this time is not a sign of a downturn, and the economy will continue to expand.
DES MOINES, Iowa—Compromised gas pumps, coffee shops and restaurants operated by Hy-Vee – which operates more than 245 supermarkets throughout the Midwest – may have led to more than 5.3 million credit and debit accounts being exposed and sold online.
SYDNEY, Australia–More than 90,000 Australian bank/credit union customers/members have had their financial details and other personal data exposed after PayID was breached via Credit Union Australia, in the second major attack on the payment management system in recent months.
FULDA, Minn.–Fulda Area Credit Union has announced a new CEO. The $120-million credit union has named Chad Merrihew to lead the organization.
WASHINGTON—While Congress remains at home for its August recess, NAFCU said its advocacy team will be active on a number of issues in Washington.
WASHINGTON—More speakers have been added to NAFCU's Congressional Caucus, which is two weeks away.
DAVIS, Calif.— A 19-year-old college student and credit union member here has been victimized by a scam via Instagram that led to her losing her savings and incurring significant fees.