WESTERLY, R.I.–Westerly Community Credit Union here has signed amulti-year agreement for Lumin Digital’s cloud-based platform to become its digital banking solution for retail and mobile banking, as well as bill pay solutions.
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RAPID CITY, S.D.–MED5 Credit Union here has opened a new branch that features not just a new design but also a coffee shop that raises funds for charity.
NEW YORK–Nigerians in the U.S. are attempting to charter a credit union to serve their community.
PURCHASE, N.Y.—Mastercard has made a majority purchase of a Danish company that offers an electronic-billing platform as well as clearing and instant-payment services.
COLUMBUS, Ohio–A new survey finds nine-in-10 Ohioans know their credit scores.
ROCKY HILL, Conn.–DaLand CUSO said it has formed the CODE Council.
FOSTER CITY, Calif.—Visa has expanded its Fast Track program to the United States. Fast Track aims to speed up the process of integrating with Visa, to allow startups to leverage the reach, capabilities, and security of VisaNet, the company’s global payment network, to scale quickly.
STUDIO CITY, Calif.–A class action lawsuit that is seeking at least $40 million in damages has been filed against former members of the board and the supervisory committee of the now defunct CBS Employees FCU, which was conserved by NCUA earlier this year amid allegations the former CEO had embezzled funds that were twice the reported asset size of the credit union.
WASHINGTON — The Consumer Financial Protection Bureau announced a proposed settlement with ITT Educational Services, Inc., the defunct private school that has also resulted in tens of millions of dollars in losses for a number of credit unions.
WASHINGTON—With Congress in recess, the credit union trade groups are focused on reaching representatives while they are at home, while not expecting new attention on gun legislation to delay priorities when Congress returns.