WOODSIDE, N.Y.—The performance of conserved LOMTO FCU continues to decline due to plummeting taxi medallion values in the New York City market. As of mid-year, the credit union was unprofitable and insolvent.
Fresh Today
MADISON, Wis.–More than 750 credit unions raised nearly $1.5 million toward international development during 2017, while more than $200,000 was raised to help CUs hit by hurricanes in the Caribbean, according to the just-released annual report from the Worldwide Foundation.
SAN DIEGO—Cuatro Caliente, a team of employees from SchoolsFirst FCU, won the first place award at Xpress Data, Inc.’s 6th Annual Credit Union Chili Challenge at the Del Mar Thoroughbred Club Racetrack.
GRAND RAPIDS, Mich.–CU*Answers has announced the introduction of Project Team Communication and Coordination Services, a new offering available to all credit unions designed to help busy project managers with the difficult task of project administration.
MADISON, Wis.–The CUNA CEO Council has published a new white paper, “Leadership During a Crisis.”
MIDDLEBURY, Vt.––Mitek, a provider of mobile capture and digital identity verification solutions, and eDOC Innovations announced a partnership to bring Mitek’s Mobile Deposit and its advanced risk mitigation features to eDOCMobile RDC.
CHARLESTON, S.C.–A credit union serving African-Americans here is exploring an expansion of its partnerships with local churches.
WASHINGTON–A concept for saving and borrowing that is emerging and being used by an increasing number of consumers will sound awfully familiar to credit unions.
NEW YORK—The tiny portable credit card readers used to pay at small businesses are becoming a security concern, a new report indicates.
VANCOUVER, B.C.–Two credit unions are piloting what is said to be Canada’s first-ever authenticated voice banking service using Amazon Alexa.