MADISON, Wis. – Virtual lending to Millennials will be critical to the future success and sustainability of credit unions, but it’s important to be cognizant of the growing risks posed by expanding online channels and take steps to mitigate them, asserts one expert.
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WASHINGTON — Credit unions have long noted that all the upstart financial technology (fintech) companies that have become rivals largely remain unregulated.
HERNDON, Va.–The $3.2-billion Northwest FCU has named Jeff Bentley as its new president/CEO.
WASHINGTON—Record student debt and associated borrower stress is spurring more employers to offer student loan repayment benefits to their employees, according to a new CFPB report.
LAS VEGAS—Credit unions’ share of the U.S. mortgage market has grown from 2% in 2006 to 8.57% as of March 2017, fueled by trust gained from consumers during the Great Recession and a boom in refinance volume, according to one analyst.
FORT KNOX, Ky.–Henry Wheatley, a board member with Fort Knox FCU, has been inducted into the Defense Credit Union Council (DCUC) Hall of Honor. Wheatley was inducted during the council’s 54th Annual Conference in San Diego.
HOUSTON— U.S. financial institutions substantially increased issuance of chip debit cards in 2016 and experienced reduced fraud losses, according to the 2017 Debit Issuer Study, commissioned by PULSE.
ALEXANDRIA, Va.–NCUA said it has now posted the Aug. 9 webinar covering its proposed plan to close the Temporary Corporate Credit Union Stabilization Fund.
MIDDLEBURY, Vt.–Bret Weekes, president and CEO of eDOC Innovations, met with Joe Bergeron, president of the Association of Vermont Credit Unions (AVCU), for an executive exchange to discuss the technology challenges that credit unions face to meet member needs for immediate satisfaction in a convenience-oriented society, all while still maintaining their philosophical roots as a cooperative business.
LIVONIA, Mich.––As CUToday.info reported, Zeal CU helped sponsor an event that set a new U.S. record for number of dominoes toppled.