ORLANDO–It is increasingly important that credit union CFOs go from thinking purely in operational terms to also thinking in strategic terms—and while it won’t be easy, there are distinct steps for getting there, according to two people.
Fresh Today
GREAT BARRINGTON, Mass.—A new report on debt and credit shows that in the first quarter of 2017, household debt surpassed the previous peak of $12.7 trillion, seen during the Great Recession. The new numbers come at the same time some analysts see red flags in rising delinquencies.
ALEXANDRIA, Va.—In the wake of the “WannaCry” global ransomware attack, NCUA reminds federally insured credit unions to verify they have effective controls in place to prevent similar attacks.
BROOKFIELD, Wis.—Fiserv announced that Whatcom Educational Credit Union, a $1.4-billion credit union based in Bellingham, Wash., will move from another supplier to Fiserv to advance its commercial and retail operations and support continued growth.
ONTARIO, Calif.–CU Direct will host a brand-new webcast offering an updated and in-depth auto analysis of the auto lending performance on June 1. The webcast will provide the insights CUs need “to stay ahead of the competition now and throughout 2017,” the company said.
WASHINGTON—The CFPB should not create any new regulations to "encourage" financial institutions to use alternative forms of data to increase consumers' access to credit, NAFCU is emphasizing.
WASHINGTON—The Consumer Financial Protection Bureau’s remittance transfer exception is too low and unintentionally harming consumers by forcing providers out of the market, according to CUNA.
WASHINGTON—House Financial Services Subcommittee Chairman Andy Barr (R-KY) has introduced the Taking Account of Bureaucrats' Spending (TABS) Act, which would subject the CFPB to the congressional appropriations process.
ARLINGTON, Texas – Members of Qualtrust Credit Union have voted in favor of merging with Texas Trust Credit Union.
CORRY, Penn.–The former CEO of the Corry Area School FCU here has been sentenced after pleading guilty to embezzling more than $740,000.