PLEASANTON, Calif.—Card not present fraud skyrocketed in 2016, jumping 40% from 2015, according to Javelin Strategy & Research.
Fresh Today
WASHINGTON–This week is America Saves Week and Military Saves Week, and credit unions and credit union organizations are participating in a variety of different activities.
WASHINGTON–CU Direct will soon be unveiling an Innovation Lab as part of 10,000 square feet of space it has built out with a goal of helping credit unions make more loans.
LAWRENCEVILLE, Ga.—Black Book is forecasting 2017 vehicle depreciation rates will hit 17.8%, and new auto sales will come in at 17 million units.
WHEELING, W.V. — Kathleen Gramlich, the former manager of Ohio County Schools Public Credit Union who pleaded guilty to embezzlement, has been sentenced to one day in jail and ordered to pay a $100 fine and make restitution in the amount of $156,342.60.
BURLINGTON, Vt.–One Credit Union has named a new CEO.
FRANKLIN, Tenn.—Affinion Insurance Solutions, powered by Affinion Benefits Group, said it is bringing to market a “seamless way for credit union partners to develop a deeper understanding of their membership base.”
WASHINGTON/SAN FRANCISCO–A coalition of consumer groups has launched a national campaign targeting Wells Fargo Bank over what they are calling “illegal practices” it said are related to what it alleges is the denial to customers and employees of their constitutional rights under the Seventh Amendment.
WOODBURY, Minn.—Ideal Credit Union has returned 10.5% of its 2016 earnings to members through its VIP Program, the fifth consecutive year for the payout to VIPs—members with qualifying relationships.
WASHINGTON—The Defense Credit Union Council (DCUC) has released a publication developed to help educate servicemembers about the changes to the military retirement system that take effect next year. On Jan. 1, 2018, the new Blended Retirement System comes into full effect.