NOTTINGHAM, U.K.—The overall fraud rate during Q1 2016 continued to grow reaching 54 in 10,000—compared to 45 in 10,000 during Q1 2015—spurred on by fraudsters focusing their efforts on current accounts and credit cards, a new report indicates.
Fresh Today
WASHINGTON–The financial condition of Baby Boomers isn’t so booming.
TALLAHASSEE, Fla.–The Pod Advertising, which works with numerous credit unions, has announced the grand opening of its newest division, CoLab @ The Pod.
ST. LOUIS–Scott Credit Union has entered into a naming rights deal with Major League Baseball’s St. Louis Cardinals.
MALVERN, Penn.–Temenos, a software specialist for banking and finance, reported it successfully concluded its first unified Client Educational Conference and Compliance Knowledgeshare meeting.
BURNSVILLE, Minn.–Firefly Credit Union is going one step further than usual when it opens an in-school branch at Burnsville Senior High School for the 2016-17 school year.
LIMERICK, Ireland–This country’s credit unions have voted in favor of a “radical reform” plan, but have voted against paying the person who has proposed it.
ALEXANDRIA, Va.–Credit unions now have the ability, under certain circumstances, to make member business loans without requiring a personal guarantee, NCUA announced today.
NEW HAVEN, Conn.–A former CU lending manager has pleaded guilty to embezzling more than $800,000.
COLUMBUS, Ohio—An Ohio bankers group has failed in its attempt to prohibit credit unions in this state from using the verb “banking” in any promotional or marketing material.