LAKE FOREST, Ill.—Walmart’s entry into checking signals a new competitive period for the service, but credit union have some competitive advantages over the retailing giant, according to one analyst.
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WASHINGTON—Credit unions continue to offer significantly better deals on checking accounts, according to a new WalletHub study that shows CUs charge 70% less in fees than national banks and pay rates that are nearly 10-times higher than regional banks.
SCOTTSDALE, Ariz.—Butch Leonardson, well-known to many in credit unions as the SVP/CIO at BECU in Seattle, is joining Cornerstone Advisors to head up its I.T. Leadership team.
WICHITA, Kan.—Credit Union America is co-sponsoring a self-defense course for female Realtors following a murder in Arkansas of a Realtor.
RANCHO CUCAMONGA, Calif.—The California and Nevada CU Leagues are reporting that more than 37,000 meals have been provided to local food banks as the result of a partnership between the leagues and the restaurant rewards platform MOGL.
MADISON, WIs.—The National Credit Union Foundation has named the winners of its 2015 Herb Wegner Memorial Awards, considered to be the highest national honors in the U.S. credit union movement. Being recognized are the Iowa Credit Union League for Outstanding Organization, while Clarence Hall, Jr., the board chair and president/CEO of Issaquena County FCU; Bob Schumacher, the retired president/CEO of MountainCrest Credit Union and long-time host of the Herb Wegner Awards, and Mike Mercer, CEO of Georgia CU Affiliates have all won Lifetime Achievement Awards.
The Herb Wegner Memorial Awards will be presented at a special dinner at the new Marriott Marquis on March 9, 2015, in conjunction with the Credit Union National Association (CUNA) Governmental Affairs Conference (GAC) in Washington, D.C. For info on sponsorships and dinner tickets, www.ncuf.coop.
WASHINGTON—With November’s elections just 29 days away, CUNA continues to be involved in select races, and will be sending direct mail to CU member/voters on behalf of three candidates this week.
NEW YORK—Now that JPMorgan Chase has confirmed a data breach affecting as many as 76-million household accounts and seven-million small business accounts, reports of how hackers were able to infiltrate the nation’s largest bank are beginning to surface.
IRVINE, Calif.—The number of foreclosures continues to decline. Data released by CoreLogic as part of its National Foreclosure Report shows that during August there were 45,000 completed foreclosures nationally, down from 58,000 in August 2013, a year-over-year decrease of 22.2%.
WASHINGTON—The Consumer Federation of America (CFA) will release the results of its fourth Personal Savings Index (PSI) research at noon today EST.