WASHINGTON—President Obama has signed an executive order aimed at speeding the adoption of EMV cards and reducing data breaches. The order directs government agencies to issue to employees chip-and-PIN credit and debit cards and to upgrade retail payment card terminals at agencies to accept the cards.
Fresh Today
ONTARIO, Calif.—Auto loan terms continue to climb as consumers attempt to keep the monthly payment affordable and CUs are less shy about going out as long as 96 months.
ALEXANDRIA, Va.—NCUA has tapped Rendell Jones as the agency’s chief financial officer.
ALBANY, Ore.–Stacie Wyss-Schoenborn has been named to succeed Elaine Eastman as president/CEO of the $228-million Central Willamette Community CU. The promotion is effective Jan. 1.
HARRISBURG, Penn.—The Pennsylvania CU Association’s successful “iBelong” CU image campaign will be back for another year.
FERNDALE, Mich.—Members of St. Joseph Mercy Pontiac Hospital FCU have approved a merger with Credit Union ONE here.
CEDAR RAPIDS, Iowa—Jeffrey Haydock, 58, who has been described as a “serial bank robber,” has been sentenced to 19 years in federal prison for robbing two Cedar Rapids credit unions in 2009 and 2010.
CHARLEVOIX, Mich. —“4Front Credit Union” has been chosen as the new name of the combined institution being created by the merger of the $179-million Bay Winds FCU and the $215-million Members Credit Union.
MADISON, Wis.-- Credit union loan balances rose a solid 1.1% in August, slightly better than the 1.0% pace reported in August 2013, according to the newest Trends Report from CUNA Mutual Group. In the last year, credit union loan balances are up 10.0%, the fastest pace since March 2006.
NEW HAVEN, Conn.—Community financial institutions experienced a 26% increase in the number of hours and employees required to meet regulatory compliance demands in the third quarter, according to the newest Banking Compliance Index released by Continuity Control.