NEW YORK—Credit card “friendly fraud” is on the rise, a new study shows.
Fresh Today
BOCA RATON, Fla.– CU First Responders Finance, LLC (CUFR), a CUSO affiliated with the National Council of Firefighter Credit Unions, said it has funded a commercial real estate loan, cash-out refinance for a volunteer fire company in Sanborn, N.Y.
HONOLULU—Hawaii Central Federal Credit Union (HCFCU) has increased its excess share insurance policy with the Excess Share Insurance Corporation (ESI), with members’ deposit accounts now insured up to $750,000.
SPRINGFIELD, Ill.–A bill has been introduced in the Illinois legislature that would amend the state’s Credit Union Act in a number of ways, including providing parity with the Federal Credit Union Act in some ways.
BROOKFIELD, Wis.–Fiserv has been named one of Fortune’s “World’s Most Admired Companies” for 2023.
WEST CHESTER, Ohio–Kemba Credit Union has entered into a multi-year agreement with CUSO Financial Services, a subsidiary of Atria Wealth Solutions, Inc., to support and grow the CU’s wealth management program, Kemba Investment Services.
NEW YORK—A new survey reveals that 44.5% of respondents have not written a physical check in the past year.
LONDON—Some 100% of U.K. financial compliance professionals are re-evaluating their approach to financial crime risk, according to a new report.
WASHINGTON–Hiring surged in January with 517,000 jobs being created, according to new data from the Labor department. As a result, unemployment fell to 3.4%, the lowest rate in more than 53 years.
MADISON, Wis.–In the year ending with November 2022 membership in credit unions grew at its fastest pace since 1985, but that growth is projected to slow in 2023, according to CUNA Mutual’s newest Trends Report.