ST. PETERSBURG, Fla.—When credit union members receive credit card applications in the mail for their eight-year-old kids, they shouldn’t “laugh,” they should pay attention, says one data security expert, who has outlined some due-diligence CUs must perform.
MONROE, Ind.—A bank has announced plans to purchase a credit union here.
WASHINGTON–Could banks actually start purchasing credit unions? Two people who have been involved in the wave of credit unions buying banks in recent years told CUToday.info that scenario could also work in reverse.
ROYAL OAK, Mich.—With the number of credit unions buying banks markedly increasing, analysts are now saying what CUs have been spending on the deals is equal to—if not less than–what bank buyers have been paying.
EUGENE, Ore.–Credit unions already know they have “too many doors” vulnerable to cybercrooks. The challenge comes in closing them–and ironically, several IT experts are offering some “keys” for doing so.
ALEXANDRIA, Va.–Four women shared four unique and interesting perspectives on what diversity, equality and inclusion have meant to themselves and their credit union communities, with insights ranging from the danger of assimilation, to creating a supplier diversity program to how one cohort of loans is generating 12.5% yields.
SANTA ROSA, Calif.—The forest fires, the evacuations and now the increase in frequency and reach of the rolling blackouts has made life—and running a credit union—in Northern California “extremely complicated,” says Brett Martinez.
LAKE FOREST, Ill.—A new study suggests if banks and credit unions don’t increase their overdraft limits, more consumers will turn to payday lenders and FI overdraft revenue will markedly fall.
MONTEREY, Calif.–It may “hurt your head” to think in new ways about how open banking, open data and an “open future” are going to change the operating environment for credit unions, but CU leaders would be wise to embrace the pain, according to one expert.
WASHINGTON—More military credit unions could achieve a low-income designation (LICU) if NCUA would make a small change to its rules, asserts the Defense Credit Union Council (DCUC).
