ST. PETERSBURG, Fla.—Provisions in the Regulatory Relief Act allowing more states to accept scanned drivers licenses for ID purposes for online enrollment are a solid step forward in the digital transformation of financial institutions, according to several sources.
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METARIE, La.–While Labor Day means a three-day weekend for many in credit unions, for a select group of others it means much more–a tie to their very reason for being–as well as some tough decisions around staying true to their charters.
WASHINGTON—In the national debate recently over federal security clearances and who should have them, what many may not know is that several current and former executives with NCUA also have such clearances.
MUSKEGO, Wis.–Expect many more credit unions to self-insure for employee healthcare over the next few years, according to one CUSO.
DELRAY BEACH, Fla.—IBM Southeast Employees CU’s 2017 acquisition of Mackinac Savings Bank has had such a positive bottom line impact that the credit union recently pulled the trigger on a second bank buy.
MADISON, Wis.—What are credit unions going to do if they lose 40% of their auto lending portfolio?
MADISON, Wis.—The raging California wildfires that have been growing in size and intensity in the last two years have yet to make a big impact on credit union insurance claims, reports CUNA Mutual Group.
MILFORD, Conn.—Nutmeg State Financial CU is partnering with Connecticut’s Department of Motor Vehicles (DMV) to boost the credit union’s membership and make sure branches continue to be viable as more people shift to digital banking.
SANTA ROSA, Calif.—One credit union CEO whose headquarters narrowly escaped California wildfires in October of 2017 and which is now being threatened by a new blaze is facing the sobering fact that possibly the worst is still to come.
HARRISBURG, Penn.—While many credit unions, especially those smaller in assets, find the current operating environment challenging, Greg Smith predicts that running a credit union is only going to get harder.