AUSTIN, Texas—With mortgage lending in flux, credit unions are being cautioned to pay close attention to their contracts with mortgage settlement companies to avoid being “blindsided” with new fees and terms.
THE feature
RANCHO CUCAMONGA, Calif.—In the wake of a ransomware attack that shut down 60 credit unions, cyber security experts are warning many CUs are just one compromised key supplier away from being shut down, too. It’s a growing threat they say can have numerous downstream effects on many organizations.
BEDFORD FALLS—All of the friends, townspeople and George Bailey himself would need to brush up on their social media skills if they wanted to have any hope of saving the Bailey Brothers Building & Loan in 2023 in the same way they did in the movie classic “It’s a Wonderful Life.”
DALLAS—When it comes to asset/liability management in 2024, credit unions will continue to be challenged by the very question they have faced in 2023—how to fund themselves, according to one expert who is urging CUs to be “opportunistic.”
MADISON, Wis.–Mark Meyer recognizes that artificial intelligence is going to deeply affect financial services, disrupting everything from payments to members who no longer need auto loans—and believes it’s time for credit unions to pause to truly think through what the new technology may mean.
CHICAGO—With Christmas almost here, it’s time credit unions pay even closer attention to ecommerce fraud as crooks have been loading their sleighs with stolen dollars at a record pace this holiday season, reports TransUnion. In response, the company is sharing strategies for making the credit union as Grinch-like to criminals as it can possibly be.
ST. PETERSBURG, Fla.–With member credit unions of both PSCU and Co-op Solutions now having voted in favor of merging two of the largest CUSOs in the country, and with the new board meeting for the first time today, the official combination is now just two weeks away—and the CEOs of both are offering an update on what is taking place now and moving forward.
CHICAGO—While reports indicate many student loan borrowers were caught off-guard by having to begin paying on their student debt again, one analyst contends there are two key reasons why credit unions should not worry about borrowers now having too little money at the end of the month to cover their loan obligations—while also seeing an opportunity for CUs.
BALTIMORE—Credit union leaders feeling uneasy in the wake of a ransomware attack that has affected 60 credit unions should be taking steps now to protect against potential threats and to recover more quickly in the event of an attack, according to one cyber security expert. And that begins with two questions.
BALTIMORE—Credit unions should brace for almost a month of major problems if they’re victimized by a ransomware attack, according to one cybersecurity expert, whose insights into the “anatomy” of a ransomware attack are coming at the same time nearly 60 CUs are currently trying to restore their own operations.