LAKE FOREST, Ill.—2024 will be the “year of the checking account,” according to one expert’s forecast, who said it’s fitting it’s the Year of the Dragon.
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CINCINNATI—Could a credit union construct a disaster-proof building? What if the budget were no object? What might it look like? And is there anything close to such a structure already built?
HAGERSTOWN, Md.–The CUSO at the center of an outage affecting services at more than 60 credit unions has issued a statement offering an update on what’s taking place, while NCUA has provided its own update on the CUs involved and how it has been responding, along with expressing some frustrations over its inability to get more information more quickly.
LAKE FOREST, Ill.—At a time when credit unions are under fire for overdraft revenue, a new study also finds credit unions rely more on fee income than banks—and the author of the study is offering some ideas on what to do.
SCOTTSDALE, Ariz.–“Entrepreneurial thinking” is needed more than ever in credit unions, according to one expert, who says the key lies in one word and may run counter to how many CU leaders think and plan.
PERU, N.Y.— It’s back to old-fashioned cash and manual data entry for one of the credit unions impacted by the ransomware attack on a vendor that has affected approximately 60 CUs.
CHICAGO—With the threat from fraud already top-of-mind for most credit union leaders, a new warning is being shared over even more sophisticated risks posed by artificial intelligence and third parties, says one expert.
COLUMBUS, Ohio—Paul Mercer is glad he has a big brother, not so much because he helped bail him out of tough situations when he was younger, but more so because he helped set a course for his future.
DALLAS—A fintech has applied for a charter with NCUA to form a new credit union that will be based on open banking and distributed ledger technology, claiming the move will drive open banking within credit unions.
BOULDER CITY, Nev.–An extensive new white paper makes clear just how broadly transformative artificial intelligence and generative AI are going to be for credit unions across the enterprise and the markets, yet it also stresses that the starting point for every decision a CU makes must be to protect “member trust by ensuring the credit union’s values are built into the foundation of all models.”