COLUMBIA, Ill.–Theodore J. Longust, 51, a former employee of Scott Credit Union, has received a sentence of more than 10 years in crimes committed while at the credit union.
THE news
ARLINGTON, Va.–Credit unions are hopeful that the new Congress, with Republican majorities in the House and Senate, and Republican President-Elect Donald Trump will help bring about regulatory relief.
WASHINGTON—The Department of Labor published 34 questions and answers last week meant to clarify important aspects of its fiduciary duty rule. The FAQs are based on feedback and misunderstandings it has received from the financial services industry and others.
WEST JORDAN, Utah—A robbery at a branch of Mountain America CU here ended in the fatal shooting of the alleged thief.
WAYNE, N.J.—A recent failed auction of three taxi medallions suggests that credit unions that make taxi medallion loans will continue to face a pothole-filled road.
WHEELING, W.Va.—Kathleen Gramlich, the former executive director at the $5.7-million Ohio County Public Schools FCU, has pleaded guilty to charges of embezzlement.
WASHINGTON—CUNA has launched a new website identifying each of the CULAC-backed candidates for the upcoming 2016 elections.
SCOTTSDALE, Ariz.—Experts agree that a strong cyber defense requires a focus on employees as much it does firewalls. However, one analyst is cautioning that if those internal measures are focused more on tools than culture, the organization is making a critical misstep.
CINCINNATI—A new study shows that Democrats and Republicans are–surprise–split on how the presidential election will impact their car-buying habits.
SAVANNAH, Ga.–When it comes to payments, what’s going on with digital, with merchants, with same-day ACH? Does your credit union want to be a landlord or a tenant?