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SEOUL, South Korea–Under pressure to adopt an open banking system, South Korea's financial industry said it plans to move forward with a general-use digital financial transaction protocol this year so fintech  companies can share financial data and build innovative business models.

NEEDHAM, Mass.–Direct Federal Credit Union was recently honored with two Excellence Awardsfrom the CUNA HR & Organizational Development Council.

RUTLAND, Vt.— Heritage Family Credit Union has chosen Lumin Digital’s cloud-based platform as the credit union’s digital banking solution for both retail and business banking. 

FT. LAUDERDALE, Fla.—Credit unions can’t be afraid to make tough calls, according to one professional blackjack player and former Twitter exec, who advised CU leaders to always make decisions based on sound data.

EL SEGUNDO, Calif.–One new analysis suggests there’s been a marked improvement in the job being done by at least one segment of Americans when it comes to savings for retirement.

LAKE JACKSON, Texas--TDECU has named Deanna Jones as an Advisory Board Member to the organization’s Board of Directors.

NEW YORK—The largest U.S. banks are facing a growing consumer debt.

ORLANDO, Fla.–Approximately 10% of credit union CEOs are expected to retire over the next two years, with reverberations that will be felt across CU management chains, according to one person, who said the trendline puts additional pressure on compensation plans.

NEW YORK—Chase has introduced a credit card that targets college students.

ROSEBURG, Ore. – Shortly after demanding money from a teller at a credit union here, an alleged robber then asked that police be called so he could be arrested.