$3-Billion Municipal CU Is Conserved 06/26/2019 10:11 am NEW YORK—The troubled $3-billion-plus Municipal Credit Union, whose former CEO has pleaded guilty to stealing millions from the CU, has been conserved by New York State Department of Financial Services.
Pen Air FCU Opens Branch 05/27/2019 11:03 am PENSACOLA, Fla.–Pen Air Federal Credit Union has opened a new branch at 220 W Garden Street here, its 15thfull-service branch.
Getting Directors To Openly Discuss Diversity Issues 05/27/2019 03:46 pm MADISON, Wis.—How do CUs get their directors to openly discuss an issue not easily raised in the boardroom, such as lack of diversity and the growing age among directors? Get them to play a board game modeled on one for children.
Two Japanese Cos. Join Forces to Enter U.S. Crypto Market 05/18/2019 12:03 pm TOKYO—Japanese crypto trading platform Liquid.com and Virtual Currency Partners (VCP) have joined hands to form a joint venture – Liquid Financial USA Inc. (Liquid USA) – to enter the US market.
Senator in Barbados Urges Deposit Insurance for CU Accounts 05/27/2019 03:48 pm BRIDGETOWN, Barbados–A senator here is calling on this country’s Financial Services Commission (FSC) to extend deposit insurance protection to credit unions.
'We Don't Have to Wait' 05/18/2019 12:03 pm CHICAGO–How can credit unions, CUSOs and other companies do a better job of empowering women both at work and in society overall? One person is offering three strategies to consider.
State’s Growth in Innovation Reflected by Its Own, Says Nutmeg Financial 05/27/2019 03:49 pm ROCKY HILL, Conn.–Connecticut has been ranked fourth among states for being innovative in a new analysis, and one credit union here said it has looked to be among the innovation leaders in the state.
Numerous Arrests Made in Alleged Transnational Cybercrime Network 05/27/2019 03:49 pm THE HAGUE, Netherlands—A complex transnational organized cybercrime network that used GozNym malware in an attempt to steal an estimated $100 million from unsuspecting victims in the United States and around the world has been dismantled as part of an international law enforcement operation, according to the U.S. Department of Justice.
CFPB Files Suit Against Debt Collection Law Firm 05/27/2019 03:49 pm WASHINGTON, D.C. — The Consumer Financial Protection Bureau has filed a lawsuit in the federal district court in the Eastern District of New York against Forster & Garbus, LLP, a New York debt collection law firm.
Homefield CU Supports Habitat for Humanity 05/18/2019 12:03 pm NORTH GRAFTON, Mass.–Homefield Credit Union partnered with Habitat for Humanity MetroWest/Greater Worcester to build a playhouse for the children of a veteran under Operation Playhouse.
