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ST. PETERSBURG, Fla.—When it comes to addressing the liquidity shortage, a number of credit unions are making the wrong moves at the wrong time, and in doing so are putting longer-term earnings at risk, asserts Brian Scott, who added the industry could be on the precipice of a “really big problem.”

WASHINGTON–With the House busy this week attempting to pass legislation around the federal debt limit, and with the Senate focused on judicial nominations, there are numerous hearings this week on Capitol Hill that credit unions are watching.

BENTON, Ill. – A U.S. District judge has sentenced a St. Louis woman to 12 months and one day in prison after she admitted to visiting credit unions in the Metro East area of Illinois and using fake identification documents to take out loans.

RALEIGH – State Employees’ Credit Union (SECU) recently hosted a delegation of credit union professionals from Africa to share insight into the cooperative’s structure and operations and its charitable arm, SECU Foundation. 

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