Strong Majority of Members Say They Want Payments to be More Personalized, PSCU Study Finds 11/08/2021 08:10 pm ST. PETERSBURG, Fla. —Consumers want their payments experiences to be more personalized, according to a new study from PSCU.
San Francisco FCU Loses Lawsuit Over Taxi Medallions 11/08/2021 08:30 pm SAN FRANCISCO—San Francisco Federal Credit Union has lost a lawsuit it filed against the San Francisco Municipal Transportation Agency (SFMTA) related to loans made on taxi medallions. Hailing the decision, the city attorney described the lawsuit as being about a “bank bailout.”
An Irony of the Pandemic: New Challenges Around Employee Sick Days 11/08/2021 08:28 pm NEW YORK–One irony of the pandemic: it has led to a significant reduction in workers’ sick days.
NCUA Offers Clarification on Secondary Capital in New Letter 11/08/2021 08:29 pm ALEXANDRIA, Va.–In a new Letter to Credit Unions, NCUA said any issuances of secondary capital not completed by Jan. 1 will be subject to the requirements of the new subordinated debt rule, which becomes effective on that date.
Defense CU Council Creates Special Video in Conjunction With Veterans Day 11/08/2021 08:29 pm WASHINGTON—As Veterans Day approaches, the Defense Credit Union Council said it is seeking to honor the sacrifices of the nation’s military’s by releasing a special video honoring servicemembers and veterans.
Rollout of Open Banking in Brazil Continues as New Instant Payments System Goes Live 11/08/2021 08:28 pm BRASILIA, Brazil—The third phase of the open banking initiative in Brazil has gone live, introducing services such as Pix, the country's instant payment system.
Long-Time CU Leader Jim Taylor Passes Away 11/08/2021 08:30 pm TALLAHASSEE, Fla.–Jim Taylor, a long-time leader in credit unions, has passed away.
REACH Conference Coverage: The Only Way to the Future is to Meet Members Where They Are And Will Be 11/08/2021 08:41 pm PALM DESERT, Calif.–Credit unions that want to prosper and meet the future will only do so if they first meet their members where they are needed—as PayPal is clearly doing, according to one member survey that ranked fintechs ahead of their own CU when it comes to meeting needs.
Underground Rock Festival Coverage: Where CUs Would Benefit From Coming Together, and Why Board Members Need to Know the CU Isn’t a Bakery 11/08/2021 08:33 pm LAS VEGAS–There are some issues around which credit unions would really benefit from coming together—including fear, according to two technology executives and one board member.