How BECU Leverages ‘Dating Period’ To Engage New Members 01/24/2016 05:00 pm TUKWILA, Wash.—BECU is engaging with new members faster and getting more products in their hands as the result of a move to back away from its old onboarding process, which handed members a lot of information up front.
CU’s Good Intentions Get Caught Up In ‘Cultural Insensitivity’ 01/31/2016 06:03 pm RIVER FALLS, Wis. – Royal Credit Union found itself inadvertently caught up in a bit of a controversy here in both local mass media and social media.
Ex-Employee Gets Prison Term for 14-Year, $800K Embezzlement 01/31/2016 05:54 pm AMARILLO, Texas—Dorothy Stegall Barnes, who is also known as Dorothy Stegall Newman, a former employee of Pantex FCU, was sentenced to 30 months in prison for stealing $826,000 from the CU over a period of 14 years.
Catalyst Corporate Wins Quality Recognition Award From JPMorgan 01/31/2016 05:54 pm PLANO, Texas–Catalyst Corporate Federal Credit Union has been named a 2015 Quality Recognition Award winner by JPMorgan for its fast, accurate and reliable execution of international wire transfers.
Otis FCU, Atlantic Financial Latest To Announce Bonus Dividends 01/31/2016 05:55 pm JAY, Maine–Otis FCU has returned $300,000 to its members in the form of a bonus distribution and loan interest refund.
NCUA, IRS Remind That Taxpayers Should Apply For EITC 01/31/2016 05:55 pm ALEXANDRIA, Va.—NCUA is joining the Internal Revenue Service and other federal agencies to remind qualified taxpayers about the potential benefits of applying for the Earned Income Tax Credit (EITC).
Forecast: Regulators Will Begin Imposing Cyber Stress Tests 01/24/2016 05:08 pm NEW YORK—Expect regulators to begin imposing cyber incident “stress testing” and boards becoming more cyber-competent this year.
Analysis Urges CUs To Strengthen Liquidity Profile As Rates Rise 01/24/2016 05:09 pm DALLAS—A new report on recent economic data suggests that strengthening liquidity profiles should be a primary strategic objective now for credit unions in this rising-rate environment—and that auto lending could be slowing.
Report: Credit Unions Offer Better Rates Than Banks 01/31/2016 05:56 pm BIRMINGHAM, Ala.—A new report supports the notion that credit unions offer better interest rates than banks.
Blizzard Delays Congress This Week 01/25/2016 10:56 am WASHINGTON—The blizzard that struck the East Coast over the past weekend has led the House to postpone its return for another week, while the Senate is expected to come in Tuesday, postponing all votes until at least Wednesday.
