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Credit unions on the Corda blockchain platform will be able to make payments via EFT with CU Pay, a product the CUSO plans to roll out next year.
May 21 -
From data analytics to focusing on a service culture and more, here's a look at how technology is radically remaking lending.
May 20 -
Two economists speaking during CU Direct's recent Drive conference in Las Vegas offered predictions on how a variety of economic factors could impact credit union auto lending portfolios in the not-too-distant future.
May 20 -
The first day of CU Direct's annual Drive conference included insights from dealers, executives at online car-buying platforms and more.
May 16 -
From availability issues to regulatory hurdles and changes in marketing strategies, dealers say there is plenty credit unions can do to improve relations between the two sides.
May 16 -
The new initiative could help expose American credit unions to best practices in biometrics, payments and monitoring collateral from their counterparts in Africa, Asia and beyond.
May 16 -
The industry has long complained that gathering the data is confusing and costly but two plans issued by the CFPB could help lighten the burden for a significant portion of credit unions.
May 10 -
A new study shows credit unions are confident about their ability to comply with recent changes to FinCEN guidance, but a closer look shows some concerns linger, especially regarding training front line staff.
May 8 -
The credit unions, all of them small institutions, will pay a total of $4,069 in penalties for tardy submission of Q3 2018 all reports.
May 7 -
A recent study shows credit unions are likely to be increasingly reliant on vendor partners if they want to maximize efficiency and security in the account-opening process.
May 7 -
Las Vegas-based institution said its first-quarter net income was down about 21% from a year earlier.
May 3 -
The Yankton, S.D.-based institution can now serve 18 counties across two states.
May 3 -
The tech company denied allegations from Bessemer System Federal Credit Union regarding security issues and other problems with Fiserv's services.
May 2 -
The Honolulu-based credit union said its earnings dropped by more than 37% from a year earlier.
May 2 -
Project 2025, a new venture from the Children's Miracle Network's Credit Unions for Kids program, has tapped 10 young credit union leaders to envision how the industry can improve its corporate giving.
May 1 -
Doug Fagan was named president as Sundie Seefried, who will remain CEO, spends more time on the credit union's cannabis banking division.
May 1 -
Val Mindak, who has led Park City Credit Union for a decade, will help advise Minneapolis Fed President Neel Kashkari.
April 30 -
A promotion from U.S. Community Credit Union has helped boost business and increase social media engagement, but some analysts fear this credit union and others may be relying too heavily on post-recession messaging.
April 29 -
The Wisconsin Supreme Court upheld a "narrow interpretation" of a state-level consumer-protection law that maintains lenders' rights to collect debts without fear of being sued for damages.
April 24 -
The Decatur, Tenn.-based institution earned just $60,000 last year as its net worth ratio declined.
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