Palash Ghosh

PEWAUKEE, Wis. — The Wisconsin Credit Union League, the Cooperative Network and representatives from credit unions across the state are strongly opposing a bill in the state senate that calls for a merger of several state regulators — including the body that oversees state-chartered CUs — into one super agency.

FICO recently unveiled a pilot program under which a dozen of the country's largest credit card issuers will use data from "alternative" sources to generate credit scores for an estimated 15 million Americans who are either unbanked or under-banked and, up until now, had no credit score.

CUNA is trying to recruit at least one credit union from each of the 50 states to join a class-action lawsuit against Home Depot in connection with a massive data breach at the retail giant late last year.

Should credit unions consider making student loans to students' parents, instead of the students themselves?

State Employees' CU has developed a pool of future executives and CEOs through a process its current chief executive calls "horizontal diversification."

LATHAN, N.Y. — Community Resource Federal Credit Union's board of directors has named Terry Langlois as the new president and CEO, effective May 1.

Reports that Target is close to paying MasterCard nearly $20 million to reimburse credit unions and banks for the costs associated with the retailer's 2013 data breach is not good enough for one CU trade group.

ARLINGTON, Va. — Reports that Target is close to paying MasterCard nearly $20 million to reimburse credit unions and banks for the costs associated with the retailer's 2013 data breach is not good enough for one CU trade group.

When it comes to succession planning, some credit unions have a problem. Almost one-third of CUs have no idea who their next CEO will be and only about 60% have any succession plans in place.

The Consumer Financial Protection Bureau's proposed rule cracking down on predatory payday lenders could wind up shutting down some credit unions' consumer-friendly payday loan alternatives.

Mission Federal Credit Unionannounced that it has donated $1 million in support of a financial literacy program designed for San Diego high school students.

Landings CU outsourced the management of its four machines to Dolphin Debit Access, an ATM management firm in Houston.

HOQUIAM, Wash. — Five years ago Newrizons FCU was facing collapse — suffering steep drops in membership, loans, and assets. It was a situation so severe that NCUA issued the tiny institution a prompt corrective action warning.

BROOKFIELD, Wis.—Fiserv Inc. announced DHCU Community Credit Union, a $488-million institution based in Moline, Ill., selected the technology firm's DNA account processing platform and several integrated solutions.

BRUSSELS, Belgium — The World Council of Credit Unions has expressed its concerns over the phenomenon of Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) customer "de-risking" with the Financial Action Task Force (FATF) at an FATF consultative forum held in Brussels late last week.

ARLINGTON, Va. — The Federal Financial Institutions Examination Council (FFIEC) has released two statements concerning ways that financial institutions, including credit unions, can identify and mitigate cyber-attacks that compromise user credentials or use destructive software, known as malware.

SUNRISE, Fla. — BrightStar Credit Union has named Michael Tomko as its president and CEO, replacing board member Dr. Colin Battle, who was serving as the interim CEO, and now returns to the board.

As banks and alternative lenders start approving more small business loans, credit unions are facing growing competition for marketshare.

Credit unions stand to lose significant interchange fee income in the event that big retailers follow the lead of Walmart in switching from signature debit transactions to PIN-based transactions when customers swipe their debit cards upon making purchases.

ALEXANDRIA, Va. — NCUA announced that Edward Dorris has been named chief information officer, effective immediately.