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DULUTH, Ga.-Georgia Corporate FCU and Southwest Bridge Corporate FCU, which plan to merge and form Catalyst Corporate, reported they have transferred members' pledged Perpetual Contributed Capital into escrow, a sign the planned merger will "succeed," the corporates said.
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MADISON, Wis.-Here we go again. That was the sentiment being expressed last week by economists and credit union CEOs after the stock market plunge and other uncertainties that are expected to lead consumers to run to credit unions seeking shelter.
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EL SEGUNDO, Calif.-In the wake of last week's economic turmoil, credit unions still are able to offer investment services to their members, Bruce Young believes, as long as communication is clear.
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WASHINGTON, D.C.-Both federal and state regulators are downplaying any regulatory implications for credit unions following the U.S. credit downgrade and subsequent market turmoil.
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WASHINGTON-The downgrade of U.S. debt, which has sparked financial market volatility, is only going to drag out the economic recovery and increase the possibility of a double-dip recession.
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LAKE BLUFF, Ill. — One year following the implementation of Reg E-opt-in for debit card and ATM overdrafts — and 77% of checking account users have given consent.
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DALLAS-The most common type of housing fraud CUs face is individuals giving false or misleading information to obtain financing to buy a home.
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PROVIDENCE, R.I.-Most credit unions are interested in growing their membership base, and that has led to an increase in the number of fraudulent members trying to join.
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COSTA MESA, Calif.-The ability to integrate improved credit reporting with technology solutions is one tactic for fraud prevention every CU should be monitoring, according to one expert.
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TALLAHASSEE, Fla.-The best way to address fraud is to ensure you have dedicated fraud resources within the CU and make fraud prevention a strategic priority.
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SAN ANTONIO-Smaller credit unions are being urged to take special steps to guard against insider threats.
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RANCHO CUCAMONGA, Calif.-It may be time to start paying a little more attention to PIN debit fraud than in the past.
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SANTA ANA, Calif.-As large financial institutions have invested millions in defending themselves against certain types of lending fraud-especially FHA fraud, falsified lien releases and multi-closing-criminals are moving on down the road in targeting smaller credit unions.
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MT. PROSPECT, Ill.-With all the press regarding high-tech financial theft involving hacking, skimming devices and spoofed websites, many credit unions overlook a form of fraud that is as old as paper money: counterfeit currency.
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LAKE SUCCESS, N.Y.-Looking to beat fraud in indirect lending? Get nosey, recommends one pair of observers.
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NORTH CANTON, Ohio-One executive who spoke to Credit Union Journal warned that just because the big banks have gotten better about protecting their ATMs from skimming devices doesn't mean that those criminals "drop their criminal devices and go get day jobs; they continue to use those devices, but in different places."
August 15 -
RIVERWOODS, Ill.-"Card Not Present," or CNP fraud continues to vex credit unions, notes one observer, who called it one of the most worrisome fraud trends of the day.
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LOS ALTOS, Calif.-The most prevalent approach today to online security and fraud prevention is not working, said one executive who spoke to Credit Union Journal.
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DEERFIELD BEACH, Fla.-With credit unions struggling to boost loan volumes, one of the few bright spots for many has been auto lending. But car loans bring with them a potential increase in vehicle-related fraud, reminds one person.
August 15