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LAKE CHARLES, La. – Southwest Louisiana CU has introduced Kasasa incentive-based free checking and savings accounts.
January 30 -
BATH, Maine – Five County CU is issuing about 3,000 new credit and debit cards after electronic security breaches involving an unnamed retailer and a processing center.
January 30 -
ROCKVILLE, Md. – The National Institutes of Health FCU rolled out a loan program designed to help with weather-related home damages.
January 30 -
OLYMPIA, Wash. – State chartered credit unions may appoint individuals as director emeritus to their boards but may not pay travel, training or insurance benefits for the ad hoc board member, the Washington state regulator said in a new ruling.
January 30 -
TALLAHASSEE, Fla. – The former president of Florida A&M University FCU and a University policy institute director both were sentenced to more than two years in federal prison last week and ordered to pay back $134,000 in Housing and Urban Development grant money they were found guilty of stealing.
January 30 -
WASHINGTON – CUNA on Friday reported its political action committee, one of the most active in Congress, rebuilt its cash reserves last month, which had been drained from more than $1.1 million just before the mid-term elections all the way down to $184,000.
January 30 -
WASHINGTON – Regulators closed four more banks Friday, making 11 failures so far in 2011.
January 30 -
YUMA, Ariz. – Authorities sifting through fraud charges against the former director of business lending at AEA FCU are estimating the scheme will cost the one-time $410 million credit union almost $58 million, pushing the credit union to the brink of insolvency and making it one of the biggest credit union frauds in recent years.
January 30 -
DALLAS The success or failure of the planned resuscitation of Southwest Corporate FCU, liquidated by NCUA along with four other failed corporate credit unions last fall, will depend on whether members of the one-time $14 billion institution agree to pony up new capital as part of a plan to combine the remnants of Southwest with Georgia Central FCU.
January 30 -
IRONDALE, Ala. — Members of Louisiana Corporate CU would not be required to acquire new capital after their corporate is merged into Corporate America CU, under preliminary plans for a merger of the two corporates.
January 28 -
BOSTON — A study on contact data management revealed that the majority of firms in the U.S. still handle at least one aspect of data management manually, leaving them more vulnerable to fraud, errors and redundancies.
January 28 -
BOSTON — A new survey of financial firms finds internal fraud is a significant problem.
January 28 -
NEW YORK — The instant connectivity of e-mail on a mobile device can be a blessing and a curse, especially when it comes to visiting phony websites.
January 28 -
LIVONIA, Mich. — Co-Op Services Credit Union is reporting an increase in financial scams against its members over the last 13 months, with a recent uptick in fraudulent text messages sent to members on Friday evenings.
January 28 -
MADISON, Wis. — Credit unions aren't as prepared as they believe they are to fight off cyber attacks, according to CUNA Mutual Group.
January 28 -
RIVERWOODS, Ill. — Any discussion of fraud prevention with Kevin O'Donnell begins with a disclaimer.
January 28 -
WASHINGTON — It isn't just scammers targeting the credit unions that are engaged in a bit of fraud: it's everyday Americans and their partners.
January 28 -
MINNETONKA, Minn. — As identify theft increases and more plastic is compromised, one vendor contends that instant-issue card solutions can reduce a credit union's potential loss and improve member service.
January 28 -
DES MOINES, Iowa — In fraud as in fashion, sometimes something old suddenly becomes new again.
January 28 -
COLORADO SPRINGS, Colo. — Despite a rise in the number of fraud attempts in the last three years, $3-billion Ent Federal Credit Union is rated a low-risk issuer by Visa.
January 28