SALT LAKE CITY, Utah–A ex-teller who returned to his former credit union—this time as a robber—has been sentenced to nine years in federal prison.
Fresh Today
SAN LUIS OBISPO, Calif.— SESLOC FCU has launched a new “Local Rewards” program it said is designed to incentivize members to shop at select local businesses, including a variety of grocery stores, restaurants and retail shops.
ROSEVILLE, Calif.–Two credit unions are sharing a newly opened branch here.
SAN FRANCISCO—Unifimoney Inc., a digital wealth management platform for community banks and credit unions, has announced a $10-million seed round, including an investment from a bank trade association.
BASEL, Switzerland—Both the Financial Stability Board (FSB) and the International Monetary Fund are warning the war in Ukraine could be leading to “acceleration of cryptoization in emerging markets.”
MADISON, Wis.–Credit union loan balances rose 1.1% in February, faster than the 0.2% reported in February 2021, even as membership growth slowed significantly during the first two months of 2022, according to data released as part of CUNA Mutual’s April Trends Report.
WASHINGTON—NAFCU joined Inclusiv in a letter to NCUA Chairman Todd Harper requesting assistance with the Community Development Financial Institution (CDFI) certification process based on the Other Targeted Population (OTP) standard.
ALEXANDRIA, Va. –NCUA issued two prohibition orders and one notice of prohibition during April—including against one former CEO and one former employee guilty of an online scam—which prohibit the individuals from participating in the affairs of any federally insured depository institution.
WASHINGTON—FinCEN should modernize and streamline suspicious activity reports (SARs) and records, which will help better identify financial crimes, NAFCU said.