SALT LAKE CITY–Prodigy, a CUSO that provides core data processing and cloud infrastructure solutions, is reporting that despite the pandemic it has seen increased demand for its products and services throughout 2020 and 2021. As a result, the CUSO reported t has increased staffing by 44%.
WASHINGTON–The ways technology is changing as well as evolving attitudes about workplace preferences has led the Federal Reserve to launch an effort aimed at investigating what it means to its supervisory functions.
MADISON, Wis.–In conjunction with International Credit Union Day on Oct. 21, The World Council of Credit Unions said it will host a webinar, “Building Financial Health for a Brighter Tomorrow.”
The webinar is scheduled for 10 a.m. ET.
COLUMBIA, Md.–Sen. Chris Van Hollen (D-MD) helped to kick off the MD|DC Credit Union Association’s annual Climb the Capitol event, which was held virtually.
PLANO, Texas– The digital user experience with a financial institution is now the most essential aspect of banking, according to a new survey of bank customers and CU members that also found FI perception and consumer expectations are not always aligned.
LOS ANGELES– Zest AI, a provider of AI-powered software for underwriting, said it has received registered status as a CUSO and received an equity investment from the Curql Fund, the largest venture fund for the CU industry.
WASHINGTON–A bank CEO who testified on behalf of the American Bankers Association before the House Subcommittee on Consumer Protection and Financial Institutions on Wednesday mentioned credit unions only in the context of the competitors in his market.
MADISON, Wis.—The slowdown in auto sales due to supply issues led to slower credit union loan growth in the year ending June 2021, compared to the same period in 2020, CUNA Mutual Group’s latest Trends Report reveals, adding that indirect auto is the culprit.
WASHINGTON—Senator Tommy Tuberville (R-AL) is the latest to join efforts to block the IRS proposal that would require financial institutions to report on transaction data and account balances.
WASHINGTON—Privacy and data security concerns are among the top issues with proposed increased IRS reporting requirements for financial institutions, CUNA wrote to Sens. Tommy Tuberville (R-AL) and John Thune (R-SD) Tuesday in support of their bill that would prevent a proposal requiring financial institutions to report large amounts of account information to the Internal Revenue Service (IRS) from being implemented (see related story).
