HOUSTON – Two women who formerly worked at a credit union have been ordered to federal prison following their conviction for embezzling from Space City Credit Union.
Fresh Today
MINNEAPOLIS—U.S. banks and credit unions are feeling more confident in their ability to meet compliance demands, but there remains a core number of common compliance and risk challenges facing financial institutions, according to a new study.
TOKYO—Nations across the globe are working on digital currencies, with Japan the latest to dip its toe in the water.
FRANKFURT, Germany—The European Central Bank (ECB) is considering launching its own cryptocurrency if the private sector fails to create an efficient solution for cross-border payments, and if cash usage drops, according to a new paper published by the ECB.
NEW YORK–Although the most recent jobs report exceeded nearly everyone’s expectations and unemployment is at record lows, a new survey of large companies finds a majority expect to reduce headcount over the next 12 months.
WASHINGTON—The House Financial Services Committee advanced two bills out of its markup this week related to minority depository institutions (MDIs).
WASHINGTON—On a seasonally-adjusted basis, overall consumer prices increased 0.3% in November following a 0.4% rise in October.
NAPERVILLE, Ill. —The Illinois Credit Union League and its subsidiary, LSC, have announced an additional $350,000 contribution to underwrite CUNA’s Open Your Eyes to a Credit Union campaign in Illinois.
DENVER–The CUSO CU Ledger is reporting three credit unions have successfully implemented its MyCUID as part of a pilot program.
ALBUQUERQUE, N.M.–First Financial Credit Union has broken ground on a what will be a much larger new headquarters building here.