WASHINGTON–The CEO of Georgetown University Alumni and Student Federal Credit Union has been suspended amid allegations of what’s been described as a “toxic work environment” and “instances inappropriate touching in social settings.”
Fresh Today
ARLINGTON, Va.—Transfer warranties and presentment warranties can affect the model Uniform Commercial Code's (UCC) allocation of loss rules for fraudulent and altered checks, NAFCU is reminding.
WINSLOW, Maine–Two Maine credit unions have announced plans to merge. The $43-million Winslow Community FCU and the $44-million Connected Credit Union said they plan to combine operations. Both boards have signed off on the deal.
ST. PAUL, Minn.– Affinity Plus Federal Credit Union has entered into a new pilot program with Metropolitan State University to offer a two-year MBA program for its employees. Affinity Plus said it will be paying the cost of each employee’s tuition.
PURCHASE, N.Y.—Mastercard and Rabobank are partnering to offer a digital platform to one million farmers in emerging markets. The product will make it easier for farmers to sell produce and build on the Mastercard Farmer Network.
SEOUL, South Korea—Flaws that allow attackers to bypass the payment limits on Visa contactless cards have been discovered by two researchers at Positive Technologies.
SAN JOSE, Calif.—Venmo has added the ability to transfer consumers’ balance funds into a bank account in seconds.
PONTIAC, Mich.–An ATM stolen from a credit union has come to a fitting end—in a cemetery.
UNCASVILLE, Conn.–The Cooperative Credit Union Association has named the winners of its Awards of Excellence. The awards are being presented during the association’s annual meeting at the Mohegan Sun Resort here.
WASHINGTON – CUNA said it has completed beta testing a new “comprehensive compliance solution” for credit unions. It has been testing the new solution in partnership with Quantivate, a software provider specializing in governance, risk and compliance with leagues, and a number of state leagues.