MADISON, Wis.–The Worldwide Foundation for Credit Unions said it has initiated its firstProject Storm Break response to assist credit unions and members hit hard by Hurricane Dorian in the Bahamas—the same country where the disaster relief fund was officially launched just over one month ago.
WASHINGTON—The average total compensation for CEOs at large, state-chartered credit unions with at least $1 billion in assets was $1.16 million for 2017. This is the fourth consecutive year were the average compensation topped $1 million, a new report reveals.
WASHINGTON—Credit union acquisitions of banks, the latest of which CUToday.info reported here, has received some national media coverage.
NEW YORK–Consumer confidence has continued to fall over the past several weeks, according to the Microsoft News-CivicScience Economic Sentiment Index (ESI), which is conducted by Hamilton Place Strategies.
QUAD CITIES, Iowa–Members of two credit unions in different parts of the country were reporting fraudulent card activity over Labor Day weekend, with card skimmers strong suspects in both cases. One CU opened on Labor Day to help resolve the issue.
REDLANDS, Calif.–Alta Vista Credit Union has named a new CEO. The $173-million credit union has named David Justice to lead the organization.
WASHINGTON—With several more high-profile data breaches taking place during August, as Congress returns for its Fall session CUNA is again calling for meaningful data security legislation to be enacted.
CHICAGO–The Defense Credit Union Council inducted three people into its Hall of Honor during its 56th Annual Conference here.
EAST LANSING, Mich.— MSU Federal Credit Union is reporting its Amazon Prime Day card promotion helped drive a record $856,000 in transactions on its cards.
PRESQUE ISLE, Maine–Two Maine credit unions have announced plans to merge. The $248-million The County FCU and the $75-million Penobscot Country FCU said they plan to combine. The credit unions cited increased benefits to members in deciding to make the move.
