Fresh Today

Fresh Today

MADISON, Wis./RANCHO CUCAMONGA, Calif.–In the coming year, CUES and CO-OP Financial Services announced they plan to bring a new payments program to the industry, and as part of the effort will honor Stan Hollen, who just retired as CEO of CO-OP.

NASHVILLE—Of the 23 cases of internal fraud at credit unions since 2013, 17 were engineered by the CEO or manager, a clear sign that not all boards are addressing their responsibilities in overseeing employee theft, reports one analyst.

TORONTO-Canada has its first federally chartered credit union. The charter comes four years after the federal government in 2012 created legislative framework that will allow for the establishment of federal credit unions.

WASHINGTON—Credit unions are not allowed to pull credit reports for cross-selling purposes, with one limited exception, according to the Fair Credit Reporting Act (FCRA) and CUNA’s compliance staff.

NASHVILLE—Already challenged to keep up with technology solutions? One person said credit union executives should hold on, because a “tsunami” of new technologies is developing that will transform financial services.