WASHINGTON—Forty-two senators, all Democrats, have sent a letter to Congress urging Senate Banking Committee Chairman Richard Shelby (R-AL) to schedule a vote on the confirmation of Export-Import Bank board nominee Mark McWatters, currently one of the two NCUA board members.
BENTONVILLE, Ark.—Walmart is moving quickly to expand the availability of its Walmart Pay digital wallet.
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.
SPOKANE, Wash.—A member inside a branch of Spokane Teachers CU allegedly shot and wounded a robber during an attempted heist.
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.
ORLANDO–FAIRWINDS Credit Union here said it is partnering with PSCU to convert the credit union’s credit and debit portfolios.
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.
TOMAH, Wis. – The $50-million Tomah Area Credit Union has named a new CEO to succeed John Laufenberg.
