Fresh Today

Fresh Today

WASHINGTON—If broadly adopted by the world’s financial institutions, the blockchain that is at the root of digital payments such as bitcoin could cost recordkeeping professionals in the financial sector their jobs, one analysts is predicting.

WASHINGTON–In conjunction with the International Co-operative Alliance and Domains.coop, the National Cooperative Business Association and CLUSA International said they are launching a consumer awareness initiative specifically for cooperatives, “OwnIt: Your Work. Your Identity.”

ROCHESTER, N.Y.–A former credit union employee has been sentenced to time served plus two years of supervised release after being convicted of stealing tens of thousands of dollars from ATMs.

HAUPPAUGE, N.Y.—GrooveCar is expanding service for its leasing product, CU Xpress Lease, extending to the West Coast via a partnership with Credit Union of Southern California in Anaheim.

ALEXANDRIA, Va.– Median loan growth in federally insured credit unions was 4.1% during the year ending Sept. 30, 2015, and all states reported positive growth, according to state-level data compiled by NCUA.

BENTONVILLE, Ark.–Walmart announced it is now rolling out Walmart Pay, a smartphone-based payment solution that the company said will work with all credit and debit cards, as well as its own gift cards.

NEWPORT BEACH, Calif.­—The National Association of CUSOs (NACUSO) said it has been informed by NCUA that by the end of the week of Dec. 14 the agency will have sent a hard copy letter to all CUSOs regarding the CUSO Registry it is creating.