PALM DESERT, Calif.–The California and Nevada leagues presented their highest honor, the Leo H. Shapiro Award for Lifetime Achievement, to Chuck Bruen, CEO of First Entertainment FCU in Hollywood, Calif.
Fresh Today
TALLAHASSEE, Fla.–A Florida law that regulates how merchants process credit card swipe fees and which had the backing of credit unions is a violation of the First Amendment, according to a ruling by the U.S. Court of Appeals for the Eleventh Court.
ARLINGTON, Va.–The strong jobs report for October only adds fuel to the belief the Fed will raise interest rates when it meets next in December.
ABU DUBAI, UAE–Emirates NBD has become the first financial institution in the world to sign on with a new solution that uses a consumer’s phone to confirm a credit card purchase when made outside the consumer’s home area.
PLYMOUTH, Minn.—Credit unions with low risk tolerance and outdated underwriting models that dampen lending volume may soon find themselves out of the lending game all together – especially in the credit card space – according to one expert.
COLORADO SPRINGS, Colo.—Members of Ent FCU have voted to approve switching from a federal to a state charter.
LOMBARD, Ill.—Another expert is advising FIs not to overlook Baby Boomers in the rush to focus on Millennials.
INDIANAPOLIS—The $1.1-billion Elements Financial Federal Credit Union here plans to acquire $4.6-million State Service Credit Union.
COLUMBUS, Ohio–The Ohio CU League said it plans to invest in Plexcity, the league-owned CUSO that offers savings via consolidated back office functions.
PALO ALTO, Calif.—A new study shows that customer experience has the single greatest influence on how consumers decide where to bank.