VANCOUVER, B.C.—After only 6% of seniors in British Columbia report they’ve been financially abused, but when provided with a list of abusive scenarios that figure rises to more than 40%, according to a new report by Vancity Credit Union.
Fresh Today
ALEXANDRIA, Va.– The number of federally insured credit unions filing late Call Reports in the third quarter was 47, down from 75 tardy credit unions in the second quarter, NCUA reported Tuesday.
MADISON, Wis.—Credit union financial performance improved during the third quarter, with ROA at 0.89%, up six BPs from Q2, and the capital ratio hitting 10.8%, its highest mark in six years. Also worth noting: for first time since the Great Recession, every major loans category is positive year-over-year, and the surge in CU membership is in large part due to surge in auto sales.
ARLINGTON, Va.—Credit unions not embracing digital commerce today risk losing member relationships and payments revenue, one person is cautioning.
LAKE FOREST, Ill.—A new study shows that financial institutions’ profit margins on overdraft services are significantly less than popularly understood when fully loaded functional costs are taken into consideration.
ANN ARBOR, Mich.– Customer satisfaction with banks is down as fees reach new heights, according to a report released today by the American Customer Satisfaction Index (ACSI).
ST. PETERSBURG, Fla.—PSCU said its efforts to detect and prevent payment card fraud on behalf of its 800-plus member-owner credit unions has yielded a fraud loss savings to those credit unions of more than $100 million in declined fraud transactions over the past 12 months.
CLEVELAND, Ohio –John Struna, 52, has pleaded guilty to defrauding the former Taupa Lithuanian Credit Union out of more than $2.3-million.
DOTHAN, Ala.— Five Star Credit Union here is absorbing via merger the $14-million Brunswick, Ga.-based Georgia Coastal FCU.
SOUTHFIELD, Mich.—The Michigan CU League is backing a new billboard campaign in the Lansing, Mich., market that targets lawmakers driving to the state capital as part of an effort to fight a bill that would expand payday lending.