CHICAGO—A new study shows that despite the growing number of data breaches impacting Americans, consumers this holiday shopping season do not plan to hold back on using their credit cards.
Fresh Today
NEW YORK—The National Federation of Community Development Credit Unions testified before the Assembly Subcommittee on Banking in Underserved Communities in New York City on the Federation's “Borrow and Save” program. The hearing examined the establishment of a Borrow and Save pilot program in New York State.
ALEXANDRIA, Va.—NCUA has issued prohibition orders against three people:
SEATTLE—A two-year study of several-hundred thousand members of Generation Y (also known as Millennials), Generation X and Baby Boomers has found that the younger the person, the higher their rate of underemployment relative to education.
TOPEKA, Kans.—Karolyn Stattelman, former manager of Jayhawk FCU, was sentenced in U.S. District Court here on embezzlement charges. Stattelman was sentenced to supervised release for three years and ordered to pay more than $173,600 in restitution.
MADISON, Wis.–The CUNA CFO Council is seeking nominations for its inaugural CFO Awards, which will honor credit unions and individuals demonstrating financial management excellence.
FERGUSON, Mo.—Although Ferguson experienced another night of violent protests Tuesday, Alliance CU plans to open the doors of its branch here Friday.
WASHINGTON – The Financial Crimes Enforcement Network (FinCEN) has assessed a $300,000 civil money penalty against a $4-million CU that during 2013 did $1.01 billion in outgoing wires and $984 million in remotely captured deposits.
WASHINGTON—Commercial banks and savings institutions insured by the FDIC reported aggregate net income of $38.7 billion in the third quarter of 2014, up $2.6 billion (7.3%) from earnings of $36.1 billion the industry reported a year earlier.
WATERLOO, Iowa – Veridian Credit Union joined with the United Auto Workers (UAW) Local 838 to host the Annual Mike and Leona Adams Thanksgiving Dinner here this week, which provided a free hot meal to more than 565 people. The Northeast Iowa Area Agency on Aging delivered an additional 350 dinners to its current Meals On Wheels recipients, meaning more than 900 people were fed this year.