HARRISBURG, Penn.—One CU recently found a way to stop a card cracking ring from targeting its members—it engaged in a sting operation with local police to capture two of the crooks.
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CHESTERFIELD, Mo.—Most financial institutions will abandon the password as a means for customer/member authentication and turn to “more secure” approaches that don’t rely on existing data that can be stolen, according to one forecast.
LOMBARD, Ill.—Expect economic growth to be stronger in 2017 than in any year since 2005—but also expect that good news to be tempered by some fundamental problems that will still plague the economy.
WAIKOLOA, Hawaii–They remain an enormous component of credit unions, but they are also often largely invisible. So CUToday.info asked, “What do credit union board members have to say about why they volunteer their time, their roles, where they see challenges, and what might lie ahead?
LAKE FOREST, Ill.—Only 18% of financial institutions operate “efficiently,” according to a new report that offers insights into what the most efficient FIs have in common.
SCRANTON, Penn.—Many credit unions have only themselves to blame when it comes to limited growth, especially in lending, according to one CEO.
BIRMINGHAM, Ala.—The advance notice of proposed rulemaking related to a supplemental capital rule that was just OK’d by the NCUA is a “first step” that will strengthen the credit union system and better protect the share insurance fund from losses, asserts Dennis Dollar.
LAKE FOREST, Ill.—When it comes to getting a loan, consumers and small businesses are still feeling the impact of the Great Recession, according to a new study that shows bank, thrift and CU loan-to-asset ratios have not come back since the economy faltered.
TAMPA, Fla.—Get ready for consumer use of P2P to take off this year, but don’t expect wearables to gain much traction. Tom Davis, CSCU’s senior vice president of finance and technology, and Lou Grilli, director of payments strategy, shared their payments forecast with CUToday.info.
TAMPA, Fla.—Look for 2017 to bring some big changes in payments, most especially “checkout-less shopping” and a fintech bank. But also watch for consumers to start pushing back against all the changes.