AUSTIN, Texas—A new report indicates that cybercrooks are targeting the financial services sector with increasing sophistication—more so than other industries—and that many FIs rely too much on cybercrime insurance to defend the bottom line against growing attacks.
THE news
MONTREAL, Quebec—To avoid the costs of doing a mass reissue of the card base by the Oct. 1 liability shift deadline, some credit unions are taking a very targeted approach to converting to EMV.
MONTREAL, Quebec–Credit unions were urged to develop closer relationships with other co-operatives, although as discussion made clear, many CUs know little about their fellow co-ops.
MONTREAL, Quebec–The director of NCUA’s Region 1 said he believes credit unions are now headed in the right direction when it comes to the financials. But the good news did not keep credit union reps from nevertheless peppering him with some tough questions about the agency’s practices.
MADISON, Wis.–Is a credit union director worth the cost of a well-used Honda Civic? The Filene Research Institute is examining that question in a new study that examines what it acknowledges is a “divisive” issue, that of credit union board compensation.
ORLANDO–Credit unions in Florida may be aware of the growing Hispanic population in the U.S., but CUs in Alabama were told they may be surprised at the growth of the same population in their state.
MADISON, Wis.—CU auto loans are growing at a record pace, while CU lending overall is at its fastest in a decade, according to CUNA Mutual Group’s June Trends Report.
OAKLAND, Calif.–Two charities are a little bit richer as the result of a bet by two credit unions on the NBA Finals.
WASHINGTON – CUNA has sent a letter to NCUA formally outlining its recommendations for reforms to field of membership for federal charters. In the letter, CUNA suggests conducting field of membership reform by breaking changes down into three categories.
MADISON, Wis.–Summit Credit Union drew nearly 2,000 people to its “Member Fest” here.