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NEW YORK–The former president of a now defunct credit union that specialized in taxi medallion loans who was found guilty of committing one of the largest and long-lasting frauds in credit union history, with allegations including the personal approval of more than $185 million in questionable loans, has been sentenced to 46 months in prison.

GRAND RAPIDS, Mich.–How many more employees is NCUA going to have to hire?, one trade group is asking Congress.

PLANO, Texas– The digital user experience with a financial institution is now the most essential aspect of banking, according to a new survey of bank customers and CU members that also found FI perception and consumer expectations are not always aligned.

WASHINGTON–The ways technology is changing as well as evolving attitudes about workplace preferences has led the Federal Reserve to launch an effort aimed at investigating what it means to its supervisory functions.

COLUMBIA, Md.–Sen. Chris Van Hollen (D-MD) helped to kick off the MD|DC Credit Union Association’s annual Climb the Capitol event, which was held virtually.

WASHINGTON–The American Bankers Association has launched a digital broadside against credit unions called “Reform Credit Unions.”

WASHINGTON—Marshall Boutwell, President and CEO of Georgia-based Peach State FCU, has received the highest award Poland gives to non-citizens for his support of the country’s credit union movement during a ceremony at the Polish Embassy.

SALT LAKE CITY–Prodigy, a CUSO that provides core data processing and cloud infrastructure solutions, is reporting that despite the pandemic it has seen increased demand for its products and services throughout 2020 and 2021. As a result, the CUSO reported t has increased staffing by 44%.

MADISON, Wis.–In conjunction with International Credit Union Day on Oct. 21, The World Council of Credit Unions said it will host a webinar, “Building Financial Health for a Brighter Tomorrow.”
The webinar is scheduled for 10 a.m. ET.

TACOMA, Wash.–CU Strategic Planning is reporting its HERO Community Development Certified Financial Counseling program has been updated to be more interactive, help community development financial institutions better track employees’ progress through the training, and empower front-line staff to better assist low- and moderate-income consumers.