Former CU Employee Sentenced to Prison for Stealing More Than $500,000; NCUA Issues Prohibition Order Against Another Former Employee 10/31/2023 07:21 pm PERRYSVILLE, Ind.–Laurie Allen, a former employee of Vibrant Credit Union, has been sentenced to five years in prison and ordered to pay more than $510,000 in restitution after pleading guilty to theft.
CUs Seeing More OD Volume Growth Than Banks 10/31/2023 07:15 pm LAKE FOREST, Ill.—Overdraft volume continues to rise as price for the service continues to fall, according to a new study that also reveals credit unions are seeing more significant volume increases than banks—data one economist says counters criticisms that have appeared in national media recently chastising CUs’ overdraft practices.
Provincial Government Partnering With CUs On Two-Year Pilot to Help Small Biz 10/31/2023 07:18 pm ST. JOHN’S, Newfoundland–The provincial government of Newfoundland and Labrador has entered into a partnership with credit unions on a two-year pilot program to help small business.
Loan Service Center Enters Into Partnership With Millennium Capital & Recovery 10/31/2023 07:19 pm WYOMISSING, Penn.— The Loan Service Center (TLSC), which is a unit of PSCU, said it has entered into a partnership with Millennium Capital and Recovery Corp., which provides asset repossession management solutions.
UK Finance Minister Says Country Will ‘Probably Need’ a Digital Currency 10/31/2023 07:18 pm MANCHESTER, England—Great Britain’s finance minister, Jeremy Hunt, said the Bank of England would "probably need" to issue a digital currency, although the issue was still being discussed with the central bank.
With CUs, CUSOs Exploring, Investing in AI, White House Issues Sweeping AI Executive Order 10/31/2023 05:50 pm WASHINGTON–With credit unions, CUSOs and their vendors all investing in artificial intelligence (AI) and experimenting with the technology, President Biden has issued a sweeping AI executive order.
VyStar Concludes 'Good is everywhere' Celebration 11/02/2023 01:04 pm JACKSONVILLE, Fla. — VyStar Credit Union recently concluded its “Good is everywhere” celebration, a two-week blitz dedicated to volunteerism and member appreciation events.
National Credit Union Foundation Makes Staffing Moves 11/02/2023 01:31 pm MADISON, Wis. – The National Credit Union Foundation has made some staffing moves.
64 CUs Participate in Michigan's CU Kind Day 11/02/2023 11:34 am LANSING, Mich.–On CU Kind Day, a tradition that seeks to showcase the credit union difference through donations and volunteering across Michigan, 64 credit unions participated.
