Judge rules NCUA does not owe fired CEO severance pay
A federal judge in Michigan ruled Monday that the NCUA does not owe more than $300,000 to James Perna, a 42-year credit union president/CEO who was fired when Detroit’s Health One Credit [...]
News Archives
Headlines and perspective: Facebook cryptocurrency
Facebook is planning to launch a cryptocurrency, run by the nonprofit Switzerland-based Libra Association in 2020, backed by some of tech’s biggest names. The focus is on financial inclusion for all. How it Works [...]
Do you know where your report data is? Security for your PCI reports
A typical credit union downloads its report bundles, daily from its processors. Usually the only option is to store those highly sensitive PCI report bundles on a network drive, with some level of appropriate user [...]
Overcoming collections challenges with integrated solutions
Collections plays a critical role in your institution’s financial health. While delinquency rates can be cyclical, rising and falling as the economy shifts, for lenders, it’s critical to keep themselves in a position [...]
Let’s taco-bout Burger King
Burger King (BK) announced it is adding tacos to its menu. The second largest fast food chain in the world, with a menu that consists primarily of burgers and chicken sandwiches, is going rogue and [...]
Expert advice from analytics debuts and do-overs
Callahan & Associates premiered its Executive Roundtable program in 2011, gathering small groups of credit union leaders to network, brainstorm, and commiserate with peers during two-day getaways held throughout the country. Since then, these gatherings [...]
3 ways to be an inspirational leader
A great way to achieve success is to inspire. If your employees aren’t inspired, it will be a lot harder for them to achieve greatness. Here are three ways you can inspire your employees… [...]
Is crypto the credit union killer?
Blockchain and crypto and Bitcoin – oh, my! Faced with the reality of the cryptocurrency revolution, a lot of credit unions are acting like Dorothy and her friends tiptoeing through the forest, fearful of what lies [...]
Respectfully. Yours.
For Seven Seventeen Credit Union, the data – and listening to members – affirmed that a brand refresh was the right strategy. As Seven Seventeen Credit Union mapped a strategy for growth – encompassing new markets and a [...]
ATM interchange
I know right?! You’d rather watch paint dry then try to understand how network routing and interchange works… It’s part of a cloudy payments mystery. It’s not surprising that many of the [...]
Compliance: Effective dates for CFPB’s payday rule
CUNA’s Compliance team has received a number of questions regarding which provisions of the Consumer Financial Protection Bureau’s short-term, small-dollar (payday) loan rule are delayed and which will become effective in August. In [...]
Resources available for CUs affected by Tropical Storm Barry
As Tropical Storm Barry hits the Gulf Coast, the NCUA urged credit unions in its path to be safe and take precautions. There are a number of resources available to credit unions and consumers affected [...]
Lending Perspectives: Our role in solving the student loan crisis
Recently, a group of credit unions that made private student loans to consumers who attended ITT Technical College were ordered to pay $7 million to finalize a previous settlement. This $7 million was on top [...]
Former CU employee faces October sentencing for theft
A former credit union employee will be sentenced in October after he admitted to stealing tens of thousands of dollars from members, including one who died three years ago. Bradley J. Hampton, 37, a former [...]
Cash is king: ATM notices
While cryptocurrencies and digital payments apps are all the buzz lately, the need for access to quick hard cash seems to never go away. Among the many great services that credit union’s provide, a [...]