From left: Cari Humphries, AVP of marketing, Freedom First FCU, Salem, Va.; Paul Phillips, CEO, Freedom First FCU; and Pete Dzuris, CEO of Northland Area FCU, Oscoda, Mich., CUNA Board member, and chairman of CUNA’s Community CU Committee.
From left: Pam Rowe, board member, BayPort FCU, Newport News, Va.; Monte Crowl, vice president of marketing, BayPort FCU; and Dzuris.
Dzuris and Paul Woodruff, vice president of community development, St. Louis (Mo.) Community CU.
Dan Cumbee, CEO, Dakotaland FCU, Huron, S.D., and Dzuris.
Once the Financial Crimes Enforcement Network’s new customer due diligence rule becomes effective May 11, 2018, credit unions will be required to identify and verify the beneficial owners of business-type accounts.
Atlanta-based Arby’s restaurants has acknowledged a data breach involving approximately a number of its corporate-owned locations, reports Krebs On Security. The breach is estimated to have occurred between Oct. 25, 2016, and Jan. 19.
Federal Reserve Chair Janet Yellen testified before Congress this week, and her remarks match CUNA economists’ prediction of moderate economic growth in 2017. Perc Pineda, senior economist at CUNA, also predicted rate hikes this year.