NCUA staff Thursday presented a high-level snapshot of the steps the agency must take to authorize credit union use of supplemental capital, demonstrating a clear interest in deepening its investigation of a potential proposal.
Increased efficiency, security, and speed. These are the primary benefits credit unions could realize by developing a network based on blockchain. Rich Meade, CUNA chief operating officer, presented the possibilities for credit unions at America’s Credit Union Conference Wednesday.
The Cornerstone Credit Union League unveiled a multi-state awareness campaign Tuesday that aims to bring new members into the movement by communicating the benefits of credit union membership. The league and CUNA have committed to working collaboratively as both of their awareness initiatives progress.
Last month, Gary Fisher, senior recruiter at the Atlanta-based Delta Community CU, was joking about a student from Delta’s apprentice program one day becoming president/CEO. But Fisher quickly stopped himself because, really, is it all that far-fetched, considering where the program has already taken many of its participants?
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.