La Pine speaks out on need to repeal Durbin Amendment

LSCU president/CEO Patrick La Pine’s recent article published in Florida Politics on the Durbin Amendment and why the amendment should be repealed has gotten the attention of media outlets in the industry. Highlights from his comments include: Six years ago, the financial world experienced the reorganization of Wall Street and a last-minute addition of the […]

Family Security Credit Union to purchase Bank of Pine Hill

Family Security Credit Union has negotiated the purchase of the Bank of Pine Hill, located in Pine Hill, AL. The $580-million credit union will purchase substantially all of the assets and assume the deposits of the $25-million bank in a deal expected to take place in the first quarter of 2017. Approval from state and […]

Possible choices for payments technologies on the horizon

Emerging trends on the horizon for future payments technology are possibilities for credit unions, while there remains much work to be done to make these relevant to members. Here is a sneak preview of some evolving trends that might make it to the marketplace: Doing the talking Biometrics is one area of research in the […]

CUAid, Southeastern Credit Union Foundation give to Louisiana

As Louisiana struggles to recover from massive flooding that hit Baton Rouge and the surrounding areas, the National Credit Union Foundation (NCUF) activated CUAid, the online disaster relief system, one week ago. Since then, it has collected more than $53,000 in donations to help CU employees. The flooding continues, and more help is needed. To show […]

Data breach numbers climbing for 2016

Eddie Bauer reported last week that its point-of-sale systems at the company’s retail stores were compromised in a malware attack that enabled “unauthorized parties” to gain access to payment card information. Transactions with the company’s online store were not affected by the breach. The announcement from Eddie Bauer comes just a few days after an announced […]