Small business loan approval rates on the rise

A decade after the market crash, small business lending has made a turn-around, which can be attributed, in part, to the strong economic growth in the U.S. Business loan approval rates are on the uptick, according to Forbes: “These smaller banks granted 49.8 percent of the funding requests they received in August, up one-tenth from […]

LSCU BSA Workshop planned in Mobile

Do not miss your chance to attend a Bank Secrecy Workshop before the end of this year! The LSCU BSA Workshop is being held at Azalea City Credit Union in Mobile, AL on Oct. 9 and provides an overview of credit union specific BSA regulations, as well as assists credit unions in remaining compliant with BSA […]

CUNA launches ‘Credit Unions Vote’ to encourage CU members to go to polls

Credit Union National Association (CUNA) is launching “Credit Unions Vote,” a campaign focused on getting credit union members to vote in the November elections. The credit union movement fosters an environment of community involvement and is encouraging members to make their voice heard with their vote. The goal of the campaign is to ensure consumers […]

Suncoast CU, Innovations FCU earn CDFI grants

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced grants and loans to 302 organizations, including a grant to Suncoast Credit Union for $950,000 and a grant to Innovations Federal Credit Union for $500,000. Forty-eight credit unions were given CDFI awards this year for a total of $34.5 million. Among these are […]

Wireless carriers propose new online authentication method

Mobile giants think they have the answer to online authentication and have offered the idea of “Project Verify,” a new authentication initiative. According to Krebs on Security, the task force, including AT&T, Sprint, T-Mobile, and Verizon, say mobile verification is “a way to give consumers both a more streamlined method of proving one’s identity when […]