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ACUA removed from Agency Funds Transfer Bill

The League announced on April 11 that a portion of legislation seeking to allow for the transfer of funds from multiple off-budget agencies including the Alabama Credit Union Administration (ACUA) into the General Fund was removed during the committee process. ... More

CMG risk manager: CUs among targets from breach

The number of credit unions affected by the Global Payments data breaches could number into the hundreds, although the exact number or amount of fraudulent transactions is not yet known, said a CUNA Mutual Group security expert.... More

WOCCU welcomes new members from Colombia, Moldova

World Council of Credit Unions last week welcomed Colombia and Moldova as new members.... More

Diversification aids CUNA Mutual's bottom line

CUNA Mutual Group posted stronger-than-expected results in 2011, positioning itself to withstand continuing economic pressures in 2012. The company said its bottom line was bolstered by the performance of its credit union businesses and diversification.... More

CUNA Mutual: Data breach ups exposure to phishing

CUNA Mutual Group is advising credit unions to warn their members about the potential for increased phishing attacks on the heels of a recent data breach at Atlanta-based Global Payments Inc.... More

Alloya, Central Corporate signal intent to merge

The boards of Alloya Corporate FCU and Central Corporate CU have signed a non-binding letter of intent to merge the two corporates.... More

CFPB begins mortgage rule discussions

The Consumer Financial Protection Bureau Tuesday said it is considering a series of new mortgage rules that aim to increase transparency and accountability in the market.... More

NCUA's Myers outlines CU benefits in MarketWatch

Bill Myers, director of the National Credit Union Administration's Office of Small Credit Union Initiatives, discussed credit unions' benefits to consumers, and more complex issues facing small credit unions in a recent MarketWatch interview.... More

Kiplinger slideshow features, '7 CUs anyone can join'

An online slideshow on kiplinger.com features "7 Credit Unions Anyone Can Join," and directs consumers to a link for asmarterchoice.org, the online credit union locator tool.... More

Minnesota CUs launch 'Bankziety' campaign

The Minnesota Credit Union Network has launched its "Bankziety" campaign, a response to consumer frustration with banks and a showcase for credit unions as an alternative.... More

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