FL moves bill to exempt CUs from lawsuits

Yesterday, the Florida House Insurance & Banking subcommittee voted unanimously to advance HB 1347, legislation that would exempt credit unions from lawsuits under the Florida Deceptive and Unfair Trades Practices Act (FDUTPA).  The bill, sponsored by Rep. Shevrin Jones (D-West Park), now moves to its only other committee of reference, the House Commerce Committee. The […]

Data breach could impact credit union members in Alabama and Florida

LEVERAGE has received alerts this week from both CO-OP and CSCU regarding a data compromise impacting the restaurant chain Arby’s. Some financial institutions are already seeing fraudulent activity, which may be a result of this breach. The breach, which is still under investigation, is believed to have spanned October 25, 2016 to January 19, 2017. There […]

Speed named new CEO of Mutual Savings Credit Union

Mutual Savings Credit Union headquartered in Selma, AL has named Kendall Speed as its new president/CEO. Speed, who has been with Mutual Savings for more than 15 years, previously served as chief financial officer and executive vice president. Former CEO Douglas Key will remain with Mutual Savings as senior vice president of strategic planning after […]

GTE named Tampa Bay Business Journal Benefactor of Year

GTE Financial Credit Union was recently awarded Tampa Bay Business Journal’s 2016 Corporate Philanthropy Award in its category, as well as the publication’s highest honor, the Benefactor of the Year award. According to GTE Financial, the credit union contributed more than $636,000 to nonprofits and charities last year, along with more than $51,000 in in-kind […]

Tampa Bay Business Journal names USF FCU as 2016 awards finalist

USF Federal Credit Union (USF FCU), headquartered in Tampa, FL  has been selected as a finalist for the Tampa Bay Business Journal’s 2016 Corporate Philanthropy Awards. The 21 finalists will be recognized today at Tropicana Field in St. Petersburg, FL. The Tampa Bay Business Journal’s Corporate Philanthropy program was created to, “spotlight the many corporate-sanctioned […]