Bondi joins AGs in ADA letter

Credit unions across the country have been threatened with predatory litigation from certain plaintiffs’ law firms seeking to profit from ambiguities in requirements for website accessibility under the Americans with Disabilities Act (ADA). While the ADA is important and necessary for the well-being of those protected by it, plaintiffs’ lawyers are exploiting compliance ambiguities to the detriment of all credit unions members. In an effort led […]

Wire transfer scams involving real estate transactions are increasing

The very nature of real estate transactions—large amounts of money transferring between parties—makes them a prime target for criminals. Increasingly, financial institutions and home buyers are falling victim to wire transfer scams connected to real estate closings. According to a warning issued by the Federal Bureau of Investigation, the number of fraudulent wire transfer scams reported by […]

Navigating risks in the lending landscape

Jim Bullard, a risk management senior consultant for CUNA Mutual Group, says risk and lending go hand-in-hand. His column details his perspective. While speaking at a recent credit union league conference, I was asked by an attendee, “Are we going to learn how to be risk-free?” I responded, “If our goal is a completely risk-free […]

CU Happenings – July 20, 2018

Pen Air partners with Manna and first responders to collect 34,707 pounds of food On June 27, Manna Food Pantries announced the results of the second annual Donut Strike to “arrest hunger” in Escambia and Santa Rosa counties. The strike resulted in the equivalent of 34,000 lbs of food or 26,030 meals collected during the […]

NCUA issues $736 million share insurance distribution payments next week

Next week, the National Credit Union Administration will pay dividends for more than 5,700 institutions eligible for the $735.7 million Share Insurance distribution, the agency announced today. Statements will be mailed to dividend recipients this week, indicating the amounts they will receive. An institution that filed a quarterly Call Report as a federally insured credit […]

Foundation offers Bite of Reality App grants

Credit union organizations can now apply for a Bite of Reality App Grant from the National Credit Union Foundation through Aug. 31. The Foundation seeks to distribute up to $50,000 in grant funds to credit union organizations as part of this effort. The RMJ Foundation developed a Bite of Reality App to modernize reality fairs and add […]