NCUA’s Metsger examines cybersecurity in board meeting

During a public briefing at yesterday’s board meeting, the National Credit Union Administration (NCUA) said the combination of technological innovation, expansion of social media, and growing interconnectivity are causing concern about credit unions’ cybersecurity efforts. Representatives of the agency’s Office of Examination and Insurance said the changing landscape of cybersecurity carries “more sophisticated” risks and […]

Awareness quickly increasing of mobile payment services among mobile users

In only a few months’ time, awareness of Apple Pay has increased 15 percent among users owning compatible devices. During the same time period, awareness in Android users for Android Pay jumped nearly 20 percent research collected by First Annapolis Consulting recently reported. Users reported an average satisfaction rating of 4.4 for each of the three mobile […]

ICBA files suit against NCUA over MBL

The Independent Community Bankers of America filed suit in federal court yesterday, challenging the NCUA’s new MBL rules, contending that the regulations allow credit unions to exceed limitations on business loans that were established by Congress. In the suit, the ICBA asks that the rules be voided and states that the agency is reducing regulatory oversight, while […]

VyStar Credit Union CEO tapped for Fed Community FI Council

Terry West, president/CEO of VyStar CU, of Jacksonville, FL, was one of three CUNA members named by the Federal Reserve board of governors to the Community Depository Institutions Advisory Council earlier this week. West has been part of the credit union movement for more than 30 years. He joined VyStar (then Jax Navy) in 1988 and […]

LSCU joins Purple Heart Homes, encourages CUs to help military veterans

LSCU announces its support of Purple Heart Homes, a national public charity based in Statesville, N.C. The organization is committed to ensuring quality of life solutions for disabled American Veterans from all eras. Credit unions participating in Operation Veteran Home Renovation will identify older veterans whose homes need ramps, grab bars, railings, a yard clean-up, […]