NCUA sends RBC report to Congress

The NCUA sent the House Financial Services Committee a 228 page document outlining the need for a risk-based capital (RBC) rule. NCUA Chairman Debbie Matz let the committee know in October that she would send the report after three members of the committee, including Rep. Bill Posey (R-FL), sent a letter asking the agency to […]

Fraud detection with new EMV technology

With EMV technology making its way into the U.S. marketplace, American consumers can finally breathe a sigh of relief at checkout. Or can they? LEVERAGE partner CO-OP Financial Services takes a look at what credit unions should be on look out for while the technology is being transitioned away from magnetic strip machines. While the […]

Unemployment rate continues downward trend in Alabama and Florida

Unemployment numbers for Alabama and Florida continued a downward trend in October. Alabama saw its rate drop to 5.9 percent which is a .3 percent change from October 2014. In Florida the rate dropped to 5.1 percent which is a .7 percent change from Oct. 2014. Also in October, Florida created 36,000 new jobs which […]

A global financial literacy test finds that just 57 percent of adults in U.S. are financially literate

According to the first-ever S&P Global FinLit Survey, a detailed and comprehensive analysis of worldwide financial literacy by the World Bank, Gallup, and George Washington University, just one-third of the world’s population is financially literate. On a country-by-country basis, Norway, Denmark, and Sweden tied for first place, with 71 percent of their population ranking as […]

Save the date for 2016 Alabama and Florida State GACs

The dates and locations for the 2016 Alabama Credit Union Association State Governmental Affairs Conference and the 2016 Florida Credit Union Association State Governmental Affairs Conference have been set. Mark your calendars to attend. Alabama State GAC (Registration opens Jan. 2, 2016.) April 5-6, 2016 Renaissance Montgomery Hotel & Spa at the Convention Center Montgomery, […]