Dorety to retire, slated to receive LSCU Distinguished Service Award

LSCU salutes the dedicated leadership of Tom Dorety, President/CEO of Suncoast Credit Union in Tampa, who today announced his retirement. Dorety’s decision to leave the helm of the largest Community Development Financial Institution (CDFI) in the nation brings to a close an outstanding 40-year career in service to credit unions. “Tom’s leadership on the local, […]

Senate Banking Committee will not confirm McWatters’ nomination

Sen. Richard Shelby (R-Ala.) announced yesterday the Senate Banking Committee will not consider the nomination of NCUA board member J. Mark McWatters to the Export-Import Bank board. As a result, the only way McWatters could be confirmed is for Senate Republican leaders to decide to take the nomination directly to the Senate floor. Shelby said […]

New fintech index ranks millennial-friendly credit unions

California-based Shastic has introduced an “innovation index,” known as the Shastic Index, that will score financial institutions on innovation, particularly on user satisfaction and performance across new digital channels, such as mobile banking and social media, says an article in CU Journal Monday. The quarterly index is designed to help financial institutions better engage their […]

2016 Alabama Legislative Session ends with unresolved bills

With the 2016 Alabama Legislative Session officially over, legislators are now back in their districts and taking time to look back at what was accomplished during the last four months. Opinions will vary between legislators and constituents, but the one thing that can be said by all is that Alabama lawmakers did pass two balanced […]

Financial institutions face cyber threat from infamous hackers

Credit unions and banks around the world should be aware of possible cyber attacks in the coming days. Financial organizations are under threat from the hacker group, “Anonymous,” that struck the Greek central bank’s website earlier this week, says an article on CU Journal. The group warns the next 30 days will be grim for […]

Poll shows college students need to study credit card basics

Based on a recent survey, college students in the U.S. will leave the halls of higher education none-the-wiser about responsible credit card use. LendEDU, a marketplace for student loans and loan refinance, conducted the April survey at three, four-year universities. Researchers learned that while 38.5 percent of students polled currently have a credit card, many […]