WEBINAR: A rewards program that expands to mortgages, auto loans, and more

Did you know that by building loyalty with five percent more members that it would lead to an increased average profit per member between 25 and 100 percent? And those members who are fully engaged bring 37 percent more annual revenue to their primary financial institution than do members who are actively disengaged? LEVERAGE Rewards […]

Credit union bills pass AL, FL senates

Credit unions in Alabama and Florida had a good day in their respective legislatures on Thursday. In Alabama, SB 209, the Alabama Credit Union Act update, sponsored by Sen. Bill Holtzclaw (R-Madison), passed by a 25-0 vote in the Senate. The bill was added to the Senate calendar Thursday morning and was the final piece […]

Thieves stealing IRS PINs and consumer’s tax returns

Krebs on Security is reporting that tax return fraud has not been curbed in 2016 despite safeguards put in place. Consumers who were hit last year were given IRS PINs to help identify that they were the consumer and not a cyber thief. One flaw in that system is that the PIN can be accessed […]

Shelby wins Alabama primary

There were no surprises in the Alabama primary that was held on Tuesday. Senate Banking Committee Chairman Richard Shelby easily won his primary over challenger Jonathan McConnell. Sen. Shelby won 65 percent of the vote to 25 percent for McConnell. The LSCU & Affiliates board of directors endorsed Sen. Shelby last month. Other contested races […]

Alabama Credit Union president talks regulatory burden

CUNA recently commissioned an analysis of the financial impact of regulation on credit unions. In an interview with S&P Global Market Intelligence, Alabama Credit Union’s Steve Swofford spoke about the credit union’s “involvement in the study, the importance of scale, and the tax-exempt status of credit unions.” Swofford, president of the Tuscaloosa-based credit union with […]