Fresh Today

FOSTER CITY, Calif.—Visa has expanded its Fast Track program to the United States. Fast Track aims to speed up the process of integrating with Visa, to allow startups to leverage the reach, capabilities, and security of VisaNet, the company’s global payment network, to scale quickly.

STUDIO CITY, Calif.–A class action lawsuit that is seeking at least $40 million in damages has been filed against former members of the board and the supervisory committee of the now defunct CBS Employees FCU, which was conserved by NCUA earlier this year amid allegations the former CEO had embezzled funds that were twice the reported asset size of the credit union.

BIRMINGHAM, Ala.—Responding to banker criticism of CU acquisitions of banks, Patrick La Pine, CEO of the League of Southeastern Credit Unions, wrote in an opinion piece such purchases are a “win-win” for consumers, communities and the respective financial institutions.

LOS ALAMOS, N.M. –Zia Credit Union has named a new CEO. The $145-million ZCU said it has selected Dwayne Herrera  to lead the organization and replace David Woodruff, who left Zia to become CEO at APL Federal Credit Union in Laurel, Md., in March of this year.