ST. PETERSBURG, Fla.—It’s time to pay attention to the European Union’s General Data Protection Regulation (GDPR) and prepare for its impact on financial institutions in the U.S., says one expert.
LAKE FOREST, Ill.—Banks’ share of the checking market continues to decline, losing more ground to credit unions and now even to fintechs, according to a new report that forecasts even greater shifts are on their way.
VIENNA, Va.—For the first time in world history, a credit union has surpassed $100 billion in assets—and it continues to grow at a record pace.
CHICAGO–As Earth Day 2019 approaches, credit unions continue to invest in more environmentally friendly approaches, from LEED-certified branches to recycling efforts to work-from-home opportunities—yet one environmentally unfriendly practice persists—the mailing of paper statements—a practice driven in large part by a surprising group of members.
WASHINGTON—The new Trump Administration memo requiring independent federal agencies to submit any rules or guidance for review ahead of approval will limit NCUA’s authority and its ability to move quickly to address the movement’s needs, according to four former NCUA chairmen and board members.
EDWARDSVILLE, Ill.—One credit union is contending more can be earned in debit interchange if member incentives are tied to total monthly spend rather than total monthly swipes.
SAN DIEGO–A new company founded by students at Duke University that is introducing an app to help credit unions with students even younger than themselves has won The Next Big Idea competition here staged by the National Association of CUSOs.
SAN DIEGO–As a six-year-old boy laying on the floor of his home while his family watched a Dallas Cowboys game on TV, Emmitt Smith looked at his father and said, “Someday I’m going to play for the Cowboys.” Fourteen years later, he was wearing a star on his helmet. What happened in-between those years were shared by Smith in remarks before credit unions here.
ST. PETERSBURG, Fla.—Will credit unions someday distribute loans through a member’s debit card?
GLASTONBURY, Conn.—Credit unions often express fear over the threat from artificial intelligence, but one person says the wealth of data credit unions have on their members will make CUs stronger competitors to big banks and fintechs in the coming years.