MONTREAL, Quebec—CUs, on average, are paying $964 annually for individual volunteer training, according to the 2015 NAFCU Executive Compensation and Benefits Survey.
DENVER – Giving rampant fraud in many payments systems, credit unions would be best served by featuring a combination of tokenization and authentication to secure sensitive information and validate member identification, according to one person.
DENVER – Up next for Gen Y and MIllennials? Wealth management. While most of the attention around both demographic groups continues to focus on introductory financial products, Gen Y has entered its prime earning years, as has the front edge of the younger Millennials.
DENVER–Middle America is a mighty large group. But new research has sliced that enormous population into some small pieces and, in turn, offered strategies for better understanding and anticipating member behavior.
DENVER—Credit unions, and especially banks, have spent too much time in recent years pushing consumers away from the branch, says one analyst who indicates there’s an opportunity to begin bringing them back.
KNOXVILLE, Tenn.—Authorities are investigating any potential links between the kidnapping of a bank employee here earlier this week and the kidnapping/extortion at Y-12 FCU in Oak Ridge, Tenn., in April.
NAPERVILLE, Ill.–The Illinois Credit Union league and the state of Illinois have announced a partnership that will provide loans to state workers who will likely miss paychecks beginning today.
AUSTIN, Texas—A new report indicates that cybercrooks are targeting the financial services sector with increasing sophistication—more so than other industries—and that many FIs rely too much on cybercrime insurance to defend the bottom line against growing attacks.
MONTREAL, Quebec—To avoid the costs of doing a mass reissue of the card base by the Oct. 1 liability shift deadline, some credit unions are taking a very targeted approach to converting to EMV.
MONTREAL, Quebec–Credit unions were urged to develop closer relationships with other co-operatives, although as discussion made clear, many CUs know little about their fellow co-ops.