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August 22, 2014

CUNA urges FASB: leave CUs out of credit loss reporting proposal

CUNA reiterated its "strongest opposition" to a Financial Accounting Standards Board proposal involving credit losses in a letter sent to the board today. ReadMore

Look outside narrow window of products for revenue growth: Filene

CU System
There are two sides to every balance sheet, and credit unions that want to remain financially sound now and into the future must start focusing on the revenue side, rather than only cutting back expenditures, according to a recent white paper from Filene Research Institute. ReadMore

CUNA chief accepts chilly charity challenge

CU System
The Ice Bucket Challenge that's sweeping the nation to raise awareness for Amyotrophic lateral sclerosis continued to make its way through the credit union movement Thursday, as CUNA interim President/CEO Bill Hampel had not one, but two buckets of ice water dumped on his head in Washington, D.C. ReadMore

CUs part of CFPB's eClosings pilot program

Two credit unions have been selected as participants for the Consumer Financial Protection Bureau's mortgage eClosing pilot program, designed to explore how the increased use of technology during the mortgage closing process could affect consumer understanding and engagement. ReadMore

UPS latest giant to fall prey to data breach

CU System
Add shipping giant United Parcel Service to the list of merchants that have suffered a data breach that compromised its customers' credit and debit card information. ReadMore

Wyo. CU membership strong at 40% of state population

CU System
The credit union movement continues to celebrate reaching its 100 million memberships milestone, and Wyoming's high concentration of credit union members caught the eye of Wyoming Business Report . ReadMore
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