Family Security Credit Union has negotiated the purchase of the Bank of Pine Hill, located in Pine Hill, AL. The $580-million credit union will purchase substantially all of the assets and assume the deposits of the $25-million bank in a deal...
Non-interest income sources continue to emerge within the credit union industry with limited options for income reporting and composition on the 5300 Call Report. Earlier this summer, Callahan & Associates surveyed 170 credit union executives...
The LSCU this week announced its support of the NCUF’s CUAid disaster relief system, donating $2,500 to help Louisianans in need. Now the Birmingham Chapter of Credit Unions has announced it will donate $1,500 to the Louisiana relief efforts, said...
Emerging trends on the horizon for future payments technology are possibilities for credit unions, while there remains much work to be done to make these relevant to members. Here is a sneak preview of some evolving trends that might make it to the...
As Louisiana struggles to recover from massive flooding that hit Baton Rouge and the surrounding areas, the National Credit Union Foundation (NCUF) activated CUAid, the online disaster relief system, one week ago. Since then, it has collected more...
Eddie Bauer reported last week that its point-of-sale systems at the company’s retail stores were compromised in a malware attack that enabled “unauthorized parties” to gain access to payment card information. Transactions with the company’s online...
NCUA approved 46 credit union mergers in the second quarter, which is less than the 54 mergers approved by the federal agency in the first quarter of 2016. This data is quite an improvement in comparison to second quarters in years past. In the...
Mobile phones could be vulnerable to hackers aiming to eavesdrop or disrupt networks, according to Ars Technica. The attack could come with the introduction of a bug through a spectrum of telecommunication products, including radios in cell towers...
The National Credit Union Foundation (the Foundation) has activated the online disaster relief system, CUAid.coop, to raise money for credit union people in Louisiana affected by recent flooding. Credit union supporters in every state can make...
Credit union loan balances were up 10 percent to $834.3 billion in the second quarter of 2016, according to a Callahan & Associates’ analysis of 5,959 institutions, setting a record for credit unions. The increase in loan balances is primarily...