A recent release by the Florida Department of Economic Opportunity shows unemployment rates in the state declined slightly in April, continuing a bright outlook for the Sunshine State. Statewide, the seasonally adjusted jobless figure dropped from 4...
LSCU has learned from NCUA sources that this week’s NCUA Board meeting will feature a briefing on possible changes to the 5300 Call Reports. The 2016 NCUA Budget specifically added two full-time employees dedicated to a review of the 5300s, and now...
In the decade since the housing bubble burst, we’ve seen a nationwide struggle for stability. And things do so seem to be on a more even keel now. According to an article from Sarasota’s Herald Tribune, the number of foreclosures in the state was...
LSCU salutes the dedicated leadership of Tom Dorety, President/CEO of Suncoast Credit Union in Tampa, who today announced his retirement. Dorety’s decision to leave the helm of the largest Community Development Financial Institution (CDFI) in the...
Sen. Richard Shelby (R-Ala.) announced yesterday the Senate Banking Committee will not consider the nomination of NCUA board member J. Mark McWatters to the Export-Import Bank board. As a result, the only way McWatters could be confirmed is for...
California-based Shastic has introduced an “innovation index,” known as the Shastic Index, that will score financial institutions on innovation, particularly on user satisfaction and performance across new digital channels, such as mobile banking...
With the 2016 Alabama Legislative Session officially over, legislators are now back in their districts and taking time to look back at what was accomplished during the last four months. Opinions will vary between legislators and constituents, but...
Credit unions and banks around the world should be aware of possible cyber attacks in the coming days. Financial organizations are under threat from the hacker group, “Anonymous,” that struck the Greek central bank’s website earlier this week, says...
Based on a recent survey, college students in the U.S. will leave the halls of higher education none-the-wiser about responsible credit card use. LendEDU, a marketplace for student loans and loan refinance, conducted the April survey at three, four...
President Barak Obama tapped NCUA Vice Chairman Rick Metsger to be the ninth Chairman of the NCUA Board, taking over the helm from vice chairman Debbie Matz, who stepped down April 30. Metsger joined the NCUA as a board member in August 2013 and was...