A new study by CardHub finds that Americans have the highest average of debt since 2008 – the Great Recession. The study shows that the average household has $7,800 in credit card debt. That means that 2016 might be a repeat of 2008. With...
A credit union’s website is a window into its business. A robust website is a prerequisite for today’s member. It’s the standard platform for credit unions to promote value and to provide 24/7/365 accessibility, as well as core...
The NCUA has released updated information on the costs of the Corporate Resolution Program and the performance of the NCUA Guaranteed Notes Program. This information is posted on the NCUA’s website for the corporate resolution and the...
The NCUA is hosting a free financial literacy webinar today at 2 pm EST. The third annual financial literacy webinar, “The Pathway to Financial Well-Being,” requires participants to register early. The link should also be used to login to the...
One of the most well known underground websites to sell stolen debit and credit card information is seeing unprecedented activity. The Krebs on Security website writes that the flood of activity at a well known website is “Faced with a buyer’s...
Take advantage of the savings through the Office Depot/Office Max Store Purchasing Card. This card allows access to more than 1,000 Office Depot/Office Max stores. Whether it is used by your credit union, credit union staff, or members, using the...
Elder abuse is very common in the United States. Research shows that 17 percent of abuse in Americans over the age of 65 is financial exploitation. Studies show that only one in 44 cases is ever reported. The Consumer Financial Protection Bureau...
The CU Times released its latest group of Women to Watch in its most recent issue. Community South Credit Union CEO Jan Page was featured for her small town values. Page, who grew in Chipley, FL, where her credit union is headquartered, has led the...
Friday afternoon, Gov. Rick Scott officially signed HB 1233 into law. This legislation, sponsored by Rep. Cyndi Stevenson (R-St. Augustine) and Sen. Rene Garcia (R-Hialeah), now requires the Florida Office of Financial Regulation (OFR) to enter into...
The Center for Responsible Lending conducted a study about payday lending laws and found that the Florida law, passed in 2001, has not been protecting consumers as it was intended. The study found that “these ‘best practices’ are...