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...
LSCU issued an action alert this week to prompt Florida Credit Unions to take a stance to earn additional business. Outlined in the letter were the reasons CUs should be allowed to handle Interest on Lawyer Trust Accounts (IOTA). If the Florida Bar...
In a decision announced this week, the Financial Accounting Standard Board (FASB) will give credit unions an additional year to comply with still-to-be-announced rules on reporting loan and other credit losses. According to Steve Burkholder’s report...
LEVERAGE and Linqto, a Silicon Valley technology company that specializes in apps for the financial services industry, are partnering to pilot the LEVERAGE App Store. The app store is powered by Linqto’s Otter platform. It allows participating...