Credit unions

Digital disbursements provide a better experience

Disbursements are still often made by putting a physical check in the mail. That’s right, whether it’s an insurance company sending payment for a claim, a consumer credit company making a refund, a utility company sending a claim. reimbursement or a higher education institution that reimburses students or teachers. In …

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Banks and credit unions feel the heat of a hot labor market

For Carole Shaull, senior vice president of human resources at Middlefield Banking Co., a community bank with around $ 1.4 billion in assets, a challenge is finding not only cashiers but also qualified people for more skill-based positions. For entry-level jobs, banking is a little less selective than before. “But …

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Cardiff Council Wins National Credit Union Title

Councilor Chris Weaver, Cabinet Member for Finance at Cardiff Council receiving the Credit Unions of Wales award from Leanne Herberg. Managing Director of Cardiff & Vale Credit Union. Submitted by Cardiff & Vale Credit Union Cardiff Council won a national award for encouraging more than 1,500 employees and tenants to …

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Northwest Federal Credit Union Foundation Drive for the Driven Golf Tournament Raises over $ 136,000 for Scholarship Program

HERNDON, Virginia – (COMMERCIAL THREAD) –The Northwestern Federal Credit Union Foundation (Foundation) the charitable arm of Northwestern Federal Credit Union, recently held their 6e Annual Campaign for the Driven Golf Tournament. Money raised from this year’s tournament will benefit the Foundation’s scholarship program, which awarded $ 125,000 in scholarships to …

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Business Notes for October 17, 2021

Posted: 10/22/2021 22:30:59 PM Caisse populaire du Nord-Est was named one of America’s “Best Credit Unions” by Forbes, ranking first in New Hampshire and in the 3.75% percentile of 190 credit unions nationwide. This prestigious award is presented by Forbes and Statista, which identified the best credit unions in the …

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Credit Union Launches “Interest-Free” Credit Card

Community First joins Westpac, NAB and CommBank as the only credit union to offer “zero interest” credit cards. Zero interest credit cards are generally designed to compete with BNPL products, offering “extremely competitive” monthly fees, no late fees, and cash advances. Community First is the first credit union to launch …

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TopLine Federal Credit Union Attends 5th Statewide

Minnesota Credit Unions join forces to spread kindness statewide on Monday, October 11. MAPLE GROVE, Minnesota, October 19, 2021 (GLOBE NEWSWIRE) – TopLine Federal Credit Union was one of 64 credit unions and partner organizations in the state of Minnesota that participated in an orchestrated day, called CU Forward Day. …

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Opposing New IRS Bank Reports

The Arkansas banking community, supported by the state’s Congressional delegation, is opposing President Joe Biden’s efforts to require lenders to provide more information about consumers to the Internal Revenue Service. The administration argues that new regulations would help find delinquent taxpayers and could add up to $ 7 trillion to …

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BOI closures: credit unions must stand up

Independent TD Michael Fitzmaurice shares his views on the closure of 88 branches of the Bank of Ireland (BOI). The closure of 88 Bank of Ireland branches across the country is a sad day. However, this gives credit unions the opportunity to fill the void left behind. More than a …

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Customer considerations must come first

If you ask most credit unions to list their biggest competitive advantage that other financial players don’t have, you’ll likely hear about their ability to meet the needs of members or stay focused on the people they don’t have. they serve. Conversely, if you asked them where they felt the …

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Bow Valley Credit Union Deploys Digital Account Opening with Thirdstream

Bow Valley’s adoption of the Retail Deposits Online solution simplifies remote account opening with consumers. LETHBRIDGE, AB, CANADA, October 6, 2021 /EINPresswire.com/ – Bow Valley Credit Union has successfully deployed third streamThe digital account opening solution for retail, branch and online banking. Integrated into Bow Valley’s core banking system, Thirdstream’s …

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Unemployment rate down in Kentucky | Characteristics

Unemployment rates fell in all 120 Kentucky counties in August. This is partly because the number of people looking for work has decreased and partly because more people are working. Daviess County recorded an unemployment rate of 3.6%, down from 4.5% the previous month and 4.7% a year earlier. Hancock’s …

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Kinecta Federal Credit Union wins “Best of Show” at the CUNA Technology Council Awards of Excellence

Its entry “Credit Card Pre-Approval Using Machine Learning” showcases Kinecta’s exceptional commitment and innovative use of technology to serve its members. MANHATTAN BEACH, CA, September 30, 2021 / PRNewswire / – Federal Credit Union Kinecta, a $ 6.5 billion credit union headquartered in Manhattan Beach, California, was announced as the …

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Banks and credit unions agree: regulate fintech

Source: Shutterstock. Banks and credit unions agreed on a main theme of a House hearing on Wednesday: Some fintechs offering banking-like services need more federal regulation to ensure consumer protection and remove unfair competitive advantages of their limited regulation. Jim Reuter, CEO of First Bank of Denver, spoke on behalf …

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Madonna Bolano Joins Tech CU Board of Directors

SAN JOSE, Calif., September 29, 2021 (GLOBE NEWSWIRE) – Technical CU (Technology Credit Union) today announced the appointment of Madonna Bolano to its Board of Directors. Madonna joined Tech CU’s Board of Directors in April 2021 and is a member of its Compensation Committee. Madonna is a seasoned Silicon Valley …

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Digital banking for everyone: Service Credit Union launches the country’s first fully digital banking cooperative

“We want to change the way people think about accessing affordable and equitable financial services. Tweet this The for-profit neo-banks in the market usually don’t cater to these people because the economy is different from traditional checking accounts. “Their balances are lower on average and creditworthiness can take a long …

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Monasterboice CU joins Drogheda

Drogheda Credit Union welcomed members of Monasterboice Credit Union following the completion of a merger last week. he board, management and staff of the two credit unions have been working together for several months, and the members of Monasterboice in particular look forward to being part of one of Ireland’s …

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ApexEdge Wins ‘Best Integrated Finance Solution’ at Finovate 2021 Awards

BOSTON–(COMMERCIAL THREAD) –ApexEdge, a partner activation platform that offers monthly bill and subscription management solutions to support consumers’ financial health, was recognized as “Best Integrated Financing Solution” at Finovate price 2021. The annual awards program recognizes fintech excellence in 25 different categories and showcases the outstanding work of companies that …

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State Treasurer Protests Biden’s IRS Spying

State Treasurer Curtis Loftis opposes disclosure of personal bank details to the Internal Revenue Service.He and 22 other state financial agents oppose a proposal by the Biden administration to violate the confidentiality of accounts exceeding $ 600 in deposits.“The authoritarian federal government does not have to scrutinize the personal financial …

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North County Business Records, September 26

FALLBROOK The House hosts a golf tournament The Fallbrook Chamber of Commerce is hosting its annual Charity Golf Tournament on October 22 at the Pala Mesa Resort. A portion of the proceeds and the putting contest will benefit Michelle’s Place Cancer Resource Center. Sponsorships start at $ 125 for members …

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Best Credit Union – Orange County Register

1. SchoolsFirst Federal Credit Union Several locations; ecolesfirstfcu.com A former Best Credit Union winner, SchoolsFirst Federal Credit Union provides the educational community with a wide range of services including current and savings accounts, auto and home loans, credit cards, insurance, retirement accounts. , mobile banking, webinars and workshops, etc. SchoolsFirst …

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Entrust Authorizes Issuance of Digital Financial Cards with Acquisition of Antelop Solutions | Business

MINNEAPOLIS – (BUSINESS WIRE) – September 22, 2021– Entrust, a global leader in trusted identity, payments and data protection, today announced a definitive agreement to acquire Antelope solutions, a financial technology company that enables financial institutions to issue secure digital credit and debit cards to their customers. By combining Antelop’s …

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Eastman Credit Union innovates at the Clinchfield site | New

{span id = “docs-internal-guid-dbc60ba6-7fff-7297-2485-88ea073ce95b”} {span id = “docs-internal-guid-dbc60ba6-7fff-7297-2485-88ea073ce95b”}KINGSPORT – Eastman Credit Union looked to the future on Thursday as local officials and ECU staff inaugurated the site of its next facility at the corner of Clinchfield and West Market streets. The new downtown location will offer multiple drive-thru lanes, curbside …

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U.Va. Credit Union President and CEO retires

Alison DeTuncq leaves after 32 years Posted September 17, 2021 through Kate andrews Alison DeTuncq, President and CEO of the Community Credit Union at the University of Virginia Alison DeTuncq, who served for 22 years as president and CEO of the University of Virginia Community Credit Union in Charlottesville, plans …

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Innovative Technology Leaders Segmint and Corelation Partner to Improve Credit Unions … | New

Cuyahoga Falls, OH, September 16, 2021 (GLOBE NEWSWIRE) – Segment, the global leader in transaction cleaning and analysis for financial institutions, announced a partnership with Correlation, the innovators in basic processing for credit unions. The collaboration between these two leading financial services technology innovators will deliver an accelerated member experience, …

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Whitefish Credit Union exceeds $ 2 billion in assets

The Whitefish Credit Union took a step forward this summer, surpassing $ 2 billion in total assets. The credit union attributes its growth to its strategic planning and dedication to providing exceptional value to its members. Last year, the credit union expanded its services by improving its online loan application …

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Prelim deploys a low code integration platform for community banks

Prelim, a fintech provider optimizing digital banking experiences for financial institutions, announced proprietary framework technology that allows banks and credit unions to connect to any tech company, including major vendors, via a single line of code. Traditionally, community-based financial institutions in particular have been challenged to create thousands of lines …

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Mbanq announces the formation of Mbanq CUSO

Mbanq CUSO Provides World’s First Credit Union-as-a-Service (CUaaS) Vlad Lounegov, CEO of Mbanq Mbanq CUSO digitally transforms credit unions Mbanq CUSO works as a trusted partner to configure, operate and evolve credit unions. Its technology is at the forefront of modern FinTech innovation and is designed to keep credit unions …

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Senator Cramer touts bipartisan infrastructure bill, describes efforts to prevent financial discrimination in remarks to the Dakota Credit Union Association

***Click on here to upload photos and b-roll. *** BISMARCK – U.S. Senator Kevin Cramer (R-ND), member of the Senate Banking Committee and senior member of the Senate Environment and Public Works (EPW) Subcommittee on Transportation and Infrastructure, delivered remarks at the Dakota Credit Union Association lunch today. The senator …

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BNPL Firm Afterpay launches its advertisements

Australian Company Buy Now, Pay Later (BNPL) Afterpay, Tuesday August 24 announcement the launch of Afterpay Ads. The new advertising solution allows brands to place featured ads on the Afterpay app to improve promotions, products and retailer offerings on a pay-per-click basis. The ad addition is aimed at helping retailers …

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7 steps to prevent ransomware

Source: Shutterstock For decades, millions of Americans have relied on Colonial Pipeline, one of the nation’s largest gasoline channels, to provide fuel for daily transportation. However, the recent ransomware attack on the company resulted in a ransom payment of nearly $ 5 million and fuel supply disruption, causing many consumers …

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OFG Bancorp Invests $ 3 Million in Nymbus

MIAMI – (BUSINESS WIRE) –NYMBUS®, a leading provider of banking technology solutions, today announced a $ 3 million financing round led by OFG Ventures, LLC, a subsidiary of OFG Bancorp [NYSE: OFG]. The investment is intended to further support significant demand for Nymbus’ unique financial services model that accelerates digital …

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Deadline for NCUA’s Request for Comments on Federally Insured Credit Union Use of Digital Assets – Technology

United States: Deadline for NCUA’s Request for Comments on the Use of Digital Assets by Federally Insured Credit Unions 03 Aug 2021 Cadwalader, Wickersham & Taft LLP To print this article, simply register or connect to Mondaq.com. The Board of Directors of the National Credit Union Administration (“NCUA”) together September …

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CUNA urges Congress to abstain from PCA

United States Capitol. (Source: Shutterstock) On Thursday, CUNA sent a letter to members of the Senate Banking, Housing and Urban Affairs Committee asking for help from Congress to improve Quick Corrective Actions (PCA) and make changes to the central liquidity facility ( CLF) to help members of credit unions during …

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PSCU Adds Two Industry Veterans To Its Board Of Directors

Payments Credit Union Service Organization (CUSO) PSCU has appointed two veterans of the financial services industry to its board of directors. President and CEO of the California Coast Credit Union Todd Way and President and CEO of the Border Federal Credit Union Maria J. Martinez will serve as associate directors, …

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Aptys, a Virtual Payments Solutions Provider, Reveals Alloya Corporate Federal Credit Union Converted its Unified Payments Platform

Aptys Solutions, an established provider of cloud-powered end-to-end virtual payment services to more than 4,500 financial institutions (including faster payments, mobile P2P, wire transfer, ACH and clearing), reveals that Alloya Corporate Federal Credit Union, a large corporate credit union serving more than 1,400 credit unions, has converted to its unified …

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Man Charged With Lordship Credit Union Theft

A 33-year-old man appeared in court for an armed robbery at a credit union eight and a half years ago in which Detective Garda was shot and killed. Brendan Treanor of Emer Terrace in Dundalk has been charged with two offenses, theft of € 7,000 in cash and checks from …

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Listerhill Forbes honored with the best in the state | New

MUSCLE SHOALS – According to Forbes, Listerhill Credit Union was once again named the best credit union in Alabama. That’s according to an in-depth study by Forbes for its 2021 ranking of the best American credit unions. Forbes rated banks and credit unions based on overall recommendations and satisfaction. Five …

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Leicester to host the Living History Co-op Exhibition

On the photo above: Belvoir Road, Coalville Leicester will host a Co-operative Living History exhibition this month celebrating the movement in Leicestershire. It will be held at Soft Touch Arts, 50 New Walk, Leicester, July 9-24, Tuesday-Saturday 11 am-4pm. With support from the Heritage Lottery Fund, LCCDA Management Co-operative Ltd, …

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Momentum Grows to Create Local Small Business Lender | New

Efforts are progressing in Kern to establish a local financial institution that would help an underserved part of the county’s economy by providing small loans to young and very small businesses that often struggle to get the financing they need. At least three entities, including the Community Action Partnership of …

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More ‘delicate’ management of credit union sector required following COVID fallout, Central Bank chief says – Eye Witness News

“The banking sector will experience increased difficulties around its credit exposure” NASSAU, BAHAMAS – Central Bank Governor John Rolle said yesterday that the country’s credit union sector will require more ‘delicate’ management as it grapples with the fallout from the coronavirus pandemic, noting that although it represents a small part …

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New York Credit Union Association Donates $ 30,000 to Cohen Children’s Hospital Diabetes Program – Community News

Pictured, left to right: Eric Oterson (Jovia Financial Credit Union), Robert Muir (Town of Hempstead Employees Federal Credit Union), Victoria Loachino (Cohen Children’s Medical Center, Northwell Health Foundation), Kevin Healy (Pentagon Federal Credit Union) ), Dr Graeme Frank (Cohen Children’s Medical Center, Acting Head of Pediatric Endocrinology), Michelle Traynor (Bethpage …

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Manage your allocation through the COVID / CECL hub

Source: Shutterstock. In early 2020, due to the COVID-19 pandemic, credit unions, along with the rest of the world, saw threats to safety and soundness. Not only financial security and soundness, but threats to physical security and soundness. The response from credit unions has been manifold. The first step was …

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Reminder: CDRLF 2021 grant round ends June 26 | 2021-06-16

Designated low-income credit unions seeking Community Development Revolving Loan Fund grants, including MDI mentoring grants, have until June 26 to submit their applications. Grant conditions, application instructions and other important information are available on the grant program page from NCUA.gov. The NCUA will administer approximately $ 1.5 million in CDRLF …

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RCFCU’s Laci Rose named MCU Young Professional of the Year | Local News

Support local journalism Your membership makes our reporting possible. {{featured_button_text}} “Laci is an energetic and motivated young leader,” said Tracie Kenyon, President and CEO of Montana Credit Unions (MCU). “We are delighted to recognize his accomplishments and are honored by his enthusiasm for volunteerism and financial well-being within our network …

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