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Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.
The credit union’s foundation launches a hurricane relief fund to support employees who have suffered severe losses.
New organization serves to be a resource for credit unions and industry professionals to support tribal communities through collaborative efforts.
A ruling against 1st Advantage FCU could create a troubling precedent for the credit union industry.
Heleonel Gonzalez admits he diverted the credit union’s loans for commercial insurance payments to pay his debts and expenses.
Daniel Ridlinghafer is accused of stealing more than $690,000 from Tucson Old Pueblo CU, Nuvision CU and 25 individuals.
Igor Shushpanov opens CU accounts, obtains credit, spends the funds, pays off balances with rubber checks and declares bankruptcy.
The combined financial cooperative would manage a projected $965 million in assets and serve more than 70,000 members.
Criminals are using generative AI to produce highly realistic phony documents and images that can dupe CU or bank due diligence protocols.
Scott Credit Union opens an insurance agency and Randolph-Brooks FCU’s insurance business will be managed by Insuritas.
The consolidation, if approved by the NCUA and members, would be the largest credit union merger in Louisiana and Mississippi history.