Press

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Library of Congress Federal Credit Union hires next President & CEO

HYATTSVILLE, MD (September 15, 2023) — Library of Congress Federal Credit Union is pleased to announce the selection of Jennifer Hurst as the Credit Union’s new President/CEO.  “The Board is looking forward to welcoming Jennifer as the Library of Congress Federal Credit Union’...

MSUFCU 2023-2024 free financial education series underway

EAST LANSING, MI (September 15, 2023) — If you’re interested in learning more about retirement income planning, home buying, maximizing Social Security benefits, building financial literacy into your family’s daily routine, and other finance-related topics, MSU Federal Credit Union (MSUFCU) has free seminar ...

USALLIANCE Financial selects Harry Zhu as next CEO

RYE, NY (September 15, 2023) — The Board of Directors of USAlliance Federal Credit Union (dba USALLIANCE Financial) ($3B,) has selected Harry Zhu to serve as its next President and Chief Executive Officer. Zhu will start on October 2 in the credit union’s Rye, ...

Securityplus Federal Credit Union hosts Community Shred Day on September 30th

BALTIMORE, MD (September 14, 2023) — Securityplus Federal Credit Union will host a Community Shred Day, providing the community with an opportunity to dispose of confidential documents in a secure and environmentally friendly manner. Event Details Date: Saturday, September 30, 2023 Time: 9:00 am – ...

Mills42 Federal Credit Union school supply drive a huge success

LOWELL, MASS (September 14, 2023) — Realizing that family budgets are tight and the economy  is difficult for many to navigate, Mills42 Federal Credit Union created a  School Supply Drive for Butler Middle School students earlier this summer,  to help take some of the financial ...

PSCU Payments Index – September 2023 edition

ST. PETERSBURG, FL (September 14, 2023) — Today, PSCU – the nation’s premier payments CUSO and an integrated financial technology solutions provider – published the July edition of the PSCU Payments Index, the goal of which is to provide information and insights to help financial institutions ...

SECUF, LSCU provide nearly $40K to communities in Hurricane Idalia’s wake

TALLAHASSEE, FL (September 14, 2023) — The League of Southeastern Credit Unions & Affiliates (LSCU & Affiliates) and the Southeastern Credit Union Foundation (SECUF) have provided nearly $40,000 in disaster aid to communities in North Florida and South Georgia impacted by Hurricane Idalia two ...

CUES® Emerge judges announced

MADISON, WI (September 14, 2023) — CUES Emerge, the program for emerging credit union leaders that combines online learning, peer collaboration and an exciting competition component, has announced its 2023 judging panel. They are: Chris Andrus, SVP/Chief Culture Officer, Altura Credit Union, Riverside, CA ...

NCUA releases Q2 2023 state-level credit union data report

ALEXANDRIA, VA (September 14, 2023) — The median growth rate in loans outstanding and membership at federally insured credit unions was positive over the year ending in the second quarter of 2023, while the growth rate in assets and shares and deposits was negative at ...

Hiway Credit Union members approve merger with SPIRE Credit Union

FALCON HEIGHTS, MN (September 14, 2023) — Hiway Credit Union members voted to approve the St. Paul-based credit union’s merger with SPIRE Credit Union, allowing for two of Minnesota’s largest credit unions to proceed with joining forces. With 81.2% of Hiway members ...

Bridgewater Credit Union celebrates grand opening of Hanover Branch

HANOVER, MASS (September 14, 2023) — Bridgewater Credit Union, a division of Merrimack Valley Credit Union (MVCU), hosted a ribbon cutting ceremony and block party to celebrate the grand opening of their new branch located at 1095 Washington Street (RT 53) in Hanover. The celebration ...

Arteria AI announced as a “2023 Finovate Awards” Winner

NEWYORK, TORONTO (September 14, 2023) — Arteria AI, an award-winning global leader in enterprise documentation infrastructure, has been recognized as a 2023 Finovate Awards Winner in the category recognizing fintechs and/or enterprise technology companies that excel in providing core infrastructure solutions that allow banks ...

The growing trend of fraud units in banking

SOUTHBURY, CT (September 14, 2023) — The challenges with fraud scams continue to increase in the financial sector. As technology continues to advance, so do the techniques used by fraudsters. It's a continuous race, one that credit unions are determined not just to partake in, ...

CUNA, World Council urge Basel III proportionality implementation

WASHINGTON, D.C (September 14, 2023) — The Credit Union National Association (CUNA) and World Council of Credit Unions (WOCCU) sent a letter Thursday addressing the implementation of a Basel III proportionality framework to establish a simpler and more reasonable approach for credit unions to ...

Ascentra Credit Union donates $25,000 to help rejuvenate Davenport home

BETTENDORF, IA (September 13, 2023) — Ascentra Credit Union contributed $25,000 to Rejuvenate Housing, Inc. for the renovation of a 100+ year old home on Davenport’s Gaines Street Corridor. Rejuvenate Housing is a local nonprofit organization whose mission is to rejuvenate neighborhoods and ...

True Digital adds Strategic Advisor and Banker Advisory Board

AUSTIN, TEXAS (September 13, 2023) — True Digital Group, provider of the industry’s first digital innovation and collaboration network that supports bankers in their discovery, influence, and use of technology through collaboration, today announced Rilla Delorier has joined the organization as a Strategic Advisor. ...