A new payment system is about to be launched for mobile customers. During Sunday night’s Emmy awards show, Samsung ran a number of ads showing its new payment system and claiming that it’s “the most accepted mobile payment.”...
A closer look at the Call Report data for the second quarter shows that Alabama and Florida credit unions are seeing growth in assets, membership, and loans. Both states are on record pace with membership and loans, while Florida once again set a...
Late Wednesday the Alabama House and Senate gave final approvals to a General Fund Budget, ending four months of uncertainty for many state agencies and the citizens that receive those services. With just two weeks left before the beginning of the...
The LSCU & Affiliates fall Hike the Hill was another successful two days in Washington, D.C. The League and attendees met with 21 members or staff in just about eight hours. Each meeting was substantive with lots of issues being discussed. One...
CUNA Mutual Group is testing direct response TV ads in Alabama, Louisiana, and South Carolina for its TruStage Insurance products. Credit unions will see the ad on traditional TV stations during the day and early evening. The two-minute ad will make...
Twenty-one credit unions received $30 million in Community Development Financial Institution (CDFI) grants from the U.S. Treasury. Among the credit unions was GTE Financial, based in Tampa. GTE secured a $1.75 million grant. In total, 195 financial...
CUNA Mutual Group is testing direct response TV ads in Alabama, Louisiana, and South Carolina for its TruStage Insurance products. Credit unions will see the ad on traditional TV stations during the day and early evening. The two-minute ad will make...
The League’s two-day fall Hike the Hill kicked off Wednesday with a private meeting between NCUA Board Member Mark McWatters and Alabama and Florida credit unions. McWatters thanked the credit unions for traveling to Washington to meet with...
Financial institutions got a big victory on Tuesday. Five financial institutions, including one credit union, were certified on Tuesday to represent all U.S. financial institutions in the class action lawsuit against Target for damages related to...
The NCUA has worked a settlement with Royal Bank of Scotland (RBS) Group for $129.6 million. This will settle the NCUA’s claims that RBS sold toxic mortgage-backed securities to Southwest Corporate FCU and Members United Corporate CU; both of...