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Credit unions sound alarm on COVID-19 vaccination scams | Credit Union Journal Credit score unions are more and more sounding the alarm about COVID-19 vaccination scams.The scams can are available a wide range of types, however the widespread denominator entails taking a shopper’s private or banking information with the promise of securing a vaccination appointment.COVID-19 vaccinations are usually open to anybody age 16 or older and there's no price to get the shot or make ... #Coronavirus #covid_19 #Credit_unions #CUJ_content #CUJ_Coronavirus #CUJ_feature #fraud #Risk_Management

Everence Federal Credit Union promotes chief lending officer to CEO | Credit Union Journal Everence Federal Credit score Union in Lancaster, Pa., named Matthew Gehman as its new president and CEO, efficient April 1. Matthew Gehman, the subsequent president and CEO of Everence FCU He'll change W. Kent Hartzler, who has been the $281 million-asset establishment's president and CEO since 2007. Gehman joined Everence... #C-suite #Career_moves #Credit_unions #CUJ_content #Pennsylvania #succession_planning

A new kind of shared branching for trio of Calif. credit unions | Credit Union Journal A trio of California credit score unions have launched into an uncommon branching technique, with all three establishments sharing one facility.The ability, situated in Fontana, Calif., and often called the Credit score Union Middle, brings collectively Anaheim-based Credit score Union of Southern California, Gardena-based Pacific Transportation Federal Credit score Union, and Printing Industries ... #Branch_banking #Branch_network #California #Credit_unions #CUJ_content #CUJ_feature #Shared_branching

Glut of holiday shopping could benefit credit unions in 2021 | Credit Union Journal 2020 is sort of behind us.Quickly the calendar will flip to 2021, a change almost everybody will welcome.But even with a brand new yr, all that was completely dreadful about 2020 will linger for fairly a while and influence a bunch of choices for the foreseeable future.Monetary establishments – and credit score unions particularly – shall be able within the months forward to make lending choices t... #consumer_lending #coronavirus #credit_cards #cuj_content #cuj_coronavirus #cuj_growth #cuj_lending #growth_strategies

'Double-dip recession' could be in the cards: CUNA Mutual | Credit Union Journal The newest Credit score Union Tendencies Report from CUNA Mutual Group predicts that a “double-dip recession” might turn into a actuality this winter as each day COVID diagnoses proceed to rise and authorities lockdown orders lead to job losses in early 2021.The report covers information by September, and the agency famous that financial output on the shut of the third quarter was 3% beneath its... #consumer_banking #credit_unions #cuj_content #cuna_mutual_group #deposits #lending

NCUA considering outside help to boost diversity survey participation | Credit Union Journal The Nationwide Credit score Union Administration could contemplate hiring an out of doors agency to manage its annual range self-assessment.In line with Monica Davy, director of NCUA’s Workplace of Minority and Girls Inclusion, many credit score unions concern the company may use the self-assessment in opposition to them in an examination, regardless of strenuous, repeated denials by officers.“I t... #compliance #credit_unions #cuj_content #cuj_feature #diversity_and_equality #law_and_regulation #ncua

Trouble keeping up with cybersecurity pushes Ky. credit union to merge | Credit Union Journal A Kentucky-based credit score union with lower than $1 million in belongings and 442 members is in search of approval for a merger, citing monetary stresses and an incapability to maintain up with customers’ fashionable banking expectations.In keeping with a discover despatched to members, the Muhlenberg Neighborhood Hospital Credit score Union “doesn't have the monetary nor manpower assets to ade... #credit_unions #cuj_content #cuj_growth #field_of_membership #growth_strategies #kentucky #mampa

Can credit unions keep up with COVID's evolving phishing threats? | Credit Union Journal With extra credit score union staff working from residence than ever earlier than, hackers are looking out for safety weaknesses on residence networks – typically by e mail phishing schemes – that might compromise these establishments’ information.The Nationwide Credit score Union Administration cautioned the business early on within the pandemic about ongoing safety dangers, and the difficulty ha... #coronavirus #cuj_content #cuj_coronavirus #cuj_feature #cyber_security #fraud #fraud_detection #fraud_prevention #phishing #work_from_home