Links in “Credit Unions”

A financial fraud case on the FBI's site targeted young women in shopping malls, recruiting them to participate in an upcoming hair show, offering to pay them for their services, but requiring their debit card numbers to access their accounts. Checks would be deposited, then cash immediately withdrawn before the bank realized the fraud. If the women became skeptical, the scammers had a Plan B that was even worse. [9/1/15]

High-performing boards are a minority. Most boards are described as "entrenched." Here are some questions to help you determine where your board fits on this spectrum. [9/1/15]

Although the methodologies for calculating overhead transfer rate and federal credit union operating fees do not require notice and comment procedures, the NCUA announced that the hotly debated topic will be open to public comment. [9/1/15]

The individuals attending last month’s National Credit Union Roundtable for Board Leadership identified five questions that board members should be asking themselves. Interestingly, three of the five questions deal with regulatory compliance. The group also developed a list of recommendations for how to recruit younger members for board positions. [8/31/15]

Employers are beginning to realize that they gain more than they lose by offering more paid leave after the birth of a child. Business and labor leaders say one of the driving forces behind the new trend is that the U.S. is one of the few developed nations that doesn’t have a national parental leave policy. [8/31/15]

After the Iowa Credit Union Division placed SCICAP Credit Union of Clariton, IA into receivership, Community 1^st Credit Union of Ottumwa, IA assumed most of the credit union’s members, assets and loans, making SCICAP the 6^th federally-insured credit union that has been liquidated this year. [8/31/15]

NCUA has approved a single associational common bond charter for the members and employees of the Redeemed Christian Church of God North America, Inc.  Headquartered in Greenville, TX, the church has 30,000 members nationwide. [8/31/15]

The CFPB's consumer complaint database has practical implications that undermine the complaint resolution process. NAFCU calls on the CFPB to fix it. [8/31/15]

Earlier this year, the CFPB’s Office of Servicemember’s Affairs released a report outlining data and trends from complaints submitted by servicemembers, veterans, and their families. In this Risk Watch video AffirmX Analyst Rachel Osborn outlines the major findings and tips on how financial institutions can better work with servicemember. [8/28/15]

Here’s what credit unions are all about. Dupaco Community CU offers a MoneyMatch program that matches (dollar for dollar) the deposits a member makes to an individual development account (IDA) with grants from the Dupaco R. J. Hoefer Foundation and the Iowa Credit Union Foundation. Through this program Ermina Soler was able to break a generational-cycle of poverty and accumulate $4,000 to purchase a house, becoming the first person in her immediate family to be a homeowner. [8/28/15]