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Thursday, April 2, 2015
FFIEC Issues Statements on Mitigating Cyber-Attacks
ARLINGTON, Va. — The Federal Financial Institutions Examination Council (FFIEC) has released two statements concerning ways that financial institutions, including credit unions, can identify and mitigate cyber-attacks that compromise user credentials or use destructive software, known as malware.
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SAN DIEGO — The first-ever Commercial Mobile Deposit Capture (CMDC) launched here last month. The app will enhance credit union banking services for small business owners and account receivable vendors. more »
PLANO, Texas — Alkami Technology, Inc., a provider of digital banking solutions, said Syracuse, N.Y.-based Empower Federal Credit Union has selected the company's ORB Platform for digital banking. more »
Retailers and financial institutions are teaming up to improve the flow of information regarding cybersecurity. more »
BURBANK, Calif. — Three years ago Burbank Community Federal Credit Union rebranded itself as UMe Federal Credit Union. With a mobile-first product strategy, the $165 million CU has realized significant market gains, including a 30% jump in real estate lending. more »
BROOKFIELD, Wis. — Fiserv, Inc., provider of financial services technology solutions, said Abbott Laboratories Employees Credit Union has expanded its relationship with the company by adding multiple digital solutions. more »
SAN DIEGO — Credit union core processor Corelation, Inc., said it has signed seven credit unions and converted three previously signed clients to its open architecture system, KeyStone, in the first three months of 2015. more »
BOULDER CITY, Nev. — While most credit unions say they would like to attract younger members, Boulder Dam CU reports a remarkable 85% penetration of 18-to-29 year olds in its field of membership. more »
HAGERSTOWN, Ind. — Perfect Circle Credit Union signed with Member Driven Technologies, and said it will convert its core processing to Symitar Episys via the CUSO's solution. more »
Large financial institutions and card issuers are ready for the U.S. shift to chip-and-PIN technology, according to a report issued Wednesday. But the drop in fraud that is expected to result is unlikely to come any time soon. more »
As lawmakers consider federal notification and information-sharing measures, a state official expressed jurisdictional concerns about creating national standards. more »
RIVERDALE, Utah — With a technology-savvy membership, $6.3 billion America First CU lives on the cutting edge of financial products — and is willing to take the occasional swing and miss. more »
BROOKFIELD, Wis. — Columbia CU, based in Vancouver, Wash., has selected the DNA account processing platform and several integrated solutions from Fiserv, Inc. more »
UTICA, Mich. — The recent hacking of a Montana credit union provides a stark lesson for CUs across the nation about the security of their web sites — namely that they aren't as secure as executives think. more »
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Exit Interview
After 42 years at the credit union, outgoing Michigan State University FCU CEO Pat McPharlin recently looked back -- and forward -- in this brief interview one day before his retirement.
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