Straight to The Point: August 8, 2018


star3 Individuals can register for the 2018 Tri-Chapter Workshop, which will be held Oct. 3-4 at the DoubleTree by Hilton in Niagara Falls. The event will include a variety of networking and educational opportunities, as well as a presentation from Kevin Brown, a renowned keynote speakerNYCUA

star3 Credit Union Webinar Network is hosting a complimentary webinar on the EU’s General Data Protection Regulation, which became effective May 25. The pre-recorded webinar explains how to analyze when and how credit unions will be affected by the GDPR, and how it differs from existing privacy rules The Point

star3 NCUA has filed administrative charges against Alan S. Kaufman, former CEO, treasurer and board member of Melrose CU. Utilizing an infrequently used authority, the agency alleges Kaufman breached his fiduciary duties by placing his own interests above those of the credit union; engaged in unsafe or unsound practices; and violated applicable laws and regulationsThe Point

 star3 Mortgages to millennial borrowers for new home purchases continued to climb in June, accounting for 91 percent of closed loans, according to the latest Ellie Mae Millennial Tracker report CU Times

star3 Despite rising interest rates, credit union loan portfolios grew 1.3 percent in June, and are on pace for an annual rate of 10.4 percent – CUNA

star3 ACH debit and credit transactions totaled more than 5.7 billion in the second quarter of 2018, a 6.2 percent increase when compared to the same timeframe in 2017 – CUToday

star3 The Business Council of New York State is encouraging Gov. Andrew Cuomo to veto a bill that would allow eligible New Yorkers to receive up to 10 weeks off following the death of a family member starting in 2020 Times Union

star3 Yellow-cab and Uber drivers are both backing New York City’s plans to limit for-hire vehiclesNew York Times

star3 A survey found the fastest growing cohort of Americans filing for bankruptcy are between the ages of 55 and 75, representing a threefold increase in the number of Americans 65 or older declaring bankruptcy since 1991 New York’s State of Mind









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