NCUA announced on Friday the liquidation of the Queens-based Melrose CU. Teacher’s FCU, based in Hauppauge, assumed all of Melrose CU’s members and shares, as well as some loans and other assets – The Point
The New York Credit Union Association’s 2018 Volunteer Leadership Conference, scheduled for Oct. 19-20 at the Turning Stone Resort Casino in Verona, will include two days of peer networking, entertainment and insightful presentations specifically for New York credit union board directors and supervisory committee members – NYCUA
As a reminder, registration is open for the New York Credit Union Association’s 2018 CEO Roundtable event in Syracuse. The event will take place Oct. 23-24 and is specifically focused towards CEOs of member credit unions with up to $100 million in assets – NYCUA
CFOs and financial employees are the most at risk of being targeted in business email compromise schemes according to the latest global research report from Barracuda Networks – CU Times
Despite the emphasis on digital wallets, credit cards aren’t going away soon, a new report indicates. In fact, a new TransUnion report found credit card usage to be at an all-time high – CUToday
CUNA has partnered with other financial services organizations to create a white paper, “Understanding ATM Attacks,” explaining how cybercriminals conduct such attacks and how financial institutions can protect consumers – CUNA
Bank of America is facing scrutiny amid reports they have been freezing the bank accounts of customers suspected of not being legal U.S. citizens – The Hill
U.S. consumer sentiment fell to a seven-month low in August as households worried about rising prices amid a robust economy and tensions between the United States and its main trade partners – Reuters
