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Joined: Nov 2, 2010Comments: 246
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Recent Community Posts

NCUA’S Final FOM Rules Give CUs More Flexibility
Posted: 10 hours ago by pearlbrown  |  0 comments  |  Financial News

The NCUA board on Thursday approved revised Field of Membership rules to provide credit unions with more flexibility to define the areas they serve. ... read more

Fraud Card Loss Climbs; Cash Use Remains Strong
Updated: 11 hours ago by Ally6770  |  1 comment  |  Financial News

Credit card losses from fraud cases reached new levels in 2015 for credit unions and other financial institutions. Fraud losses incurred by financial read more

Here's How To Calculate Your Required Minimum Distribution From A Traditional IRA Or 401(K)
Updated: Oct 27, 2016 by Bozo  |  4 comments  |  Financial News

It's a familiar calculation for some DA readers, may be new but important info for others.  .    Failure to correctly calculate and read more

Update To Ally Bank Deposit Agreement Effective 12/3/16
Updated: Oct 24, 2016 by Ken Tumin  |  1 comment  |  Financial News

From an email received this morning, upcoming changes include the ability to complete qualified transfers between your Ally and non-Ally accounts in 1 read more

Warning Shot Across The Bow
Posted: Oct 24, 2016 by pearlbrown  |  0 comments  |  Financial News

Excerpts of an article from the Executive Editor of CU Times: as much as credit unions enjoy placing themselves on some higher platform than banks, it read more

Credit Unions To Merge In Utah, Massachusetts
Posted: Oct 24, 2016 by pearlbrown  |  0 comments  |  Financial News

Credit unions in Utah and Massachusetts announced merger agreements that are expected to be completed in the first quarter of next year. The $74.8 read more

Assisting Aging Parents With Financial Matters
Posted: Oct 22, 2016 by pearlbrown  |  0 comments  |  Miscellaneous

The Morningstar article suggests that early and open communication is key to broaching the topic and offers ideas on framing the conversation.  Read

A Better Measure Of Retirement Security
Updated: Oct 22, 2016 by pearlbrown  |  1 comment  |  Financial News

Scott Burns touches on a different measure of risk: living standard risk.

Fake Pennies Placed By Bank Worth $1,000 Each
Updated: Oct 22, 2016 by Saver5  |  2 comments  |  Bank Deals

Stopping to pick up a stray penny off the ground may not seem worth the effort, yet one bank is trying to change that mindset by placing 100 fake read more

6 Social Security Changes Coming In 2017
Posted: Oct 20, 2016 by pearlbrown  |  0 comments  |  Financial News

Among the changes:  a modest (0.3%) increase in payments starting in January 2017, a higher tax cap subject to Social Security taxation, increased read more

Infographic: The Real Cost Of A Data Breach
Posted: Oct 18, 2016 by pearlbrown  |  0 comments  |  Financial News

A data breach costs an organization on average $4 million, although the estimate varies by country and size of the breach. 

Beware The New Generation Of Card Skimmers
Posted: Oct 18, 2016 by pearlbrown  |  0 comments  |  Financial News

A new generation of skimmers that wirelessly transmit stolen data is stymying authorities and causing anxiety among credit unions and other card issuers read more

Wells Fargo Fallout: New York Governor Puts Fis On Notice
Posted: Oct 18, 2016 by pearlbrown  |  0 comments  |  Financial News

New York Gov. Andrew M. Cuomo put state-chartered banks and credit unions on official notice to ensure employee incentive arrangements do not spawn read more

Court Ruling Likely To Increase CFPB Accountability
Updated: Oct 17, 2016 by Ally6770  |  1 comment  |  Financial News

Although the impact of this week’s appeals court ruling that found the CFPB’s structure to be unconstitutional are still being assessed, attorneys said read more

Navy Federal To Pay Back $23M To Members, $5.5M In Fines
Updated: Oct 14, 2016 by jimbeau  |  13 comments  |  Financial News

The CFPB said Tuesday the $77 billion Navy Federal Credit Union will pay $23 million to members and a $5.5 million civil penalty for making false read more

Consequences Of The D.C. Circuit's CFPB Smackdown
Posted: Oct 13, 2016 by pearlbrown  |  0 comments  |  Financial News

On its face, Tuesday’s federal appeals court decision curtailing the authority of the Consumer Financial Protection Bureau director was a blow to an read more

Questions Lurk Over Navy Federal And CFPB
Posted: Oct 13, 2016 by pearlbrown  |  0 comments  |  Financial News

The CFPB consent order that cited the $77 billion Navy Federal Credit Union Tuesday with deceptive debt collection practices is raising questions about read more

Credit Union Declines Wendy’s Card Use
Posted: Oct 12, 2016 by pearlbrown  |  0 comments  |  Financial News

One Michigan credit union announced they are temporarily declining any use of its credit and debit cards at Wendy's restaurants.  The $301-million read more

CFPB Is Unconstitutional, But Not Out Of Business
Posted: Oct 12, 2016 by pearlbrown  |  0 comments  |  Financial News

A federal appeals court on Tuesday ruled that the organization of the CFPB is unconstitutional since it is operated by a single person, but the court read more

Special 20-Month Certificate 2.00% APY
Updated: Sep 30, 2016 by Frank Walker  |  4 comments  |  Bank Deals

2.00% APY 20-month term $20,000 maximum balance $20 minimum to open Certificates | Navy Federal Credit Union

Fraud Ring Hits Credit Unions And Banks
Posted: Sep 14, 2016 by pearlbrown  |  0 comments  |  Financial News

Six credit unions, a corporate credit union and 20 banks throughout the nation were victimized by a fraud ring that operated out of a Massachusetts read more

Criminals Exploit Text Message Authentication
Posted: Sep 12, 2016 by pearlbrown  |  0 comments  |  Financial News

The National Institute of Standards and Technology, which publishes guidelines, recently confirmed something security professionals have been saying for read more

Former CEO Embezzles $2.3M From $2M Credit Union
Posted: Sep 12, 2016 by pearlbrown  |  0 comments  |  Financial News

Although Veterans Health Administration Credit Union had $2 million in assets when it was liquidated by state regulators in March, VHACU’s former read more

Retailers Fight Effort To Repeal Durbin Amendment
Updated: Sep 8, 2016 by Frank Walker  |  2 comments  |  Financial News

A group of more than 400 retailers have entered the fray over the so-called “Durbin Amendment,” calling on House Republicans to abandon efforts to read more

Evolve FCU Changes Requirements On Epriority Checking Account / Info On How To Close Accounts
Posted: Sep 8, 2016 by pearlbrown  |  0 comments  |  Bank Deals

Although this is not a "deal", am posting the info in this forum so that members of the community who have requested alerts for the credit union will be read more

Lending And Delinquencies Increase In Q2: NCUA
Posted: Sep 7, 2016 by pearlbrown  |  0 comments  |  Financial News

Total loans outstanding at federally insured credit unions increased to $823.4 billion during the second quarter of 2016, an increase of 10.5% from a read more

Credit Union Under Embezzlement Probe Loses Two CEOs In Five Months
Posted: Aug 31, 2016 by pearlbrown  |  0 comments  |  Financial News

A West Virginia credit union under an FBI embezzlement investigation lost its second manager/CEO in the last five months. Alexandria L. Frangos left for read more

When A Broker Offers A Bank CD: It Pays To Do Some Research
Updated: Aug 28, 2016 by paoli2  |  1 comment  |  Financial News

Refresher from the FDIC on this popular topic. 

Average Retiree Will See Social Security Benefit Decrease
Updated: Aug 28, 2016 by paoli2  |  1 comment  |  Financial News

Those in retirement who are receiving Social Security benefits and are enrolled in Medicare may want to sit up and take notice of the latest Medicare read more

5 Common Misconceptions About FDIC Insurance ... And The Real Facts
Updated: Aug 28, 2016 by paoli2  |  3 comments  |  Financial News

A refresher for some members of the DA community, new info for others.