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#creditunions — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #creditunions, aggregated by home.social.

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  1. Four decades of community investing across Canada

    In the 1980s, Canada was in the grips of a severe recession. In Saskatchewan, where the agricultural sector…
    #Canada #communitybond #CreditUnions #Investing
    europesays.com/canada/250648/

  2. It’s getting to be impossible to avoid AI…
    Recently my bank started integrating one.

    I can always use a local credit union, and I do for some things… but the high APY and other features are keeping me stuck with my bank…

    #Banking #AI #Money #CreditUnions #Financial

  3. A small thought experiment on public financial rails.

    The recent failure of the CLARITY Act vote in the Senate creates a unique window for Credit Unions to build municipal transport layers under the GENIUS Act using multi-owner CUSOs.

    ​Here is a blueprint for how a federated mesh of credit unions can act as a city's financial data layer without breaking NCUA capital rules:

    docs.google.com/document/d/1n7

    #CreditUnions #Fintech #CUSO #GENIUSAct #PublicBanking #DeFi

  4. Puerto Rico credit unions receive $9.8M in US Treasury funds - News is My Business newsismybusiness.com/puerto-ri

    Seventeen #PuertoRico #creditunions have received about $9.8 million from the U.S. Treasury Department’s Community Development Financial Institutions Fund to expand lending, strengthen financial services and support #smallbusinesses and communities, according to an announcement from Inclusiv. #cooperatives #socialsolidarityeconomy

  5. YIKES! Nothing in the news about this, however, this breach may have affected #CreditUnions !

    #TruStage #Cyberattack Recovery Efforts and #Consumer Impact

    Aug 26, 2026

    "TruStage has been working to restore its operations following a cyberattack that occurred six weeks ago, affecting a significant portion of its technology infrastructure.

    This attack has disrupted services across its credit union members and consumers, leading to issues like delayed insurance payments, inaccessible retirement funds, and complexities in processing life insurance claims. According to TruStage's Outage Tracker, core services such as GAP and mechanical-repair claims, premium payments, and annuity transactions remain impacted. The company is urging credit unions to continue gathering claims-related documentation for follow-up once systems are fully restored.

    Consumer Concerns Amid Disruptions

    Consumers have expressed frustration over these ongoing disruptions. Platforms like Reddit and Trustpilot are flooded with reports from individuals struggling to process life insurance claims, some of which have yet to be resolved, putting families in financial strain. Delays in claims for #FuneralExpenses and #DisabilityBenefits amplify the concerns of those affected. #CreditUnions, operating under these circumstances, face their own reputational challenges as they address member inquiries without direct control over the recovery process.

    TruStage Recovery Efforts & Assurance

    Despite the hurdles, TruStage assures stakeholders that recovery efforts are progressing. Chief Administrative Officer Greg Holman communicated that service operations are improving, with resumed call center operations and the reinstatement of monthly ACH consumer billing. Efforts to restore #retirement and wealth management services have seen most plan participants regaining access to their funds. Notably, no annuity or retirement plan assets were compromised."

    Read more:
    insurasales.com/news-story/335

    #US #Cyberattack #InsuranceCompany #LifeInsurance #Databreach #SensitiveInformation

  6. CEO who posted ‘Lake America’ sweatshirt photos has left the company

    U.S. President Donald Trump sits next to a map with “Lake America” written on it as he attends…
    #NewsBeep #News #Topstories #BreakingNews:Politics #businessnews #CreditUnions #DonaldTrump #donald-j-trump #GreatLakes #Headlines #Michigan #Politics #TopStories #UnitedStates
    newsbeep.com/745825/

  7. South Korea’s Major Bank Deposit Rates Rise to 3.6% While Savings Banks Cut Rates for Second Straight Month — BigGo Finance

    Following the Bank of Korea’s benchmark rate hike, South Korea’s major commercial banks and mutual finance institutions have…
    #EuropeSays #Korea #KR #BankofKorea #BOK #COFIX #CreditUnions #HanaBank #KBKookminBank #MGCommunityCreditCooperatives #NHNongHyupBank #SavingsBanks #ShinhanBank #WooriBank
    europesays.com/korea/152505/

  8. Is Hungary’s R34DY the Answer to Banking’s Legacy Systems Crisis?

    Summer makes networking harder for fintech startups. Events like Money 20/20 or Fintech Connect are in the rear-view…
    #Hungary #HU #Europe #Europa #EU #creditunions #hír #hungary #Magyarország
    europesays.com/3173524/

  9. 15 June, 7pm, UK time: We’d like to invite you to join the next Co-operative Conversation with Pål Vik. Pål is a senior research fellow at Salford University with an interest in financial inclusion and community finance. More info & to book a free place, visit ukscs.coop/events/co-operative
    #coop #creditunions #cooperatives

  10. With the continual consoldiation of BC Credit unions to entities that become larger and larger the service levels gets worse. All the promises of better service and better products are just blather in order for members to think that merging will be better for them. NOT. They are now mini-banks. #creditunions #banks #beemcreditunion

  11. Didn't realize this until now, but the D.C. government website has a complete list of credit unions in D.C.! #cooperatives #creditunions #banking #money

    List of Federal Credit Unions ...

  12. europesays.com/ie/361223/ Money experts on the pros and cons of borrowing – and whether they have any loans themselves #BANKING #Business #CreditUnions #Éire #IE #Ireland

  13. 🔍📈 Oh joy, yet another digital doodad claiming to demystify the world of mortgages. Because what everyone really needs is a monotonously updated spreadsheet of numbers from 120 credit unions. Can't wait to see how this revolutionizes home buying—truly an Excel-lent innovation! 😂🏡
    finfam.app/blog/credit-union-m #digitalmortgages #innovation #homebuying #fintech #Excelhumor #creditunions #HackerNews #ngated

  14. Minnesota Credit Union to Launch Stablecoin; Claims to Be First in U.S. - St. Cloud Financial Credit Union (SCFCU), a Minnesota-based institution with over $400 mi... - coindesk.com/business/2025/09/ #creditunions #stablecoins #metallicus #exclusive #finance #news

  15. Alex Manella of Michael Walters Advertising named Credit Union Times 2025 Luminary, recognized for innovative marketing and commitment to financial cooperative principles. Championing 'people helping people' approach. #CreditUnions #Leadership

  16. duckduckgo.com/?t=fpas&q=canad

    National Bank hosers, q3 profits $1.1b (not revenue, profits)

    TD $3.3b

    RBC $5.4b

    Scotia Bank $2.5b

    CIBC $2.1b

    Bank of Montreal $2.3b

    This is allllll your money. In just 3 months.

    $16.7b.

    Also, we need to bring back the bank surtax. Cutting Carney won't though.

    Fire your bank. Join a credit union where WE are the shareholders!

    #cdnpoli #canada #coops #fascism #antifa #elbowsup #bcpoli #vancouver #burnabybc #canlab #banks #creditunions #greed #billionaires

  17. #Banking #Outage Leaves Customers Without Account Access

    Updated: May 2, 2025 By Robert Farrington

    Excerpt:

    "Banking Grinds To A Halt

    "#Fiserv supplies the infrastructure behind many major financial institutions’ digital platforms. When its systems fail, the effects cascade quickly across the financial ecosystem.

    "Banks affected include major players such as #Ally, #BankOfAmerica, #TDBank, #CapitalOne, #Synchrony, and #CitizensBank, as well as #RegionalBanks and local institutions like #NorthwestBank, #SunflowerBank, and #FarmersNationalBank in Ohio. #CreditUnions such as Navy Federal. Even money transfer service #Zelle appears to be impacted.

    "Customers have reported a range of issues: locked accounts, unavailable balances, non-functioning transfers, and missed direct deposits.

    "One IT staffer at a bank impacted by the outage shared on Reddit, 'It's been a nightmare. ACH files, Zelle, BillPay, and more have all been impacted.'

    "Fiserv has not confirmed what the cause of the incident is. According to reports, the outage allegedly appears to have originated from problems with its core processing software (DNA) and related services like Nautilus (document and content management) and Payment Exchange (real-time transfers).

    "While some functionality has returned for select services, many banks are still experiencing intermittent issues as of Friday afternoon.

    "We reached out to Fiserv for comment but as of publication had not heard back. As of now, Fiserv has not released a public timeline for full restoration or details of the cause of the incident.

    "This incident is more than just an inconvenience - it highlights how fragile the digital banking experience can be when so many institutions rely on a single vendor.

    "Fiserv supports everything from transaction processing to statement delivery. When one system fails, it's not just a front-end website that goes dark. Payments don’t go through. Payroll deposits don’t arrive. Consumers lose access to their money."

    thecollegeinvestor.com/57421/b

    #USBanks #BankingOutage #OnlineBanking

  18. Gotta wonder WHAT happened?!!

    Wikipedia:" #Fiserv , Inc. is an American multinational company headquartered in Milwaukee, Wisconsin. Fiserv provides financial technology and services to clients across the financial services sector, including #banks, thrifts, #CreditUnions, securities broker dealers, #mortgage, insurance, leasing and finance companies, and retailers."

    #BankingOutage #OnlineBanking

  19. In addition to providing accurate and relevant text translation, we facilitate professional simultaneous and liaison interpretation for remote or on-site conferences and meetings across the US and #PuertoRico. 🎙️🎧🧑‍💻

    Let our expert #translators and #interpreters build bridges between you and your multilingual customers. 🌉

    Follow @traducoop on Meta, LinkedIn, and Mastodon to learn more about our services and cooperative mission. 🐙📖

    #CDFIs #CDCUs #Inclusiv #CreditUnions #Cooperativas #FCUs

    /2

  20. At a time when division often dominates the headlines, #Inclusiv continues to lead with a mission rooted in #Accessibility and #Inclusion, understanding the value of partnering with a single language services vendor that understands and amplifies their message. :TwinPines:

    THANK YOU for inviting us to serve #LanguageJustice at #Inclusiv2025 in #Cleveland this year. ¡Fue todo un éxito! 🙌

    #CDFIs #CDCUs #Inclusiv #CreditUnions #Cooperativas #FCUs

    1/

  21. @GossiTheDog

    Yeah capitalism has always been filth.

    I think the time has passed for us to point out their hypocrisy. We've been doing it about #MAGA for 10 years now. They revel in how it annoys us. They think we're cucks.

    We know they're irrational. They don't care. They don't think like us. Maximize shareholder wealth psychopathy.

    We need #creditunions and #workercoops now! Fuck capitalists.

    #cdnpoli #canada #mexico #fascism #antifa #elbowsup

  22. If you support #CreditUnions providing financial services in locations #Capitalist banks have abandoned and at lower costs please consider asking Congress to continue their not for profit status. Americans could lose their most trusted financial partner. #DontTaxMyCreditUnion
    Take action at: donttaxmycreditunion.org/

  23. 6/

    I would love to see #washingtonstate use regulation to encourage more #mutualistic #housing. City/county/state #statues to give tax breaks for #creditunions that provide #capital for #housingcoops to get started, #realtors to sell to cooperatives, support for super #local #coop #nonprofits. I don't know what that infrastructure is like, but am looking for it.

    #homelessness #unhoused #urban #housing

  24. For more detailed guidance, refer to the full content on the NCUA website.

    Read more 👉 lttr.ai/AYkm2

    #Security #Infosec #CreditUnion #CreditUnions

  25. Happy International Credit Union Day!

    The first smart financial choice I made was to ditch my bank and move to a credit union.

    The next steps were saving 10%, reducing unnecessary expenses, conscious spending habits, getting out of debt, changing jobs, building an emergency fund, and investing.

    Credit unions are non profits and typically have no or low fees for their services. Keep your money safe from bad banks!



  26. @statsguy Does the UK have #CreditUnions? Sounds like you need an institution that works FOR you.

    en.wikipedia.org/wiki/Credit_u

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