Quicker Service Transparent Fees
TRUST IN YOUR AMC.
CUAppraisal.indd 1 15/06/17 11:14AM
cutimes.com | Credit Union Times | June 21, 2017 | 5
hese reader comments
addressed a California
credit union merger,
Apple’s new P2P and
CU news out of Washington.
“Billion Dollar Califor-
nia Credit Unions Merge,”
Who planned this merger?! (
California Credit Union and Island?)
It was supposed to be done in
May but it’s now June and you
can’t see credit card details, make
payments online or even make
payments on your LOC account!
LAME! Did the IT department not
work out any details before they
started? Did the execs say “just get
‘er done!” [even though] the IT department wasn’t ready? This has
been a LOUSY MERGER from the
point of view of the customers!
Not only has the ‘new company’
not informed customers of important information like the new website name, they haven’t even told
their own people where to send
customers for information (like
credit card details). I called for
help and was sent to a tab within
the website that didn’t work. My
sister also called and was sent to
a strangely-named website (what
were we supposed to do, guess??)
BAD FORM IT department. We
are not impressed.
Tricia Miller Guy
“CUs Could Cash in on
Apple’s Big Move Into P2P,”
With all these “stored value” apps
and cards, where are the regulations? How are the regulators making sure that these are BSA compliant? Regardless of what you call
them – store value cards, apps, etc.
– they act like a credit union/bank
and they must be regulated as one.
We should not let “Uber” unfairness
happen in the financial services industry. Let’s see how well they do
with the regulatory requirements.
“Troubles for CFPB’s Cordray,
House GOP Staff Want Him
Held in Contempt,” June 7
So ... the CFPB learned about
Wells Fargo’s shenanigans in 2013
and took three years to stop it. Yes
sir, that is fast action. Love the
“just two years after opening our
doors” part. What does that even
mean? Then, they “put the entire
industry on notice that this con-
duct will not be tolerated.” Really?
“Auto Loan Fraud Losses Ac-
celerate at Credit Unions,”
This is an excellent article Peter
[Strozniak]. Thank you for reporting on this issue. Very comprehensive and insightful.
“NCUA Proposes Changes for
Merger Disclosures & Trans-
parency,” May 25
This requirement is long overdue
– as is regular, at least annual, disclosure of salaries and benefits
paid to executive management.
In the story “Comply Now: Six
Regulatory Considerations for
CUs and Fintechs” on page 14
of the June 14, 2017 issue of CU
Times, the headshots for Jamal
Ahmad and Xavier Oustalniol
of StoneTurn were mistakenly