Covering Canadian Credit Unions
Forty-eight issues a year with anywhere from 25-60 stories about CUs and co-ops ... that’s our yearly output. Very few issues contain under 30 stories. It’s a lot of news. Where do we get it all from? Websites. We regularly check over 500+websites: all Canadian CU, Centrals, co-op organizations, CU service sites, companies that do business with CUs, government, agency and pertinent international sites. Press releases. We are on nearly 100 ... [Continue reading ...]
Global Payments Inc, a company that processes payments for Visa and Mastercard, announced on Friday, March 30, 2012 that it had identified unauthorized access into its processing system. According to the company, the affected portion of its processing system is confined to North America and, in its own words “ ... less than 1,500,000 card numbers may have been exported.” On Friday, ZDNet reported that the companies alerted banks of the breach, ... [Continue reading ...]
Looking for a cool online game to help kids learn about internet fraud? We give details in the latest edition of CU Newswire, Ups and Downs, published today. We also report on the spate of company results that come out at this time, and the state of the Canadian CU scene as a whole. But, not only have company results come out at the end of this month, Facebook is changing too. If you haven't looked at your company's page on facebook recently, take a ... [Continue reading ...]
Compared with Canada, CU membership in the UK is tiny. WOCCU figures for 2010 show that only 2.2% of the UK’s economically active population are members – that’s compared to Canada’s 46.2%. It’s ironic, considering that the UK was the home of the current world-wide co-operative movement. One of the reasons is that successive governments have held them back with restrictive regulations. Another is the problem of perception. In the UK CUs are ... [Continue reading ...]
I always find it fascinating when I come across a video such as this when people talk about the advantages of co-operatives as if they were brand new. I know, I know, if you watch the mainstream business press it is like co-ops and credit unions barely exist. Yet statistics show that there are three times the number of people who belong to a co-op than those who own stock. If the International Year of the Co-operative was not going on right now, I ... [Continue reading ...]
It can happen to anyone. Every year, thousands of Canadians fall victim to fraudsters, fakes, phishing, and other scams. The dollar value of attempted fraudulent activity is staggering according to Equifax, Canada. According to their figures, there were more than $650 million in fraud incidents detected across Canada in 2011. “The greatest dollar value of detected fraud activity is within mortgage applications, at over $400 million,” says John ... [Continue reading ...]
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Sample copy 29 February 2012 Volume 5 Issue 8 Behind the Scenes: Fraud is always the flavour of the month ... ... [Continue reading ...]