NAFCU’s 50th Annual Conference and Solutions Expo kicks off in Honolulu

CU Insight

Credit union professionals from across the country are gathering today to kick off the NAFCU’s 50th Annual Conference and Solutions Expo in Honolulu. The post NAFCU’s 50th Annual Conference and Solutions Expo kicks off in Honolulu appeared first on CUInsight.

Bank of Hawaii's profits climb 22% on surge in consumer lending

BankThink

Loan growth, fueled by increased tourism spending, more than offset a sharp drop in fee income at the Honolulu company. Consumer lending Earnings Fee income

Toyota Brings Car Sharing To Hawaii

PYMNTS

Toyota has announced that it is offering a car share service for residents and visitors in Honolulu, Hawaii. And thanks to Servco’s strong relationships with consumers and extensive knowledge of this market, Hui will be the most accessible car share service in Honolulu by far.”. The new mobility solution called Hui — a round-trip, station-based car share service — is operated by Servco Pacific ( Servco ), Toyota’s distributor in Hawaii.

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Real Estate Money Laundering An Increasing Focus Of Governments

PYMNTS

The rule applies to all title companies that deal in markets that have luxury real estate including Boston, Chicago, Dallas-Fort Worth, Honolulu, Las Vegas, Los Angeles, Miami, New York City, San Antonio, San Diego, San Francisco and Seattle, noted the report.

Bank of Hawaii beats estimates as loan demand surges

BankThink

Double-digit growth in loan volume offset a decline in fee income at the Honolulu company. Earnings Commercial lending Mortgages Auto lending

BNP Paribas to Spin Off First Hawaiian Rather than Sell It

American Banker

First Hawaiian Bank in Honolulu will be spun off rather than sold. dealmaking-strategy breaking_news capital strategic-alternatives hi community-banking

Krebs: Card breach at Trump hotels

CU Insight

KrebsOnSecurity has identified a potential card breach affecting Trump hotels in Chicago, Honolulu, Las Vegas, Los Angeles, Miami and New York. Uncategorized Chicago Honolulu KrebsOnSecurity Las Vegas Los Angeles MIAMI NAFCU Today New York Trump hotels

Fee Income, Loan Growth Lift Bank of Hawaii's Results

American Banker

Bank of Hawaii in Honolulu reported higher quarterly profit that reflected deposit growth. breaking_news earnings-community-banks performance hi community-banking

First Hawaiian reports 13% profit jump; plans stock sale

BankThink

The Honolulu company plans to sell off more shares still owned by BNP Paribas and BancWest. Commercial banking Consumer banking Mortgage originations Hawaii

Strong state economy boosts Bank of Hawaii

BankThink

Expanded lending across a broad range of categories and extremely low unemployment in Hawaii pushed up the Honolulu bank's quarterly profit. Earnings Commercial lending

State's economic strength boosts Bank of Hawaii profits

BankThink

Hawaii's booming economy contributed to the Honolulu bank's 10% increase in loans and 9% increase in deposits in the third quarter. Earnings Mortgage applications Regional banks Sailthru NMN origination no display Hawaii

Credit unions must fight for better regulation

CU Insight

NAFCU is also preparing compliance tips and guidance for credit union professionals planning to attend our upcoming 50 th Annual Conference & Solutions Expo in Honolulu, Hawaii, June 13-16.

FinCEN Tightens Real Estate Cash-Buyer Reporting Threshold

PYMNTS

The Financial Crimes Enforcement Network (FinCEN) announced that it has issued revised Geographic Targeting Orders (GTOs), which will now require U.S. title insurance companies to identify the individuals behind shell companies involved in all-cash purchases of residential real estate.

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CU Buys Naming Rights to Aloha Stadium Field

Keith Leggett's Credit Union Watch

Hawaiian Tel Federal Credit Union (Honolulu, HI) bought the naming rights to the field of Aloha Stadium. The credit union will pay $275,000 per year as part of the agreement. The deal is for three years. The field will be officially called the Hawaiian Tel Federal Credit Union Field at Aloha Stadium. Read the story. Naming Rights

First Hawaiian Plans $558M IPO

American Banker

First Hawaiian Bank in Honolulu expects to raise up to $558 million in an initial public offering after its parent BNP Paribas Group decided to spin off the unit rather than sell it. breaking_news community-banking national-regional capital strategic-alternatives hi dealmaking-strategy

Trump Hotels Reportedly Breached

PYMNTS

The fraud seemingly involved cards used across several properties, such as the Trump International Hotel, which is based in New York, the Trump Hotel Waikiki, which is located in Honolulu, and the Trump International Hotel & Tower in Toronto.

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Hawaii Goes Cashless For Marijuana

PYMNTS

Helen Cho, director of the Honolulu-based Aloha Green dispensary , said dispensaries won’t be required to go cashless and the company won’t turn away patients who prefer to pay in cash. Hawaii announced that it is planning to be the first state to offer cashless cannabis sales in an effort to avoid robberies and other crimes targeting marijuana dispensaries.

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Warehouse Space Going For Premium Rates

PYMNTS

The only markets that did not — thanks to a bevy of recently completed construction projects — included Houston, Cincinnati, Denver, Minneapolis, California’s Inland Empire, South Central Pennsylvania, Cleveland and Honolulu. Brick-and-mortar merchants are far from being free from the problems that plague their particular brand of retail, but even they have to look at online retail rising rents for warehouse space with a little bit of mirth.

Bank of Hawaii’s 1Q Earnings Surge on Loan Growth, Visa Sales

American Banker

Bank of Hawaii in Honolulu said Monday that its first-quarter profit increased 18.3%, to $50.2 million, from a year earlier thanks to strong loan growth, improved credit quality and a hefty gain on sales of its Visa shares. breaking_news performance hi community-banking

Former police chief & prosecutor indicted for bank fraud

CU Insight

Federal prosecutors indicted former Honolulu Police Chief Louis Kealoha and his wife, Katherine Kealoha, a former supervisor attorney for the Honolulu prosecutor’s office, last week with 20 counts of bank fraud, criminal conspiracy, obstruction of justice, making false statements to a federal officer and aggravated ID theft. District Court in Honolulu. She flew to Honolulu for the court hearing and addressed the media.

Offering advisory services: Piecemeal or holistic approach?

Sageworks

The challenge with the piecemeal approach right now is that every project becomes a new and different project,” says Donny Shimamoto, CPA.CITP, CGMA, founder of advisory-focused CPA firm IntrapriseTechKnowlogies LLC in Honolulu and a nationally recognized accounting technology thought leader. “If

While Some Malls Are On The Decline, Other Malls Bring In Billions In Sales

PYMNTS

When GGP went to sell a 25 percent stake in Honolulu’s Ala Moana Center, the mall was worth a grand $5.5 A year after General Growth Properties’ (GGP) Providence Place opened in 1999, the mall boasted 120 tenants, including a slew of upmarket retailers, seven restaurants and two cinemas. The building, which was built at a cost of half of a billion dollars, contained nearly 1.3 million square feet of space — and quickly became a hot retail destination.

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Does Trump’s Cybersecurity Platform Have A Leg To Stand On?

PYMNTS

The impact of the breach could reach customers who used debit or credit cards at seven of the chain’s hotels, including: Trump SoHo New York; Trump National Doral in Miami; Trump International New York; Trump International Chicago; Trump International Waikiki in Honolulu; Trump International Hotel & Tower Las Vegas; and Trump International Toronto. This week, Donald Trump clenched the title of president-elect of the United States.

Retailers Look To Digital Technologies After Beating The Street

PYMNTS

To further its expansion efforts, Grubhub has rolled out its food delivery service to several smaller cities, such as Charleston, South Carolina; Honolulu, Hawaii; Memphis, Tennessee; Shreveport, Louisiana and Portland, Maine. Retailers and retail landlords are reporting strong first-quarter earnings results, beating analysts’ expectations in many cases. Buoyed by strong consumer spending and its resilience in the U.S.

Seven CUs Repurchased Some or All of Their CDCI Investments in 2015

Keith Leggett's Credit Union Watch

Prince Kuhio Federal Credit Union (Honolulu, HI) on September 9 bought back in full its CDCI investment of $273,000. Seven credit unions repurchased all or part of their outstanding Community Development Capital Initiative (CDCI) investments from the U.S. Treasury in 2015. The evidence suggests that the pace of CDCI repurchases by credit unions accelerated in the second half of 2015.

In Hawaii, Streamlined Mass Transit In The (HOLO) Cards, Beyond The Paper Pass

PYMNTS

He told PYMNTS that the rail transit project currently under construction in Honolulu has offered a “good opportunity” to introduce smart cards, as the train system will have no drivers (i.e. You may be familiar with the drill: Get on the bus — or the train — and get out the ticket. The paper one, the one that gets punched (yes, that’s still a thing!) or gets put in the slot to log your fare and is returned to you.

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Techy Turkey Day: How Technology Has Changed America’s Trademark Holiday

PYMNTS

on or around Thanksgiving, and as the years went on, networks began to cover more and more of them, even including taped footage from the Toronto Santa Claus Parade and the Aloha Floral Parade in Honolulu, which takes place much earlier in the season. When the pilgrims landed in Cape Cod, Massachusetts, in 1620, there was no voice of Siri to say, “Arrived.” The only parade that November was one of tired, hungry pioneers disembarking a ship.

A little weekend reading.

Musings from the CU Suite

I'm packing my bags, as NAFCU's 50th Annual Conference awaits in Honolulu, Hawaii. I have a soft spot in my heart for Honolulu. Compiled by Anthony Demangone, Powered by NAFCU. It is where Mandy agreed to become my wife. 

Making great conversation

CU Insight

As I prepare for NAFCU’s 50th Annual Conference and Solutions Expo next week in Honolulu, I look forward to the many, many conversations I’ll be having with the association’s members and conference attendees.

Bank Dividends: Go Ahead and Drink The Kool Aid

Jeff For Banks

Let's look at Territorial Bancorp in Honolulu, the holding company for Territorial Savings Bank. Dividends are no longer sexy. So says Rob Isbitts, a Forbes contributor in a recent article that he penned. Not sure they ever were sexy, but he has a point.

Former CU employees indicted in Hawaii fraud case

CU Insight

District Court in Honolulu. In less than a month, a second fraud case involving a Hawaiian credit union is being prosecuted against a former president/CEO and a former employee who allegedly embezzled more than a $1 million.

Former credit union employee sentenced for $300,000 embezzlement

CU Insight

billion HawaiiUSA Federal Credit Union in Honolulu in December 2015. In February, a former credit union accountant will begin her two-year prison sentence for stealing more than $300,000 from the $20.9 million Independent Employers Group Federal Credit Union in Hilo, Hawaii.

Hawaiian Credit Union faces major social media boost

CU Insight

billion Honolulu-based Hawaii State Federal Credit Union to make technological and marketing strides with its members that rivals its competition on the islands. An aggressive social media campaign enabled the $1.4

Former CU CEO sentenced to seven years for embezzlement

CU Insight

Watson in Honolulu also ordered Allennie Naeole to pay $1,055,188 in restitution and four years of supervised release following her prison term. A former president/CEO, who embezzled more than $1 million that led to the closure of a Hawaiian credit union and a loss of more than $2 million to NCUA’s insurance fund, was sentenced last week to seven years in federal prison. District Court Judge Derrick K.

Former CSR/teller sentenced to 4 years

CU Insight

Watson in Honolulu ordered Janell Purdy on July 19 to pay $949,736 in restitution and three years of supervised release following her prison term. A former customer service representative and teller was sentenced last week to more than four years in federal prison for her role in the conspiracy to embezzle funds that led to the liquidation of a Hawaiian credit union and a loss of more than $2 million to NCUA’s insurance fund. District Court Judge Derrick K.

Former CU CEO & teller plead guilty to $1 million embezzlement scam

CU Insight

District Court in Honolulu in February. A former credit union president/CEO and a former employee admitted they embezzled more than $1 million that led to the closure of a Hawaiian credit union and a loss of more than $2 million to NCUA’s insurance fund. Allennie Naeole, the former president/CEO of the $3.1

This week: NAFCU celebrates 50 years, in Hawaii; TCPA, patent hearings ahead

CU Insight

NAFCU this week is celebrating its 50th anniversary with credit unions during its Annual Conference and Solutions Expo in Honolulu.

Berger opens NAFCU Annual Conference general sessions, live

CU Insight

NAFCU President and CEO Dan Berger, in a message that will be streamed live , today will highlight the association’s accomplishments and credit union industry milestones during the opening general session of NAFCU’s 50th Annual Conference and Solutions Expo in Honolulu.

Another rotation; Another Opportunity

Musings from the CU Suite

Honolulu, HI.  Written by Anthony Demangone. Baseball's Spring Training is upon us. I won't bother you flowerful language showing how Spring Training is a metaphor for life's opportunities and new beginnings. (It's It's true. But I won't talk about that.).

A little of this, a little of that in the waning days of August

CU Insight

Transactions conducted in Honolulu, Hawaii, are now included under the revised GTO, making a total of seven major metro areas where U.S.

Power of a frown

CU Insight

At NAFCU, we’re all gearing up for our 50th Annual Conference next week in Honolulu, Hawaii. I’m going through my pre-conference checklist. What to pack. Drop off and pick up the dry cleaning. Also on that list? Smile. That’s right. I am reminding myself to smile.

The Power of a Frown

Musings from the CU Suite

At NAFCU, we're all gearing up for our 50th Annual Conference next week in Honolulu, Hawaii. Written by Anthony Demangone. I'm going through my pre-conference checklist. What to pack. Drop off and pick up the dry cleaning. Also on that list?    Smile. That's right. I am reminding myself to smile. Conferences are wonderful. They are fun! But if you are the host, conferences can throw you a few curveballs. 

NAFCU’s 50th: Berger touts credit unions’ vision, focus on members

CU Insight

NAFCU President and CEO Dan Berger said a bright future lies ahead for America’s credit unions as they work to “accomplish extraordinary things” on behalf of their members during opening remarks Wednesday at NAFCU’s 50th Annual Conference and Solutions Expo in Honolulu, Hawaii.