UT Federal Credit Union’s Post

We can't let this "Daggum That's Good" day go by without showing off some of BEST we know - our #GKCU staff. (It's #nationalemployeeapprecationday after all too!) Thanks to our branch teams in Andrews, Kingstree, Pawleys Island, Fraser, Bourne who help our members meet their financial goals. And to the ones "behind the scenes" in Operations, Collections, Contact Center, IT and Management - you go above & beyond to keep the credit union 'rockin' along! What a great way to celebrate you all. #peopleservingwithpurpose #legacyofimprovinglives

Wells Fargo is a symbol of denial and irresponsibility VOLUME IV COLLECTIVE INJUSTICE PROFESSOR DR. M.E. FAYAD will be published soon on all platforms and international publishing houses. Wells Fargo: a symbol of denial and irresponsibility I became at the end of my rope after my rights were lost, my reputation was tarnished, and my financial and social situation was weak when my ex-wife seized the opportunity to open two accounts at Wells Fargo Bank without my knowledge in 2012. Moreover, in collaboration with a bank employee, she forged my signature during my illness and heart transplant in July 2016. My ex-wife kept withdrawing large sums of money from those accounts. After discovering the two accounts in 2018, they were closed. As a result, this matter left a bad reputation in my financial situation and significantly harmed me. Due to this, I fell into significant problems, including being de- prived of financial transactions with the bank and being refused any re- quests I submitted. Moreover, funding sources stopped, and many of my projects stopped with them. My request to open an account for my publishing house was denied de- spite having all the necessary legal papers. Then, I submitted complaints to the bank to investigate the matter, primarily related to the crime of forging my signature. Still, the case has not been decided so far, and my complaint has not been answered nor investigated as if I were screaming in a desert where no one responded to my call or felt my suffering. The ugliest thing is the inhumane treatment that the bank employees at Wells Fargo used to deal with me. The bank took arbitrary measures against me and my commercial accounts and regularly disbursed vast sums of money to several institutions without my consent. The bank deliberately spent vast sums of money on my ex-wife, who withdrew my savings and money without my permission and knowledge, not to mention the mistreatment by the bank employees. https://lnkd.in/gz8RwcaV

🗨 Let's not enjoy the process / Learn from your past mistakes…   …wise words from Mari Mõis of Luminor Group and Nora Ilmoni of Danske Bank regarding the complexities of internal investigations: 🕵♀️ Determine what needs to be investigated, make decisions, and move forward; 📢 Inform the relevant regulators early in the process; 🗣 Interview people and appreciate local nuance – don't underestimate the human element of investigations.   An excellent panel moderated by Ryan Junck, Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates for #EconomicCrimePrevention – #NordicsLive highlighting risks in cross-border investigations and focusing on best practices. ⚡ As for black spots going forward? We all had #CyberThreat and #Geopolitics on the cards…

Alix Prentice looks at the UK's Financial Conduct Authority's recent observations on firms’ market abuse surveillance arrangements; Mercedes Tunstall shares why you should care about Colorado attempting to opt-out of the Depository Institutions Deregulation and Monetary Control Act of 1980; and more in this week's #FinancialServices newsletter. Read here: bit.ly/3UIAukc

🔗 Moelis places banker on leave as it investigates New York scuffle - Financial Times Have you heard about the latest news? Moelis & Company has made the decision to place one of its bankers on leave while they conduct an investigation into a recent scuffle in New York. This incident has raised concerns, and I believe it’s important for all professionals in the finance industry to take note of decisions like these. It’s a reminder of the high standards and conduct that are expected of us in our roles. You can read more about this story in the Financial Times. It’s always crucial to stay informed about the happenings in our industry. Stay tuned as we can continue to follow this story. #MoelisAndCompany #FinanceIndustry #ProfessionalConduct https://ift.tt/IWp8wnb

I went into this business knowing almost everyone wants to retire and they need professionals to maximize their strategy. What I didnt expect was their to be so much smoke and mirrors in the business practices and how firms operate. Even licensed advisors don't know exactly what they are getting into until they are years deep into the business. It's hard to take time aside to learn and dive deeper into your finances, but it can make the world of a difference to understand what you are doing and why. Great post from an advisors perspective on going independent.

SYL SPOTLIGHT: Megan Fey Why did you join SYL? I joined SYL to continue to grow my skill set and be able to really jump into the Credit Union experience. I wanted to be a part of something that can help other Credit Union employees in their journeys within the Credit Union system and be able to connect with other Credit Union employees with a similar mindset as myself. What is the best piece of advice you have ever received? The best piece of advice I have ever received is to stay true to myself. No matter what else is going on around you, keep true to your values and do what you feel is the right thing. What do you wish someone taught you a long time ago? I wish someone would have taught me how to manage my time and take more time for myself … OR how to change my own oil.. It’s surprisingly easy.

📢 Exciting update! Moelis & Company has placed a banker on leave as it investigates a New York scuffle. Read all about it in the Financial Times article below. The financial world is buzzing about this development - join the conversation and share your thoughts! #Moelis #Banking #FinancialTimes https://ift.tt/IWp8wnb

In light of the recent news that courts have unfortunately sided with the US Chamber and other trade groups and halted implementation of the modernized Community Reinvestment Act (CRA) rules, I wanted to share some data from Atlanta Wealth Building Initiative ‘s research. It’s worth revisiting the point that CRA enforcement is so important for addressing the banking industry and federal government’s very explicit racist redlining laws and practices, which we’re still dealing with today. And although the update wasn’t perfect, it was a step in the right direction. We cannot go backwards when we’re still losing so much ground when it comes to building the wealth of Black folks. #community #wealth #banks #accesstocapital #housing #homeownership

🏦 Big Firms vs. Credit Unions: David & Goliath 2.0 🥊 Ever felt like big firms are just taking advantage? You're not alone. Many feel like their clock's being cleaned by Wall Street giants. But here's our secret weapon: Credit Unions. They're not just banks; they're your financial safe harbors in stormy markets. Trust isn't built on logos, but on love. Which would you prefer: a big name or a big heart? Comment below! #CreditUnionChampion #FinancialSafeHarbor #PeopleFirstBanking