DONATIONS Royal Credit Union, Eau Claire, Wis., recently held its first blood drive at its Corporate Center. RCU met the goal set by the American Red Cross of 35 pints of blood. Of the 35 donors, 18 were first time donors. The blood collected during this five-hour event is estimated...
Vantage Financial Credit Union is counting on its new name to help members better understand the credit union difference.
Positioning itself for future asset growth, the $2.9 billion Desert Schools Federal Credit Union announced last week it has added what it calls "a new layer of management structure" by promoting three vice presidents to senior vice presidents.
A strong performance in 2006 from CUSO Financial Services, LP led the CUSO to distribute $4 million of its $6 million 2006 net income to its credit union limited partners.
A hardy group of Ohio credit union executive "marchers" braved biting cold winds as well as enjoyed 80-degree temps to take part in a daily walkathon last week from Columbus to Cincinnati to benefit Children's Miracle Network.
NCUA Vice Chairman Rodney Hood personally presented Reid Temple AME Church Federal Credit Union with its new federal credit union charter during a recent service.
America's Community Bankers recently announced that Barbara L. Shycoff will serve as its new senior vice president and legislative counsel and the promotions of four others in government relations.
Dan Anderson, vice president of Royal Credit Union Investment & Insurance Services, has been named the highest producing registered representative nationally in the Financial Investment Division of the Financial Network Investment Corporation for 2006.
As a token of appreciation, the Tarheel Chapter of the North Carolina Credit Union League came up with the ideal gift for its departing chairman, Paul Phillips of Durham: a day at the races.
Navy Federal Credit Union is now using dashboard software from iDashboards to share how the business is doing among the several thousand employees responsible for the performance of the world's largest credit union.
It's milestone time at Fiserv.
One of the "benefits" Wings Financial is offering members of Continental Federal Credit Union is $200 each should the merger ever be approved.
Joy Cousminer, CEO of the $10 million Bethex Federal Credit Union and longtime community development credit union leader has been recognized once again for the work she and the credit union have offered people in her community. The most recent recognition came in the form of a U.S. flag that...
Dover N.J. Spanish American Federal Credit Union agreed to a cease and desist order from NCUA for "substantial Bank Secrecy Act compliance problems," NCUA recently announced.
Merrimack Valley Federal Credit Union received the CUNA Marketing & Business Development 2007 Award of Merit for Political Action (non-agency) for a second time in 2007 at the recent convention.
Sovereign Bank has launched new online Health Savings Account Learning Tools for health insurance brokers, employers and employees.
The NAFCU Certified Compliance Officer program recently graduated its 500th student.
Eastern Financial Florida Credit Union recently announced it has funded more than $200 million in business loans since launching its commercial lending program three years ago. The $2.3 billion CU announced March 30 it has funded more than $200 million in business loans. Eastern Financial Florida CU's commercial underwriting and...
The Florida Credit Union League has inked a deal with SICREDI, a Brazilian credit union network, to facilitate an international partnership, according to the World Council of Credit Unions, which facilitated the deal.
The New York Credit Union Foundation has launched a new grant-funded project, Who are You? Identity Thieves Really Want to Know!
The National Treasury Employees Union is suing some federal agencies for their use of the Federal Career Intern Program that was initiated by an executive order under President Bill Clinton.
In an environment of rising foreclosure rates, House Financial Services Committee Chairman Barney Frank (D-Mass.) sent out a letter to his fellow members of Congress looking for their support in determining government's role in the scenario.
CUNA's latest monthly credit union estimates showed loans decreasing and savings jumping in February.
Taking action to halt the "graying membership" problem, the Wisconsin Credit Union League announced last week it is offering free registrations to CU members who bring staffers or directors "35 or younger" to the trade group's annual convention next month.
The Filene Research Institute teamed up with Satmetrix to look at credit unions' stable market share despite strong member loyalty and high customer/member satisfaction polling among financial services providers.
Visa USA has introduced three new Web-based allowance calculators designed to help parents get a better grip on their kids' spending habits while simultaneously giving their children a solid money management foundation.
In a few years, phishing has gone from a largely unknown Internet crime to one of the most prevalent, with increasingly sophisticated and creative attacks targeting even the smallest of credit unions. In fact, the Anti-Phishing Working Group, a global pan-industrial and law enforcement association focused on eliminating fraud and...
As Michigan's economy struggles to shift gears after hitting a massive speed bump created by a declining domestic auto industry, the state's credit unions are helping displaced workers train for new jobs.
Federal bank and thrift regulators recently requested public comment on proposed interim rules expanding the range of small institutions eligible for an extended 18-month on-site examination cycle.
To make the busy lives of small business owners a little less hectic, Mountain America Credit Union has started offering business remote deposit.
The New England Financial Executives Council will present a deposit pricing educational program by Tom Farin of Farin and Associates.
Long after the Extreme Makeover: Home Edition cameras and crew have gone home Capital Communications Federal Credit Union is still doing its part to ensure the Oatman-Gaitan family has a true fresh start.
CO-OP Financial Services has served as the sole sponsor to Children's Miracle Network's Champions Across America and CEO Stan Hollen is urging more credit union vendors to follow CO-OP's lead.
CO-OP Financial Services, the parent of the credit union-owned, surcharge free CO-OP Network has signed on again with eFunds to provide third-party services for the network, according to CO-OP.
Missouri appears headed for enactment of a compromise field of membership law that puts limits on branch expansion beyond contiguous counties, but also is expected to end years of litigation in state courts.
Requirements of the Community Reinvestment Act have changed with time and experience and, going forward, that must continue for it to remain relevant, according to recent remarks by Federal Reserve Board Chairman Ben Bernanke.
Credit union dignitaries visited the Children's National Medical Center in Washington, D.C. to help bring the young patients a bright and colorful day.
Ensuring a successful Cherry Blossom race takes a lot of volunteers to make sure the runners are taken care of from water to taking care of their belongings.
Information Strategies, Inc. has issued a new estimate on year-end and future growth based on interviews with HSA, CDH and more traditional plan users as well as corporate and custodial managers.
David Lereah, senior vice president and chief economist for the National Association of Realtors told ACUMA attendees meeting here on April 2 that "the worst is over in housing," and "housing affordability is improving," advising credit union mortgage lenders that "opportunities arise when there are crises." The American Credit Union...
With more than 20 years invested in its business lending program, Chetco Federal Credit Union has grown to become the "800 pound gorilla" in the highly competitive marketplace here.
Topping their wish list of things they would like to see from their online brokers was better Web site design and navigation, instant messaging for customer service, and trade cost, according to a new survey from Aite Group.
Health savings accounts seem to be on their way to living up to the media hype.
- Open Solutions Inc., a leading provider of integrated enabling technologies recently joined New Jersey-based Information Strategies Inc., to co-host an event for financial institutions on Health Savings Accounts in Washington, D.C.
When F. Leigh Branham was talking with a credit union CEO, the CEO proudly told Branham he meets with every new employee shortly after they're hired.
Citing service and distribution handicaps, the Credit Union Association of Colorado said last week it has sold its "Savings Safari Youth Program" to one of its partners, ProAdSpec Inc., a Cottage Grove, Wis. promotion firm.
Special Report: Insurance/Health Savings Accounts
At last, "JA's BizKid$," the financial literacy show being financed by credit unions, is enjoying its national debut, at least in a pilot format.
The membership of 1st Credit Union approved a merger with United Consumers Credit Union.
A partnership between Maine's credit unions, the Maine Council on Economic Education, and the Maine Jump$tart Coalition, has received strong praise from Governor John Baldacci as he officially proclaimed the month of April as "Financial Literacy for Youth Month in Maine."
Suncoast Schools Federal Credit Union is helping School District of Hillsborough County employees live the American dream of homeownership.
Callahan & Associates and Fiserv are doing their part to help educate credit unions on the growth opportunities Health Savings Accounts can provide.
Last week, credit union CEOs around the country received an e-mail directing them to a Web site that urges CUNA Mutual Insurance Society (CMIS) policyholders to "Vote No on CUNA's Proposal" to merge CMIS with CUNA Mutual Life Insurance Company and to change CMIS' state of incorporation from Wisconsin to...
For design/build firm IBT Enterprises Chairman and CEO Mylle Mangum it feels good to see the company living up to its potential.
TIC Federal Credit Union is helping its members fight back against identity theft.
The FDIC Advisory Committee on Economic Inclusion endorsed an agency plan to create a two-year pilot for banks to establish reasonably priced, small dollar loan programs.
NAFCU Services Corporation, NAFCU's preferred partner program has named a card consultant firm to the program for the first time. Alliance Financial Services LLC provides consulting, advisory and brokerage services to payment card issuers, and specializes in helping credit unions maximize the value that they have in their credit and...
Legislation was introduced in the House just prior to the congressional spring recess to expand credit union business lending authorities while making it easier for credit unions to participate in SBA guarantee programs.
Connex Credit Union has teamed up with Credit Union Members Health Plan to offer an effective way to reduce annual health care costs.
Discover Financial Services, a business unit of Morgan Stanley, has introduced a newly enhanced reward card and an affinity card tied to women's basketball.
TNB Card Services, the card servicing and processing arm of credit union-owned Town North Bank, has added another executive to work with its growing number of credit union processing clients and agent issuing clients.
For Greylock Federal Credit Union wading into the insurance agency pool has been another opportunity to personalize the member experience.
San Francisco Giants fans at AT&T Park are spending less time in concession lines and more time enjoying the game as Visa USA is stepping up deployment of concession terminals that streamline the experience at point of sale.
More than cherry blossoms are blooming in Washington as members of the Independent Community Bankers of America are gearing up for Community Banking Month in April.
Effective April 2, the Securities and Exchange Commission said that each of its six district offices nationwide will become a regional office reporting directly to the agency.
Credit unions have a new friendly face at the Treasury Department these days.
Catholics around the country have begun to receive information on an affinity credit card that will allow them to support the Roman Catholic Church's Society for the Propagation of The Faith with their card purchases.
What started in 2004 as a way to deepen the Wescom Credit Union member relationship has turned into Wescom Insurance Services--an insurance CUSO that just keeps growing.
Rural poor residents in the mountainous countryside of Bolivia are among those the World Council of Credit Unions most wants to reach with its new awareness campaign, according to an announcement from the international credit union body.
The stage is set for the Credit Union Service Center Corporation, the shared branch network which has built its business by working closely with credit union leagues, to become an affiliate of CO-OP Financial Services on or around June 1.
The Maryland and D.C. Credit Union Association announced that Greg Saphier, government affairs manager, has left the organization.
Fortunately storm clouds held off the rain forecast for April 1 so runners of the 35th Annual Credit Union Cherry Blossom 10-Mile Race had only their stamina to contend with.
Do unsolicited mergers have a place in the credit union industry particularly for those that are struggling and would welcome the opportunity to merge to stay competitive? The industry frenzy created by the unprecedented way $1.6 billion Wings Financial Federal Credit Union has pursued $182 million Continental Federal Credit Union...
The National Cooperative Business Association scheduled a briefing on Capitol Hill late last month to share the good cooperatives do for their communities.
Henry Prior, president/CEO of Power Financial Credit Union, retired March 31 after 10 years at the helm.
Municipal Credit Union has announced that William Porter, the credit union's CEO for the last 26 years, has retired effective Feb. 28
CUNA is pushing to boost its Project Zip Code participation beyond the already 60 million credit union members identified with its first ever Project Zip Code Month.
On March 30, Kansas Gov. Kathleen Sebelius signed an amendment that gives credit unions more flexibility with investing in their CUSOs.
Car title loan lenders in Iowa will soon be required to cap loans at 21% thanks to a newly-signed law.
Knowledge management specialist Fuze Digital Solutions has added calculators for health savings accounts (HSAs) to its financial calculators and personal finance "knowledge packs."
USERS Inc. is now offering real-time vaulting as part of its business recovery services.
Summit Information Systems says it has signed the first service bureau client of its new Canada-specific software platform. Prime Financial Savings and Credit Union in Hamilton, Ontario, has committed to use the iSpectrum banking system for five years. The $65 million (Canadian) CU serves Hamilton-Wentworth, London and Ingersoll. "Our marketplace...
The Texas Credit Union League has partnered to offer its members access to ConSentry Networks' LANShield Controller and InSight Command Center to enable identity-based access control across the LAN.
Credit unions continue to attract increasing attention of phishers, pharmers and other malware attackers, according to a new report from Cyveillance.
BayLands Federal Credit Union is deploying enterprise content management (ECM) software from Hyland Software Inc. to improve and integrate business processes across its three locations, the CU says. Chartered originally to serve employees of a local paper mill, BayLands (www.baylandsfcu.org) expanded to a community charter and began a search for...
Credit unions deploying Spanish-language options in their telephone and online service channels know well that Latinos are the fastest-growing ethnic group in America. But that group's use of the Internet is not necessarily keeping pace, primarily for reasons of relatively low levels of education and limited English, according to a...
Did you know that federally insured credit unions issued almost $500 billion in total loan volume during 2005? Of this total, first mortgage and auto loans accounted for the large majority. This fact alone exemplifies the tremendous opportunity for credit unions to cross-sell insurance products to their members.
I found myself following the Continental FCU and Wings Financial Federal Credit Union story in the Credit Union Times for the past few weeks. What I find amazing is the number of parallels to the banking industry I see with this saga by Wings Financial.
While I have been in the credit union movement for over 30 years and it is disturbing to see the high handed tactics being used by one credit union against another.
Check fraud results in the loss of billions of dollars a year for banks, financial institutions and retailers, regardless of size or location. Identity falsification, in particular, formerly the specialty of professional forgers, has become widespread. Advances in technology are partly to blame. Highly-sophisticated and low-cost technology is now available...
Banker attacks, bank conversions, intense competition, hostile takeovers. All these threats mean credit unions can't keep the credit union advantage a secret, they must promote it. "It's Your Credit Union! The Story of Credit Union Membership"
"From our standpoint it would be a significant expansion of credit union business lending powers."
Three Rivers Federal Credit Union, Fort Wayne, Ind., has appointed Linda Smith to vice president of member business services.
White Crown Federal Credit Union, Denver, Colo., has appointed Edward Leachman as president/CEO. OnPoint Community Credit Union, Portland, Ore., has named Leslie VanBlaricom branch manager in McMinnville. Ent Federal Credit Union, Colorado Springs, Colo., has promoted Jay Olson to director of risk management and Rachel Trojanovich to controller. Ray Ito...
CMG Mortgage Insurance Company announced that Ira Oskowsky has been named regional sales director for 2006. Helen Durniok has been appointed executive vice president of Amert Escrow, the newest CUSO of Riverside, Calif.-based Altura Credit Union. Heartland Payment Systems, Inc., a provider of credit/debit card processing, payroll and payment services,...
BrightStar Credit Union, Hollywood, Fla., has named Colette Alhabahbeh branch manager of the Hollywood Branch located on Hollywood Boulevard. Keys Federal Credit Union, Key West, Fla., has announced that Branch Manager Tim Saunders has been elected as first vice president of the Lower Keys Chamber of Commerce. Georgetown Kraft Credit...
Family First Federal Credit Union, Rochester, N.Y., has named Ray Yorkey mortgage consultant. Pennsylvania State Employees Credit Union, Harrisburg, Pa., has elected Frank J. Breiner, George J. West, and Joseph Sassano to serve on its board. Scott Jordan, senior mortgage counselor at Mid-Hudson Valley Federal Credit Union in Kingston, N.Y.,...