DONATIONS Sperry Federal Credit Union, Garden City Park, N.Y., held its holiday gift drive for children in the community recently. Gifts of toys and clothing were given to The Salvation Army and the CU also donated $1,000 to put towards the Army's Nassau County Christmas Campaign Fund Drive. Altier Credit...
New Horizons Community Credit Union, which has been operating under conservatorship of NCUA, alerted members of a potential data breach of confidential member information.
Delta Community Credit Union has recently celebrated its 67th anniversary by hosting a party for Delta Air Lines employees.
eCU Technologies has landed five more users of a middleware solution that integrates the Symitar core platform with CUNA Mutual's loanliner.com processing system.
NAFCU said it is optimistic about NCUA's role on the impact the Wings Financial/Continental merger proposal could have on the credit union industry.
Congressman Steve Buyer (R-Ind.) paid a visit to Hoosier Hills Credit Union to gather information about its community activities and operations.
BY SARAH SNELL COOKE CU Times Senior Washington Reporter
Southeast Corporate opened its new 30,000 square-foot headquarters last week in Tallahassee. The corporate broke ground on the project in 2005.
Attendees at the recently held CUNA Marketing and Business Development Council Annual Conference raised a record-breaking $11,000 for the National Credit Union Foundation Hurricane Relief Fund.
There have been reports that many are signing the Wings Financial online petition with fake names and bogus information thinking by doing so it will make them eligible to receive $200.
America's Community Bankers wrote the authors of the Compete Act of 2007 (H.R. 1508) to express support for the bill that would improve Section 404 of the Sarbanes-Oxley Act.
North Island Credit Union says it is the first credit union in San Diego County to become a member of the Small Business Administration's Preferred Lender Program. The designation streamlines the approval process for certain SBA loan requests, which results in a quicker turnaround time for loan approvals and funding...
It's a good time to be a corporate credit union if you're a corporate credit union that likes liquidity.
The Central Credit Union Fund is turning 75 and to celebrate members have been invited to an evening of fun and nostalgia April 24th at the Basketball Hall of Fame.
Corporate Central Credit Union has promoted Nicholas Fanning from assistant vice president investments to vice president investments. Fanning is responsible for the portfolio management, lending, and asset liability management functions of Corporate Central. "I've really enjoyed working at Corporate Central over the last 10 years. Between co-workers and members I'm...
Last summer national attention was riveted on the since-doomed move to convert the $1.8 billion DFCU Financial of Dearborn into a mutual savings bank, but today the state's largest CU once again has a high profile, except it's now centered on Michigan's troubled economy and a people helping people message.
The $104 million First Basin Credit Union, formerly known as the Medical Center Credit Union, has submitted disclosure documents to NCUA about possibility converting to a mutual bank, NCUA has confirmed. This would appear to make First Basin the second credit union poised to begin the charter conversion process under...
The Federal Reserve Board issued a notice that it has decided upon its final revisions to exemptions from reserve requirements for "bankers' banks" under Regulation D.
William Brooks, the former CEO of the $319 million Lafayette Federal Credit Union, is taking the offensive in his legal fight with his previous employer, arguing in court documents that the credit union's complaint amounts to a nuisance lawsuit meant to stifle free speech.
Newtek Business Services, Inc. has partnered with AIG Small Business to market its services to the international insurance organization with operations in more than 130 countries and jurisdictions.
Seizing what it calls "an ideal opportunity" to advocate the credit union difference, the Michigan Credit Union League is pressing its media jibe at the planned relocation move of Comerica Bank to Dallas.
Special Report: Corporates The money is flowing into corporates at record pace. Read about that and more in the special report on pages 24-27. The Car Staller
As part of the Department of Justice's efforts to crack down on bankruptcy fraud and abuse, a new system has been devised for reporting suspected bankruptcy fraud and abuse.
Corporate credit unions still do cooperate. Proof of that is the collaboration of four corporates to sponsor an event to benefit their membership.
Two of NAFCU's top lobbyists spent Easter Monday training the next generation on the wiles of Washington on the South lawn of the White House.
Two members of the $319 million Lafayette Federal Credit Union have submitted petition signatures to the CU to become candidates for the board in the next board election.
Net income for the NCUSIF came in $7.9 million over projections due to less than anticipated operating expenses and insurance losses.
Credit unions have won a battle of semantics in Nebraska to allow them to use the term "banking" to describe their business.
Three more credit unions have joined CU BizSource, LLC's "certified" institutions, bringing the number of credit unions and CUSOs with the designation to nearly 30.
Credit union trade association attorneys have said they are pleased so far with what they have seen in the Department of Defense's proposed regulation regarding limitations on loans to military service members, but time--and members--will tell some in the industry have said.
Frustrated with Wings Financial Federal Credit Union's continued campaign to urge members to call for a vote indicating interest in a merger, Continental Federal Credit Union has requested a formal cease and desist of all campaign activities. According to an April 9 letter obtained by Credit Union Times, attorneys for...
Nestled in one of California's many fertile farm valleys is Limoneira Company, a large produce ranch known for...you guessed it...its vast citrus groves. Limoneira is one of the nation's top lemon producers, and also grows oranges, specialty citrus, avocados, and row crops like strawberries and celery.
The NCUA Board approved two proposed regulations that aim to provide procedures to put information into credit union members' hands while still protecting privacy and avoiding business disruptions.
As more credit unions come forward confirming that Wings Financial Federal Credit Union sought them out as potential merger partners, the likelihood that a mega consolidated credit union to serve the entire air transportation industry is not likely.
The Credit Union Economics Group is meeting with Dallas Federal Reserve Bank President Richard Fisher later this month.
It should not come as surprise to credit union industry observers that CUNA President/CEO Dan Mica has a lot to say.
The $500 million Power Financial Credit Union has found its new CEO from within. The CU has named Alan Prindle, 43, previously executive vice president and chief operating officer, as CEO. Prindle is the former CEO of Pan Am Horizons Federal Credit Union, which merged with Power One last year....
The Bank Secrecy Act Advisory Group at the Financial Crimes Enforcement Network added Navy Federal Credit Union to its members upon CUNA's nomination.
Sacramento Credit Union with over $330 million in assets and Golden State Federal Credit Union, a $20 million federally chartered credit union have recently merged.
After over 20 years DEI Incorporated President Richard Grow is stepping down and has named Executive Vice President of Sales Ned Compton the company's acting president as of April 1, 2007. Grow will assume the role of chairman. "I began DEI more than 20 years ago to provide an efficient...
In its first acquisition since returning to a private structure, Open Solutions Inc. announced it is acquiring Fincentric Corporation and thus deepening its commitment to the Canadian market. Canadian-based Fincentric Corporation is a core banking and software firm serving primarily the Canadian market. Fincentric has 167 customers worldwide including half...
Burnsville Chamber of Commerce's BITE of Burnsville attendees were all hitting the "jackpot" thanks to US Federal Credit Union.
United Teletech Financial Federal Credit Union is redefining its role in helping members lead more fulfilled lives by encouraging a little creativity.
Chetco Federal Credit Union is lending a hand to area search and rescue missions.
Western Credit Union is hoping to help its Spanish speaking members stay plugged in with the launch of its "en Espanol" Web site.
Sunmark Federal Credit Union has recently promoted Sharon Barry to marketing manager.
With the help of a few puppet friends Rogue Federal Credit Union is hoping to make financial literacy fun and engaging for its youngest members.
Community Financial Services Federal Credit Union will be converting to an online core processing platform from Summit Information Systems, the company and credit union say.
IntegraSys says it signed 13 credit unions to the latest version of its Premier core-processing platform in 2006, including three that converted in the past 30 days.
Tinker Federal Credit Union has deployed the Skip-A-Pay product from Wescom Resources Group as an online offering to the big Oklahoma credit union's 183,000 members.
Customized home banking security solutions headline two new enhancements to the CU*BASE core processing system from CU*Answers, the company says.
Flash drives, Blackberrys and Treos, iPods, CDs and even floppy disks were the reason that South Western Federal Credit Union has locked down the shop with software to thwart possible insider threats to confidential member data.
How quickly things change! Only a few months ago, credit unions were busy trying to find deposits and were offering a variety of certificate specials to help fund members' strong loan demand. Many credit unions budgeted for what they thought would be continuing strong loan demand in 2007, with the...
After reading the April 11th cover story titled, "Beyond Emotion, Buzz, Wings' 'Takeover' Sounds Alarm on Complacent Credit Unions", I felt compelled to comment. This story, although well-intentioned, seems to condone the tactics used by Wings FFCU or at least to suggest that in some instances, these harsh tactics might...
A few quick thoughts come to mind after reading Paul Gentile's April 11 column entitled, "Don't Wait on NCUA to Battle Market Challenges."
I normally don't, make that almost never, take the time to compliment people I don't know; but your column on Wings vs. Continental was outstanding! I believe we are seeing our future--greed and power have surfaced and the more powerful will tell the weaker what is best. Dan Tucker CEO...
Looking back six years ago finds Navy Federal urging NCUA to make greater use of existing powers and eliminate restrictions to enhance the federal charter.
Those words, uttered by President George H.W. Bush in 1992, may be coming back to haunt us today. Housing prices are falling, borrowers are defaulting, credit standards are tightening, and subprime lenders are going bankrupt. There is growing concern that the woes of the housing sector will impact the broader...
Too many interesting odds and ends to dedicate a column to one topic this week. Here's a rapid fire look at some things I find worthy of comment:
Desert Schools Federal Credit Union, Phoenix, promoted Cathy Graham to assistant vice president of marketing. Sandia Area Federal Credit Union, Albuquerque, N.M., has appointed Steve Tarro to vice president of information technology and has promoted Shelby Darnold to branch manager of the Far Northeast Heights Branch.
Informative Research, a provider of credit and mortgage-related information, has appointed Kristen Allen as its account executive for Ventura and Santa Barbara counties and Ken Nash as account executive for its Northwestern Region. DEI Incorporated, a design/build company in Cincinnati, welcomes David Cochran as regional manager covering many of the...
Pacific Service Credit Union, Walnut Creek, Calif., has named Benjamin Kmetz public relations representative. Spokane Federal Credit Union, Spokane, Wash., has named Susan Blain as CEO-elect for the credit union. She will take full responsibilities and title of president/CEO in January 2008.
CUNA Human Resources, Training and Development Council based in Madison, Wis., recently appointed Jennifer Godel, assistant vice president of human resources and training for Desert Schools Federal Credit Union in Phoenix, to the executive committee and Tracy Conner, vice president of professional development and member services for the New York...
State Department Federal Credit Union, Alexandria, Va., has named Deborah I. Clark vice president of marketing; Taruna Bajaj creative brand manager; and Davis Marrow marketing manager. Service Credit Union, Portsmouth, N.H., has appointed Christie Whalen and Crystal Huffstickler to member service representatives; Sarah Walker to member service representative level III;...
Guests of the Minnesota International Center's International Visitor Leadership Program recently met with representatives from the Minnesota Credit Union Network.