As part of CUNA's increasing efforts to grab the attention of members of Congress and their staffers on credit unions' good deeds and their need for CURIA, CUNA brought a banker up to Capitol Hill.
A report card showing grades of C and D for the quality of major banks' telephone-based customer service could translate into an opportunity for credit unions.
Hal Daub, a former Republican member of Congress and mayor of Omaha, announced about a month ago that he was considering running for the Nebraska Senate seat up for election in 2008.
At Spokane Federal Credit Union "Family and Friends for Life" is not just its tagline, but a way of life.
Child accounts might be one way to help children learn the importance of savings, John Tippets, president/CEO of American Airlines Federal Credit Union, told legislators during a July 31 press conference with legislators.
The $1.5 billion CommunityAmerica Credit Union has struck upon another way to help guide members to one of the 25,000 fee-free CO-OP ATM Network ATMs that are available to them across the country.
NAFCU has started announcing the Washington bigwigs who will be addressing its Congressional Caucus this fall.
A group of Evansville area credit unions are getting an early start on planning for International Credit Union Day Oct. 18 with a co-op ad campaign and a media blitz highlighting a $50,000 fundraiser to build a home for Habitat for Humanity.
The New York State Credit Union League has inducted four credit union leaders who have had a significant impact on credit unions at the local, state or national level, and have dedicated their lives to the philosophy and success of the credit union movement into its Hall of Fame.
It is easy to forget what an important role credit unions play in helping others, but members are always there to remind us.
The Valley of the Sun YMCA and Arizona Federal are partnering for financial literacy.
Interns with the African-American Credit Union Coalition's internship program were recently special guests at the Maryland & District of Columbia Credit Union Association here.
The House Financial Services Committee has passed two important pieces of legislation for housing and insurance.
Stay tuned. That's pretty much what state employees are doing as Michigan's legislature and
In a gesture of gratitude to local law enforcement, the $600 million American Heritage Federal Credit Union has donated $5,000 to a suburban police department for the purchase of Taser guns.
House Financial Services Committee leaders have requested a Government Accountability Office study of the mission and operational capacity of Treasury's Financial Crimes Enforcement Network and the increasing number of Bank Secrecy Act-related filings.
Using a CUSO, the $540 million TwinStar Credit Union here has assumed control over Paragon Consulting Group, an Olympia-based management-training firm providing services to CUs across the U.S.
Can the Small Business Administration's 504 loan program essentially "eliminate" the 12.25% member business lending cap?
The $4.5 billion Alliant Credit Union, formerly the United Airlines Employees Credit Union, has moved its 46,000 credit card accounts from Fidelity National Information Services to PSCU Financial Services.
The recently concluded session of the Oregon legislature provided key victories for credit unions including the right to handle an array of nonmember products, accept homeowner and condo deposits, plus new oversight on financial literacy.
CUNA Mutual Group paid its CEO Jeff Post $2.9 million last year, of which almost $1.6 million came as a bonus, according to documents filed with the Wisconsin Commissioner of Insurance and Iowa Insurance Division.
America's Credit Unions, a group CUNA and NAFCU formed during H.R. 1151, has released its latest print advertising onslaught on Capitol Hill. The ad zeroes in on the results of the recent Government Accountability Office study of bank tax preferences compared to credit unions. It was published in Capitol Hill...
The task of finding out why credit unions resign state leagues or how to get disaffiliated ones back into the fold is turning out more complex than many envisioned, according to the leadership of the American Association of Credit Union Leagues.
After 16 months as CUNA's vice president of legislative affairs, Dean Sagar will be leaving the organization at the end of August.
The feedback coming in on a proposal that addresses unsolicited mergers initiated by the Texas Credit Union Commission has been eerily scant.
For the second time in as many months, Wings Financial Federal Credit Union has added another airline to its field of membership.
Security Service Federal Credit Union now boasts over 600,000 members.
NASCUS has re-accredited the Kentucky Office of Financial Institution's Credit Union Branch.
Another credit union has decided its members would be better served in the future as bank customers than as credit union members.
Kinecta Federal Credit Union has purchased Carson, California-based Nix Check Cashing for approximately $45 million. Nix parent company Navicert Financial, Inc. will first be housed under a credit union CUSO, Kinecta Alternative Financial Solutions, Inc., but will eventually be folded into the credit union as a division.
American Bankers Association Senior Economist Keith Leggett has written the Washington State Department of Financial Institutions in opposition to its proposal to permit private primary deposit insurance for credit unions based on the public policy implications of a failure.
CUNA and NAFCU stood at attention the minute they heard of a Treasury background paper looking at the credit union tax-exemption to make up for possible cuts in the corporate tax rate.
Mark Cochran has been chosen as the new president/CEO of Jeanne D'Arc Credit Union effective Aug. 1.
State chartered credit unions in California will operate under an updated set of rules next year, thanks to a Credit Union Modernization Bill that sailed through the legislature with no opposition.
Freshman Congressman Joe Sestak (D-Pa.) signed on as a co-sponsor to the Credit Union Regulatory Improvements Act (H.R. 1537) in the waning hours of Congress prior to the August recess.
CUNA Mutual Group has named Andy Napoli senior vice president of consumer products and head of its Consumer Insurance business unit.
Following Congressman Jos?(C) Serrano's (D-N.Y.) introduction of legislation to allow federal credit unions of all charter types to adopt underserved areas, America's Community Bankers wrote the lawmaker that his legislation was unnecessary.
The latest credit union to surpass $1 billion in assets is FORUM Credit Union.
NAFCU is saying good-bye to Director of Marketing Peter Taylor who will end 13 years of service.
The hot spots for identity fraud in 2006 were not where one might expect, according to ID Analytics Inc.
Small credit unions with limited resources to offer investment services to members have another resource to turn to.
Security Service Federal Credit Union and The Home Front Cares have teamed up to treat a few deserving kids to the ballpark.
Franklin Mint Federal Credit Union has recently promoted Richard V. Durante Jr. to vice president of education.
CUES was honored in three categories as part of the 2007 APEX Awards.
DuTrac Community Credit Union's Savasaurus Club participated in a DVD and VHS Tape Drive for Children's Miracle Network at The Children's Hospital in Iowa City.
Great Wisconsin Credit Union CEO Kim Sponem was recently singled out for her work in launching a youth member independent credit union.
Steinbach Credit Union says it has decided to use the Credit Adjudication and Lending Management System (CALMS) from White Clarke North America Inc. in Toronto.
Matthew Hill has been named national sales manager by Cypress Software Systems and will be covering the West Coast and north central United States.
Larry Tankeloff, a well-known name in the credit union technology space, has been elected to the board of Citadel Federal Credit Union here.
Online Resources Corp. is adding to its payments network with the acquisition of Internet Transaction Solutions Inc. (ITS) of Columbus, Ohio.
The Credit Union Mortgage Alliance Network has been selected by Bank-Fund Staff Federal Credit Union, Washington, to act as its "National Mortgage Center" to fulfill the CU's effort to provide nationwide mortgage services for its members.
Mortgage loan broker Yamila Ayad has been in business for nearly 20 years in San Marcos, located about 40 miles north of downtown San Diego. She's well established in a growing Hispanic marketplace, and her small, bustling office handles as many loans as some mid-sized credit unions--she closed nearly 50...
In the April 18, 2007 edition of Credit Union Times, Brian Hague, CFA president/CEO of CNBS, LLC noted that the housing slump resulting from the subprime mortgage meltdown was gaining traction, and threatened the broader economy. There was no consensus then, but three months later the bandwagon is rather more...
No one still wants to talk about the meltdown at Cal State 9 Credit Union here, particularly since NCUA's recent warning about subprime real estate lending. But it's evident that regulatory special actions are being taken because the CU has provisioned $17 million for loan losses for the quarter ending...
Bad weather report number one: the median price of a home here in Palm Beach County has dropped 6.8% from a year ago. Number two: the Florida Association of Realtors reported last week that home sales slumped 19%. Number three: a state constitutional amendment will be on the ballot January...
Steve Von Sickler, SVP and chief lending officer for Red Rocks Credit Union here, is also chairman of the ACUMA Regulatory Compliance Committee that drafted an extensive response to the NCUA's request for comment on subprime lending. The recently released Interagency Statement on Subprime Mortgage Lending, he said, "included most...
The Federal Reserve Board published last week its annual adjustment of the dollar amount that triggers additional disclosure requirements under the Truth in Lending Act for mortgage-related fees.
NCUA, together with the other federal financial institutions regulators, issued a final statement on subprime mortgage lending addressing emerging risks and outlining practices related to subprime adjustable rate mortgages that can cause "payment shock."
A Moody's study from date supplied by Equifax and Moody's Investors Services that assesses how much further credit conditions will deteriorate is available at www.economy.com.
NAFCU's Macro Flash Data analysis for the month of May found the pace of consumer borrowing at a healthy $12.9 billion (seasonally adjusted) pace. This was more than double what was projected by economists, said NAFCU. Both revolving and non-revolving credit was up, reflecting strong consumer demand for products. Credit...
Now, this is not an article reprinted from the American Journal of Medicine, but a serious question for the credit union system concerning mortgage lending.
Looking back five years ago finds Patelco Credit Union moving full steam ahead with what would be the largest conversion to a private insurer.
We hear all the time about the virtue of our unpaid, credit union board members. In fact many people don't even say board members, they say unpaid "volunteers."
Most small businesses, about 25%, need to borrow money, Kevin Zakus told the delegates at the WOCCU Conference. He is vice president of business banking for Vancity Credit Union, Canada's largest credit union.
John Weiser, author of the award-winning book Untapped: Creative Value in Underserved Markets, gave five proven strategies that credit unions have used to reach the unbanked or poorer markets to create a win-win relationship with these members, other members, and the larger community. They are:
Thirty-six young credit union young people came from 12 countries to the WOCCU conference in Calgary. Eight of them came from the U.S. They were the WOCCU Young Credit Union People Nominees and they were there for more than just the conference.
The World Council of Credit Unions presented its highest award, the Distinguished Service Award, to L.R. (Bobby) McVeigh during their Conference held in Calgary from July 29 to August 1. The award recognizes his lifetime of service to the credit union movement locally, nationally and internationally. McVeigh is from Nova...