Since its roll out in 2005, it's been a slow yet steady stride for trust services at NuUnion Credit Union but that has been the expectation from the beginning and it will continue to be the case at least for the next decade.
Students with learning disabilities can now pick up financial literacy skills from a program which is tailored to their needs thanks to a new curriculum released by the $12 million Syracuse Cooperative Federal Credit Union.
The nation's mortgage meltdown is triggering a call to action among credit unions with mortgage specialties.
The Carolinas Credit Union Foundation has recently awarded a $10,000 Micro Community Grant to the Alamance County Community Services Agency in Burlington.
NEW YORK -- Three Washington, D.C.-based international credit unions have turned to UNFCU Financial Advisors, part of UNFCU Financial Services LLC, a United Nations Federal Credit Union CUSO, to provide insurance services for their members. UNFCU Insurance Advisors, a division of UNFCU Financial Advisors will offer property, casualty and liability...
GrooveCar, Inc. an online/offline automotive resource and buying support service, is driving into the future with a fresh new look.
NuUnion Credit Union has recently honored one of its legacy members, Benjamin Holderied.
It is nice for a credit union to be recognized for doing its part to save the environment.
CUES has selected Detroit Edison Credit Union Director Robert M. Peplowski, as the newest member from the CUES Directors Educational Forum to serve on its Directors Advisory Panel.
CUES has announced that NCUA Chairman JoAnn Johnson is scheduled to give an NCUA update during the general session at its annual Directors Conference, Dec. 2--5, Hilton Waikoloa Village, Big Island, Hawaii.
Mortgage analysts said homeowners and the problems they are having making their monthly mortgage payments, combined with an undervaluing of the risks in securities backed by mortgages, are at the root of the current financial upheaval.
MacDill Federal Credit Union has recently planted the seed for its new brand identity and it is growing on members and employees alike.
Southwest Corporate Federal Credit Union said that a merger of two regional offices of the Federal Home Loan Bank (see related item page 10) will not have a major impact on Southwest Corporate or the other approximately 80 credit unions that might be impacted.
The $38 million American Spirit Federal Credit Union has become the first Delaware CU to sign onto shared branching through a relationship with the Pennsylvania Credit Union Service Centers, PaCUSC has announced.
The Filene Research Institute has chosen 12 rising credit union executives to replace members of the group who have fulfilled their three-year term encouraging the development of new ideas and innovations for credit unions.
Who says you need a big budget to treat members during the annual meeting.
NAFCU wrote NACHA generally in favor of its Transaction Origin Identification Proposal, part of a NACHA initiative to implement a comprehensive risk management strategy.
After reading a report in the Washington Post of a press conference held by President George W. Bush recently, NAFCU President/CEO Fred Becker decided that writing the Treasury Secretary and the IRS Commissioner was not enough.
SEFCU Executive Vice President John DeCelle testified on credit card practices affecting seniors during an August recess congressional field hearing in New York earlier this month.
After NAFCU commented to Washington's Department of Financial Institutions recently that private primary deposit insurance "threatens" the dual chartering system, it was like waving a red flag in front of NASCUS.
California & Nevada Credit Union League Director of Federal Government Affairs Ryan Donovan will be joining CUNA's staff Sept. 4.
Even though U.S. Representative Melvin Watt's visit last week to the $143 million Charlotte Metro Credit Union was not part of the formal push among credit unions to meet their representatives in their home districts this year, credit union lobbyists say it's the kind of thing they hope happens a...
After nearly two years of planning, two Detroit area credit unions--the $191 million Community Choice of Livonia and the $225 million Research Federal of Warren--are merging with a computer conversion slated to be completed last weekend.
NCUA and other federal financial regulators have proposed adding additional paragraphs of text at least one chart to consumer statements on subprime mortgage loans.
Serendipity is how IBT Enterprises CEO Mylle Mangum describes the recent merger of IBT Enterprises and Design Build Concepts.
The product may be a bit offbeat but Forum Credit Union of Indianapolis discovered this year that listening and responding to business customers pays off.
Credit unions should not be concerned by the ongoing turbulence in the markets for securities, particularly those involved with subprime mortgage loans or backed by so called jumbo mortgages, according to a leading credit union economist.
This year marked several milestones for the African-American Credit Union Coalition and the group said it plans to stay on track to do even more over the next year.
NCUA Board member Gigi Hyland revealed that her original career dream was to be an ornithologist but comparative literature and the law eventually won out.
NCUA examiners appear to be looking more closely than they have been in recent years at how well credit unions comply with federal fair lending regulations, according to attorneys who work with credit unions.
U.S. Central Credit Union informed its members recently about $20 million in unrealized investment-related losses appearing on its July 31, 2007 financial statement.
The time to start teaching children about money management is when they're in elementary school, CUNA President/CEO Dan Mica advised in an article in the August issue of Parents magazine.
The running argument via letter between bank and credit union lobbyists and the U.S. Treasury Department has continued this week as Edward Yingling, President and CEO of the American Bankers Association sent a follow up letter on the matter.
Parents of college-bound children have another resource to turn to for their financial planning needs.
NAFCU's August Flash report found mounting optimism among members who participated in the association's monthly survey even as, unsurprisingly, it reported that NAFCU member credit unions dislike private share insurance.
Customers who give students prepaid cards to help meet back to school expenses will have a chance at a free gift for doing so, according to the American Express card brand.
TNB Card Services, the credit card portfolio processing and servicing arm of credit union-owned Town North Bank, continues on a CU card portfolio buying roll.
Three more credit unions have reported selling their credit card portfolios to Elan Financial Services, a subsidiary of US Bank, Elan has said.
Federal authorities say they have shut down what they have called a "scam" in the issuing and sale of prepaid cards.
A CU in Connecticut without an ATM of its own will start offering its members fee-free ATM access through Allpoint.
Apple Federal Credit Union has officially opened the doors to its first branch in Loudoun County.
PrimeWay Federal Credit Union has broken ground for the relocation and expansion of its North Houston Greenspoint area location.
MaPS Credit Union has opened its latest branch in Woodburn.
Thanks to Waterbury Connecticut Teachers Federal Credit Union, this year's back-to-school season will bring teachers in Greater Danbury local access to their credit union.
Gwinnett Federal Credit Union held an official Grand Opening Celebration with a ribbon cutting ceremony at its Norcross branch
Travis Credit Union has joined forces with the community to help sponsor the Vacaville Annual Cultural Diversity Fair, which celebrated its 10th year at the Ulatis Community Center. This year's Fair them was "Many Voices, One Song".
Eastern Financial Florida Credit Union recently named Jacqueline Larena-Lacayo marketing manager.
Power Financial Credit Union is lending a helping hand to recently divorced women.
Truliant Federal Credit Union has once again become a sponsor for the 2007 National Black Theatre Festival.
Teachers Credit Union is looking to locals for its next television spot.
CUNA has asked the credit union community for its views on the proposed redesign of the IRS' Form 990, which CUNA and many credit unions file.
The Federal Reserve has announced that it is providing liquidity to help calm the financial markets after its recent decision not to raise rates.
The Federal Home Loan Banks of Chicago and Dallas have jointly announced that they are evaluating the benefits and feasibility of combining the two institutions.
NCUA Board Member Gigi Hyland addressed the latest best practices credit unions may consider in order to protect their members from data breaches and security risks during a recent podcast.
A bill to allow California-chartered credit unions to provide wire transmittal and check cashing services for nonmembers was recently withdrawn in the Senate, according to a local newspaper account.
CUNA has written the Federal Reserve Board in favor of curbing certain predatory lending practices in light of the board's recent hearings on home equity lending.
NCUA announced the scheduling of a Credit Union Development Workshop on Sept. 15 in Kansas City.
CUTEK has hired a 21-year veteran of Symitar as the consultancy's new sales and marketing director.
Open Solutions Inc. has signed another Canadian user of its flagship core platform, The Complete Credit Union Solution.
Passageways LLC is now offering its intranet portal solutions in a hosted environment.
Postilion has earned Visa Payment Application Best Practices validation for its payment applications used by credit unions and banks.
Yodlee and Andera are joining to offer a combined account opening verification and funding solution to financial institutions.
The sheer group buying power of serving more than 3,600 clients has helped propel Fiserv DirectSource into the top 10 list of American print distributors, the company says.
Online Resources Corp. has added 150 new clients to its payment origination and settlement network with the closing of its latest acquisition--Internet Transaction Solutions Inc. of Columbus, Ohio.
Members United is adding merchant and ATM image capture capabilities to the imaging solutions the corporate is offering its 2,100 credit union clients.
AdeptMedia Corp. has been awarded nine new contracts from credit unions that will use the software company's targeted online marketing and digital printing tools.
eCU Technologies will be providing its Episys Efficiency Studies service to three of its credit union clients, the tech CUSO of Pennsylvania Employees State Credit Union says.
Our Community Credit Union has signed on to use Lending Solutions Inc.'s loan-by-phone, Internet lending and indirect underwriting solutions, the company and credit union say.
Busting fraud may soon be a profit center at Franklin Mint Federal Credit Union.
Ten million bucks invested in a sophisticated customer relationship management system and what do you get?
The IT managers at NuUnion Credit Union decided a conversion to an open core processing platform was a good time to go ahead and move their data backup solution to an appliance that could handle 40 servers handling everything from online banking to tellers' printers at more than a dozen...
Corporate Network eCom (www.memberstreet.com) is moving its billpay business to Metavante.
Dot matrix printers are finally seeing the sun set in the West, at least when it comes to printing checks at one big Las Vegas credit union.
Communication is one of the most important functions credit unions perform with their members.
I was disappointed to read Paul Gentile's column in the August 1 issue that suggested large credit unions run this industry and, moreover, that they are apathetic about CURIA. Neither of these assertions could be further from the truth.
Paul Gentile suggested in his Aug. 1 column that the large credit union CEOs who control the industry "could care less" if CURIA passes or not. This has not been my experience. At $200 million, we certainly don't fall in the large credit union category, but in the circles I...
The allegation in Paul Gentile's Aug.1, 2007 column of a lack of support for CURIA by large credit union CEOs, and insinuation that it's part of a plot to take over smaller credit unions, are not only unsupported, they're wrong, potentially damaging to the entire credit union movement, and give...
Since applying federal corporate taxation to credit unions would expose significant risk to the insurance fund by reducing annual reserves by over 30%, it is only natural that credit union leaders have recently been looking out the window to see if the wolf's recent huffing and puffing about taxes is...
It's easy to fall into the trap of thinking the media only covers the bad news, the ugly stories, the dirty laundry. I think the coverage is just more ubiquitous and exhausting than ever before, so it's always going to seem like the bad stuff is overblown.
"Look at VyStar they've grown exponentially since their name change but at first people were like what is that? Now it is a powerhouse name in northeastern Florida. What I tell people who complain about the name change is that ultimately it is not about a name but our service,...
'Micro-Managing' by Volunteers Questioned
For some college students, choosing a career in the credit union industry might be low on the totem pole but former interns that came through the African-American Credit Union Coalition's internship program say they have discovered an untapped area for professional development.
Tom Schauer, CEO of TrustCC did a presentation on IT exams and how to be sure your CU is compliant.
Rick Stanton of WesCorp did a Check 21 update that highlighted the paradigm shift in consumer payment habits.
Doug Lacy-Roberts of the Washington Division of Credit Unions did a breakout session on the strategic concerns of member business lending.
At the NASCUS State System Summit here, Dr. Jim Likens, president and dean of the Western CUNA Management School delivered an assessment of CU balance sheet and growth challenges and some ideas for how they can be faced up to without losing the CU spirit. He did so in an...
"Financial services is essential to the operation of our country", said D. Scott Parsons, former deputy assistant secretary, department of Treasury because it is based on confidence, and without that, the center cannot hold. But apart from the importance of maintaining the financial markets and commerce, what financial institutions need...
Craig Beach, vice president of marketing and business development for CUSC did a presentation on complying with the Bank Secrecy Act.
What the credit union movement needs is a few good plaintiffs, Larry Blanchard said to NASCUS attendees here for the organization's State System Summit.
Barrett Burns, president and CEO of VantageScoreSolutions did a breakout on Vantage Score, a new scoring model that allows lenders to score more consumers more accurately and consistently, according to the company.
At the NASCUS State System Summit hereon August 9, Mendell Thompson, CEO of America's Christian CU told attendees that he and George Reynolds, senior deputy commissioner of the Georgia Department of Banking and Finance were following the "Chair Babes" JoAnne Fillwock and Linda Jekel as NASCUS Chairman and CU Advisory...
Weeks of heavy campaigning for seats on the African-American Credit Union Coalition's board came to an end during the group's recent conference.
A walk down memory lane filled with tears, laughter and accolades set the stage for the Alonzo Swann and Tawana James, this year's recipients of the Peter Crear Lifetime Achievement Award.
Mostly undiscovered and unknown, the history of African-American owned cooperatives in the United States has shown that they were pivotal in helping create wealth during times of inequality.
Credit unions considering a merger campaign similar to the one executed by Wings Financial Federal Credit Union, may want to think twice.
When it comes to penetrating the African-American population and meeting their financial needs, credit unions in Maryland and the District of Columbia are going above and beyond.
Unlike some lenders including banks, credit unions have the distinction of being able to spot financial pitfalls most likely sooner than members can, Rep. Elijah Cummings (D-Md.) told attendees at the African-American Credit Union Coalition's annual meeting here.
The Federal Communications Commission is on a strategic mission to increase the number of minorities owning cable companies, radio stations and other telecommunications-related entities and NCUA Vice Chairman Rodney Hood is hoping credit unions can play a part.
Bert Hash, chairman on the AACUC internship committee and recently-crowned CEO of the Year by Credit Union Times, has worked tirelessly with his team to build the coalition's internship program.
Providing legislative updates on CURIA and other timely industry issues, Tessema Tefferi, associate director of regulatory affairs at NAFCU, also discussed consumer protection bills regarding credit cards, data security and overdraft fees.
Protecting a credit union and its members from fraud requires familiarity with current scams, use of fraud prevention tools and ongoing training for employees, according to a risk management expert Chetta Hebron-Byrd, risk manager with CUNA Mutual Group, told AACUC conference attendees that it's important to understand the mentality of...
When FORUM Credit Union recently surpassed the $1 billion in assets mark, the senior executives came bearing steaming cups of coffee, doughnuts, cash gifts and hand-signed thank you letters from the CEO to employees at all of the financial institution's 13 branches.
Richard Rays, president/CEO of Paragon Federal Credit Union, recently announced that Pedro L. Barry had joined the company as vice president of new business development.