Awards, Branching Out, Donations
Following in the footsteps of her predecessor, U.S. Sen. Bob Casey, State Treasurer Robin L. Wiessmann is now a vocal advocate for credit union payday products.
Sunmark Federal Credit Union hosted a special guest for Thanksgiving.
The Ohio Credit Union League is giving parents and teens something to talk about with its latest financial education initiative called MoneyAndStuff.
Dual chartering has surfaced once again as a hot topic in Nebraska following the state-to-federal conversion last month of the $60 million 1st Choice CU of Lincoln becoming Peoples Choice FCU.
A panel of credit union experts in home lending presented an overview of the hidden mortgage option that CUs offer to realtors during the National Association of Realtors Conference and Expo here recently. With uncertainty in the real estate markets and the credit crunch running through banks and other home...
Even though bankruptcy filings were down year-over-year as of Sept. 30, September filings were the highest in the last 12 months.
Alaska USA Insurance Brokers is once again expanding its reach.
CUNA Mutual Group has been ranked sixth in the 2007 InfoWorld 100 awards, which annually celebrates 100 IT organizations that have made the best use of technology in pursuit of business goals.
Count Patelco among credit unions stepping up efforts to attract Latino members. The $4.3 billion institution is mid-way through an eight-week campaign that includes the launch of a new remittance product, a branch opening in a predominantly Hispanic Redwood City, and a radio and print campaign featuring a popular recently-retired...
The New York State Credit Union League recently hosted its third annual CEO roundtable for credit unions with up to $50 million in assets.
Credit union card portfolio analysts and brokers report that their analysis of NCUA's most recent data shows CU card performance continues to rise this year as CU card portfolio sales steadily decline.
Beginning in December, Nevadans receiving unemployment benefits will get their weekly money on a debit card rather than a paper check, the state has announced.
There is a new leader at Texell Federal Credit Union.
Neighbors Credit Union has promoted former Chief Financial Officer/Vice President of Finance John Servos to President/CEO.
A newly-released study by the Filene Research Institute concludes that most financial services firms do no more than a marginal job of meeting the needs of Latinos.
Navy Federal Credit Union and Freddie Mac have joined forces to announce an initiative to expand homeownership opportunities for military families, that includes affordable mortgage products and financial education workshops in the Tidewater/Hampton Roads area to help active duty military families plan for homeownership.
Anyone paying attention to the bond market these days is worried about the signals it is sending about the economy. With one eye is on the bond market and the other on the Federal Reserve, investment analysts are wondering if Fed Chairman Ben Bernanke will break with previously released statements...
Digital Federal Credit Union has awarded CUDL its Business Partner Excellence Award, noting that it's the second time in three years that CUDL earned the recognition of being a top DCU business partner.
More than $100 billion in assets and more than five million members at the end of the third quarter of 2007 set records for Canada's credit union system.
To better serve credit union's training and development needs CUNA Mutual Group and CUNA have agreed to transition CUNA Mutual's Creating Member Loyalty organizational training program to CUNA.
The Delaware County Chamber of Commerce has named Franklin Mint Federal Credit Union the Business of the Year.
When it comes to green living a little goes a long way.
In a rebranding campaign, BN West Credit Union has changed its name to MilePost Credit Union.
Redstone Federal Credit Union is giving back to its community in a big way.
Truliant Federal Credit Union is making the holidays a little brighter for those in need.
A program designed to help mainstream credit unions and community development credit unions learn from another is poised to get off the ground in early 2008.
CUNA recently announced a new program to help get more small credit unions at its 2008 Governmental Affairs Conference.
Ask Steve Jones what kind of ROI he expects on the $30,000 or so his CU is plunking down for a data-leakage prevention system and his answer is simple.
To those in Utah, it was hardly surprising last July when the $560 million Goldenwest Federal Credit Union walked off with top honors from the National Association of Federal Credit Unions as "Federal Credit Union of the Year" considering how they talk here of the CU's unique "employee culture."
The cottage industry that has grown up around credit unions using the Symitar Episys platform now has a big dog in the house.
While Treasury Secretary Henry Paulson might find the British, single financial regulator model appealing, industry figures are not on the same page.
Ahh, technology. Susan Luke and Kerri Smith are happily using the latest in credit union land's Webcasting arsenal to share the insights of industry leaders with thousands of people sitting at their office and home computers.
The California and Nevada Credit Union Leagues have picked new officers for the coming year with Lynn Athens, president/CEO of Spectrum FCU in San Francisco, heading up California and Dan Paulson, president/CEOof WestStar CU in Las Vegas, re-elected to lead the Nevada trade group.
More CUs continue to sign up with TNB Card Services for more of their card portfolio management needs, according to the CUSO that is the card processing arm of credit union owned Town North Bank.
NCUA found federally insured credit unions' asset and share growth strong during the third quarter of 2007.
Consumers should be more careful about the gift cards they buy this year, according to the federal regulator that is charged with supervising national banks.
ByDesign Financial Solutions announced that Martha Lucey, executive vice president and interim CEO, has been awarded the permanent post. She succeeds Peter Lake, who left the financial counseling service in May.
Credit Union Times Senior Washington Reporter Sarah Snell Cooke will be filling in as interim editor while the search for a permanent editor continues.
American Eagle Federal Credit Union has opened a new branch in Cromwell.
Members 1st Federal Credit Union recently hosted a grand opening for its 30th branch.
Jeanne D'Arc Credit Union is making its mark in Methuen by opeing the doors to its fifth Merrimack Valley branch.
Arizona Central Credit Union is making banking easy and convenient for members with its latest branch.
Local elected officials and dignitaries have made it a point to tour Merrimack Valley Federal Credit Union's new corporate offices.
American Airlines Federal Credit Union recently celebrated the grand opening of a new branch facility at New York's John F. Kennedy International Airport.
SOUTH BEND, Ind. -- Teachers Credit Union has brightened up the life of one lucky college student.
The City of Fairfield Community Services Department has singled out Travis Credit Union as a local hero for its sponsorship of the "Senior Citizen" van.
Chetco Federal Credit Union staffers brought along popular Kid's Savings Club mascot Dollar Dog for a visit to the Bess Maxwell Elementary School playground to help celebrate, Red Ribbon Week.
Air Academy Federal Credit Union wants to show that membership truly has its rewards with the unveiling of the MAX Checking.
The Small Business Administration has named a new chief of staff and an associate administrator for the agency's Office of Capital Access.
The new Small Business Administration 2006 National Ombudsman Report to Congress gave NCUA a grade of "B" for its response time to regulatory comments received from small businesses and other entities.
While CUNA and NAFCU supported regulatory guidance in the area of funds exempt from garnishment orders generally, they--and the handful of credit unions that commented to NCUA--said that the burden should not be placed on credit unions.
The Financial Crimes Enforcement Network has asked for nominations for its Bank Secrecy Act Advisory Group.
The Financial Accounting Standards Board has delayed, yet again, the release of its final statement on merger accounting standards between mutuals.
In a new realm for NAFCU, the trade association decided to comment on the Office of Thrift Supervision's advance notice of proposed rulemaking regarding unfair or deceptive acts or practices, an item that has no direct implications for credit unions.
Going virtual is helping COCC to go green.
Obscured by headlines about millions of possibly breached identities is the simple fact that the actual act of fraud may be relatively rare.
Credit unions drew the attention of 40% of all phishing and pharming attacks on American financial institutions in October, according to RSA Security.
A leading Canadian provider of ATM and transaction processing solutions to credit unions, retailers and other businesses says it will deploy Postilion's payment switching and ATM driving solutions on the IBM AIX UNIX operating system.
Summit Information Systems is expanding its move into Canada, opening a data center in Vancouver with plans under way for another one in the Toronto area by year's end.
Wincor Nixdorf is now offering what it calls the industry's first mixed-bundle deposit technology for ATMs.
Callahan & Associates has begun the online release of the 2008 version of its flagship Credit Union Directory.
Digital Insight says it has signed more than 60 new clients for its consumer Internet banking solution since the company was acquired by Intuit Inc. last February.
FedComp Inc. is offering its client base of nearly 1,300 small credit unions the services of Fiserv EFT through a non-exclusive partnership, the companies say.
Fiserv Inc.'s VISION business unit was one of six winners of the BAI Innovation Moment award at the recent BAI Retail Delivery Conference & Expo in Las Vegas.
Hyland Software Inc. has released version 7 of its OnBase enterprise content management (ECM) software suite.
Never heard of the Department of Defense's 5015.2 guideline?
Pawtucket Credit Union is adding Check 21 solutions from its core processor, Open Solutions Inc.
QAS says it has sold its QuickAddress address verification and cleansing software to a number of credit unions lately, helping them collect and maintain accurate member information in their core processing systems.
When it came time for Alliance Institutional Services, LLC to find a partner that would provide a business lending documentation system that would not only meet compliance standards and grow its clientele quickly, the CUSO took a 'what if' approach.
Michigan Business Connection, LC has hired Brenda A. Bonner to its lending operations group.
CUSO Financial Services, LP will soon release more details about its 2008 CFS CEO Conference.
Gila Corporation, through its Gila Group business unit, has signed a collections outsourcing agreement to expand its current service offering with Bay Gulf Credit Union.
Clear, the fast pass for airport security, recently announced that sign-ups in the D.C.-area have topped 1,300 and that it has dramatically increased its enrollment in the D.C.-area through several areas credit unions.
Credit unions are generally limited in how they approach members to meet their insurance needs but depending on the type of channel deployment, CUSO partnerships can go a long way to make the connection.
A2iA Corporation's A2iA CheckReader, a set of tools that locates and reads key transactional information from paper checks and arbitrary document images, has been integrated into EasCorp's new remote consumer deposit capture service, DeposZip.
Justice Federal Credit Union has partnered with Zix Corporation to provide e-mal encryption services.
Kansas credit unions were very supportive this year when John Smith, credit union administrator of the Kansas Department of Credit Unions, proposed to update Kansas Statute Annotated (KSA) 17-2204a which provides authority for Kansas credit unions to invest in or make loans to a Credit Union Service Organization (CUSO).
I think it's fair for State Employees CU of N.C. CEO Jim Blaine to say that courtesy pay is a cash cow for credit unions. Many credit unions do not have the scale and operating efficiencies of competing behemoth financial institutions. In today's slim margin environment, credit unions have to...
As this is my last official deadline as editor/publisher of Credit Union Times, I want to fill in the details on some housekeeping issues as this publication moves forward and continues to be the top publication serving credit unions.