LUTHERVILLE, Md. -- First Financial of Maryland Federal Credit Union has opened the doors to its second student-run branch.
The National Federation of Community Development Credit Unions wants everyone to know that "not all financial institutions are feeling the squeeze" of the credit markets spurred by write-offs of mortgage-backed securities.
For the third consecutive year, Ascend Federal Credit Union is giving money back to its members just in time for the holiday season.
Despite the headlines, mobile banking may not be ready for primetime just yet.
Credit unions around the globe continue to join the fight to eradicate HIV/AIDS.
Nate Smith has no fear that Continental Credit Union's consumer loan portfolio will suffer as members feel the pinch of an economic downturn.
On the same day that Fiserv Inc. announced that it had completed its largest acquisition yet, the company said one of its co-founders was retiring in a matter of days.
myCUmortgage(R) recently recognized three credit union partners in four categories for excellence in mortgage lending at its annual Partner Conference. Dynamic Federal Credit Union, Credit Union of Ohio and DESCO Federal credit union each received recognition for outstanding results in helping members with homeownership.
In anticipation of opposition, Beehive Credit Union has urged members to reach out to the CU if they are contacted by "outsiders" providing a different perspective on the CU's possible change to a mutual savings bank charter.
In an effort to reassure its members, Beehive Credit Union has promised members that as a bank it will not raise any fees on consumer deposit accounts for at least two years and will keep interest rates on two loans and one deposit account within 0.25% of the average rates...
To help save more lives, Alaska USA Insurance Brokers, a wholly-owned CUSO of $3.2 billion Alaska USA Federal Credit Union, has given a $16,782 grant to the Ninilchik Fire Department for new life-saving equipment.
After 65 years, St. Charles Borromeo Federal Credit Union is revamping its image with a new name.
Appropriate to National American Indian Heritage Month, NCUA is shining a spotlight on credit union efforts to serve their local underserved Native American communities.
USA FCU here charged off $3.6 million in loans and set aside $5.6 million in its reserve for loan and lease losses in the third quarter and reported a net loss of $1 million. Rising delinquencies on loans behind two months and longer were $3.4 million.
The four recipients of the first Leadership Scholars Program have elected to use their scholarships to attend the CUES executive education programs. Recipients Larry Palochik, CEO, South Bay Credit Union CEO Larry Palochik, Diablo Valley Federal Credit Union CEO John Pamer, 1st Valley Credit Union CEO Gregg Stockdale, and Palo...
Detailed reports from the Canadian government and the popular CBS television news program '60 Minutes' have brought the details of card security back to the surface again, just in time for this year's holiday season.
Redwood Credit Union recently demonstrated that giving is a year-round event.
The client list at Fiserv Inc. grew by 3,000 in a single day as the company completed its largest acquisition yet with the purchase of CheckFree Corp.
Democratic presidential hopeful Hillary Clinton recently proposed a 90-day moratorium on home foreclosures to give financially troubled borrowers time to work with lenders and avoid losing their homes.
December is shaping up as an active month for merger completions in the corporate credit union realm.
Southwest Corporate Federal Credit Union welcomed more than 200 new members as a result a seamless merger with Northwest Corporate Federal Credit Union, which took place during the Dec. 1 weekend.
PHOENIX -- A robust 2007 for Credit Union Financial Network has set the stage for the investments, trust services and insurance CUSO to expand even further in 2008.
Several Michigan credit unions are among the first to sign on with CUSO Financial Services, LP's new online investment consortium program for small credit unions.
There's a new way to learn more about Drive for Hope.
When Robert Reed arrived at Arrowhead Credit Union in May as the new senior vice president of sales and service, he was more than impressed with the financial institution's impeccable service and transaction records.
New York's "Hometown" paper, the New York Daily News, featured a story on Dec. 3 about SEIU CU member Onika Shepherd, who remembered how well her credit union treated her when she was in college and got a car loan. CUs were all about auto loans, right?
With gift giving now a high priority during the holiday season, the National Credit Union Foundation confirmed last week it has won a new seal of approval as an accredited charity from the Better Business Bureau.
Eager to put the largest retail card security breach in history behind itself and the industry, TJX Companies has put forward a plan that will allow credit unions and other card issuers to receive compensation more quickly for damages they've suffered.
NAFCU is helping members fight identity theft this holiday season.
Navy Federal Credit Union has disaffiliated from the Virginia Credit Union League and CUNA in a principled protest over the League's chief lobbyist, Reggie Jones and the firm Williams Mullen, which also represents the Community Financial Services Association, the trade association for 60% of the country's payday lenders.
NAFCU Macro Flash Data reports for both existing and new home sales show results from the month of October underperforming relative to expectations but portray a mixed bag with existing sales down by 1.2% (annualized) and new home sales up by 1.7%.
Maureen Maddox, considered to be a veteran in the credit union industry, has been tapped to fill the Filene Research Institute's new innovation sabbatical role.
Charlotte Ayers, president/CEO of Georgia's Own Credit Union, has been appointed the newest member of Georgia Central Credit Union's board of directors.
Roughly two weeks into its period of notification and balloting, the debate over whether the $186 million Beehive Credit Union will change its charter to that of a mutual bank has begun to heat up.
The White House has nominated Michael E. Fryzel, a former state credit union and bank regulator, to replace NCUA Chairman JoAnn Johnson.
The NAFCU Board met with Federal Reserve Governor Kevin Warsh and staffers on Dec. 4th, its 15th such annual meeting held to discuss credit union issues and present the findings of its 2007 Report on Credit Unions.
Check processing has long been a 'raison d'etre' for corporate credit unions.
Credit Union 24 has more than tripled the number of surcharge-free ATMs members of participating credit unions can use, making the network the largest in the country in terms of number of ATMs.
Senate Minority Whip Trent Lott (R-Miss.), who has been friendly to credit unions, has announced that he will resign his Senate seat by year's end.
Torrco Employees Federal Credit Union members have recently approved a merger with $1.35 billion dollar Founders Federal Credit Union.
With its eye on a possible management linkup or partnership with the Texas Credit Union League, the Oklahoma Credit Union League said last week it was moving ahead with its long-standing plan for a Credit Union House in Oklahoma City patterned after CUNA's Washington, D.C. facility.
Central Florida credit unions are doing their part to spread the word about the credit union difference.
Jittery investors retreating from the stock market, coupled with the two-year Treasury note recently falling 26 basis points to hit a three-year low, have led some credit unions to reconsider their investment options.
After years of waiting, credit unions and others are now able to review and comment on proposed regulations and guidelines regarding credit report accuracy and consumer dispute processes.
The Credit Union Association of Oregon has announced that it will launch the Oregon Compliance InfoSight, a comprehensive online compliance information system, in January 2008.
Members of CUNA's Bank Secrecy Act Task Force came to the Washington, D.C. area during the first week of December to meet with the NCUA Board members and with James H. Freis, Jr., the director of the Financial Crimes Enforcement Network and staff for Congressman Barney Frank (D-Mass.), chairman of...
NCUA didn't waste any time in trying to sell off the bad loans made by Huron River Area Credit Union, of Ann Arbor, Mich., the assets of which were assumed by Detroit Edison Credit Union in a purchase and assumption last week.
Michael Pappas has been appointed new regional administrator for the Small Business Administration's Region II which includes New York State, New Jersey, Puerto Rico and the U.S. Virgin Islands.
Federal Reserve Chairman Ben Bernanke has given strong hints recently that he's in favor of another interest rate cut to bolster the sagging economy.
CUSA Technologies has released a new version of its LoanDesk loan origination software, an upgrade crafted in collaboration with CUNA Mutual Group.
KeyPoint Credit Union will be using the KnowledgePortal 360 enterprise learning management system.
Harland Financial Solutions says its UltraData Enterprise Group has earned certification from Service Strategies Corp. under the Service Capability and Performance (SCP) standards.
Energy Credit Union says it is switching its core processing to COCC.
Two new product enhancements have been announced by Gladiator Technology Group, a division of ProfitStars/Jack Henry & Associates that provides managed security services to more than 500 financial institutions nationwide.
SilverCloud Software says it has signed six new credit unions and a state league as users of its SilverCloud Knowledge System and expanded its business with eight other CUs and CO-OP Financial Services.
Fiserv Inc. is offering a new adoption marketing program to users of its Paytraxx bill pay service.
A revolution in paper check processing that began with the ACH explosion first fueled by direct deposit of Social Security checks in the early 1990s has combined with Check 21 to create a whole new marketplace.
The $157 million Heritage Family Credit Union has become the latest to fully implement end-to-end check imaging through NCR's No Envelope deposit technology, the company has announced.
Like the Internet, which was initially received as a worldwide "huh?" and now dominates our daily lives, electronic check processing has slowly ramped up to today's tidal wave of activity. Check 21 is rocking the payments world.
I take the optimistic view for credit unions in 2008.
Credit Union Times' latest voting poll wants to know what you think was the top story of 2007.
Erosion of the credit union philosophy ranked No. 1 among Credit Union Times poll respondents as the "greatest threat" to the future of credit unions.