Ent Federal Credit Union, Colorado Springs, Colo., recently celebrated its 50th anniversary. Ent locations served complimentary cookies and distributed random transaction giveaways to members during service center hours of operation to mark the occasion. Colorado Springs Mayor Lionel Rivera read the city and state proclamations designating March 7, 2007 "Ent...
Technology Credit Union, San Jose, Calif., recently hosted its first annual Community Spirit Day to increase awareness for local nonprofits and community outreach organizations. The CU raised $4,000 in donations for RAFT, Girls for a Change and City Team Ministries. More than 150 people attended the day, featuring a concert...
Everyone's Federal Credit Union, Vaughn, N.M., officially opened its Vaughn Branch with a ribbon cutting ceremony recently. The new credit union branch is located at the offices of ENMR Plateau Telecommunications, a cooperative that provides telephone and wireless services to towns in rural eastern New Mexico. The full-service branch includes...
Shared branching and its importance to the credit union movement overall drew the praise of credit union leaders addressing a recent shared branching meeting.
Credit Union 24, the ATM/EFT network headquartered in Florida, announced that it has signed the $1.6 billion Tower Federal Credit Union to the cooperative EFT network.
As many as 50 credit unions across the U.S. could have become potential partners for the $250 million Toyota Federal Credit Union of Torrance, Calif. based on its high performance mark, according to Bartoo Associates, a CU merger consulting firm.
One issue that is unique to credit unions is which institution is responsible for filing a Currency Transaction Report at a shared branch.
During Georgia Central Credit Union's 2007 Economic Symposium, Jeff Rosensweig, director of the Global Perspectives Program at the Goizueta Business School of Emory University, discussed implications of global economic trends and the general state of the United States economy.
Credit Unions that have their debit and credit card processing with different firms do not necessarily benefit from consolidating all their card business with one card processor, according to research conducted and released by CO-OP Financial Services.
The Arkansas Credit Union League has picked "Arcuso" as the name for its indirect CUSO having filed incorporation papers with the Arkansas Secretary of State.
CUNA is keeping a watchful eye over the lobbying reform bill weaving its way through Congress to ensure it does not hinder their political efforts.
Community participation in the 1st Annual Brees Dream Foundation Golf Outing held at the Birck Boilermaker Golf Complex in West Lafayette has exceeded expectations of The Brees Dream Foundation and Purdue Employees Federal Credit Union.
CUNA Mutual Group received first place in the 2007 INNovators Award competition, sponsored by Insurance Networking News magazine. The award recognizes innovative insurance carriers, agencies and brokerages whose business technology acumen produces demonstrable, tangible results.
May savings came in strong even without the "payroll effect" and in line with CUNA's forecast, according to Chief Economist Bill Hampel.
CU BizSource has been acquired by CUNA Mutual Group from MEMBERS Development Company, CUNA Mutual said July 3.
June 27 marked a turning point in the continuing tale of woe in the subprime mortgage market, with federal regulators issuing new rules that go into effect immediately.
Of seven new co-sponsors added to the Credit Union Regulatory Improvements Act recently, six were not co-sponsors from the 109th Congress.
Wal-Mart's planned expansion of 1,000 "Money Centers" across the U.S. deserves more than careful scrutiny from credit unions because of its implications on the underbanked, according to the head of the New York State Credit Union League.
Debuting what is being called an innovative approach to payday products, the $200 million Family Trust Federal Credit Union has rolled out "Lifeline Advance" loans incorporating both a savings feature and a $35 program fee.
America First Credit Union helped some 200 members shred 39,000 pounds during its first ever Shred Your Stuff Saturdays held throughout the month of May.
Visa USA, the nation's largest credit and debit card brand, has begun looking toward what it called a generational shift in spending patterns as the purchasing momentum moves from Baby Boomers to younger generations, which Visa identified as Echo Boomers.
TNB Card Services, the card portfolio purchasing and processing arm of credit union-owned Town North Bank has renovated its card rewards program to make it more accessible and better known to credit unions.
Even though bankruptcy filings are down for the 12-month period ending March 31 overall, the number is beginning to creep back upward.
NCUA Chairman JoAnn Johnson unveiled a financial education library on NCUA's Web site last week, as well as new calculators on the MyMoney.Gov site for the Financial Literacy and Education Commission.
Michael McGrath, president of CU National Mortgage and its parent company, US Mortgage Corp, has been appointed to the Fannie Mae Customer Advisory Board, giving CUs their first presence on the influential board. CU National Mortgage is a mortgage product and service provider to credit unions nationwide that serve over...
CUNA and NAFCU commended the Federal Reserve Board for proposing to withdraw unnecessary e-commerce regulations.
After a bit of catch-up, NCUA is now generally viewed as "on par" with the other banking regulators regarding Bank Secrecy Act examination and credit unions' need to be ready for it, including how to respond if they are hit with a violation.
The $1.2 billion Western Federal Credit Union had good reason last week to be "very excited" about its planned merger late this year with the $250 million Toyota Federal Credit Union of nearby Torrance.
Fidelity National is continuing to purchase its way to becoming the largest company in the center of the credit union card industry, announcing on June 27 that it has inked a deal to purchase eFunds, one of the largest processors of EFT transactions.
It's been nearly a decade since Visterra Credit Union changed to a community charter, but the switch proved to be "confusing" to many and ultimately, didn't provide the "lift" the financial institution expected would come. Still, the $450 million credit union has evolved in a number of ways to grow...
Growth and membership expansion at Honolulu City & County Employees Federal Credit Union prompted the financial institution's new name: Aloha Pacific Federal Credit Union.
Effective June 1, Shawn Gilfedder has been named president of McGraw-Hill Employees Federal Credit Union.
Paragon Federal Credit Union said its member business lending program is "totally maxed out" and is feeling the pains of the federal regulatory cap on such loans.
Joining a growing list of credit unions that have extended their hours to seven days a week is Fairfax County Federal Credit Union.
NCUA's Community Development Revolving Loan Fund program got a boost from Capitol Hill recently.
CUNA was invited to participate in a roundtable of housing and finance experts to discuss the foreclosure crisis in Ohio.
NCUA Board Member Gigi Hyland has announced that the registration is now open for the Aug. 15 Outreach Task Force Town Hall meeting in Denver, Colo.
UW Credit Union has broken ground on a new Middleton branch.
US Federal Credit Union recently celebrated the Grand Opening of its Shakopee branch--the first full-service credit union branch in the Shakopee community--with a barbeque.
First Financial Credit Union is hoping to set a new service standard with its Pasadena branch.
Delta Community Credit Union's official weeklong grand opening of its Peachtree City branch has been a hit with area residents.
Fiserv Automotive Solutions says it has integrated its loan origination system (LOS) with a Web-based credit application system that serves more than 21,000 dealers across the country.
S1 Corp. announced its latest move toward the credit union market, having its Postilion division join the Symitar Vendor Integration Program.
fiVision has partnered with Integrated Media Management to offer seamless document presentment with data generated from member-relationship management software, the companies say.
Insight Financial Credit Union has gone with one of the industry's giants for its new internal communications infrastructure.
San Diego Metropolitan Credit Union member Jennifer L. Carroll has recently been named the winner of $5,000 in BillPay provider, Digital Insight's National Sweepstakes.
There is a new association in credit unionland and credit unions serving the health care industry couldn't be happier.
Analysis by Information Strategies Inc. reveals that Health Savings Accounts are approaching 5% of all health care insurance users on a nationwide basis.
Southern Lakes Credit Union says it stepped into the future of health care when it began offering Health Savings Accounts last year.
Even in Maine, where folks resist change, health savings accounts are emerging as the plan of choice for employers, said Jennifer McCurry, account manager with Insurance Innovations, a wholly-owned subsidiary of the Maine Credit Union League Insurance Trust.
Closing a loan is more than just a transaction; it represents the beginning of what should be a mutually beneficial relationship between credit unions and their members. However, all too often credit unions fail to take advantage of the countless opportunities that currently exist. Credit unions need a set of...
I think CUNA Mutual did the right thing by raising deductibles and increasing premiums on credit cards. CUNA Mutual is owned by its policy owners and we collectively were losing money on this coverage. CUNA Mutual was paying losses that were the result, in too many cases, of weak internal...
NCUA has proposed two regulations that would bring more transparency to credit unions. Both regs were shunned by CUNA, NAFCU and many credit union leaders.
A growing number of small business owners are showing consumers they care about the environment by going green.
EASTMid-Atlantic Federal Credit Union, Germantown, Md., appointed Glen Lazovick to director of mortgage lending for its Mortgage Department.Discovery Federal Credit Union, Wyomissing, Pa., recently announced that its Director of Marketing Tara McQuillen has been ranked among the "Top 20 Under 40" by the Eastern Pennsylvania Business Journal. Nassau Educators Federal...
The Georgia Department of Banking and Finance announced last week the death of former Commissioner David Sorrell from an apparent heart attack July 1.
With the growing need to maintain a financially literate future, Travis Credit Union recently announced the selection of Marlene Myers as financial education officer.