WASHINGTON--Serving Pentagon and military personnel, Pentagon Federal Credit Union has a highly mobile field of membership and noticed it had been losing members as they went onto other assignments or just out of the Washington, D.C.-area.
BRANCHING OUT Ticonderoga Federal Credit Union, Port Henry, N.Y., opened its Port Henry Branch with an official ribbon cutting ceremony. The new, highly-anticipated facility features state-of-the-art technology, three inside teller stations, two drive-through teller windows, a 24-hour walk-up ATM, the TFCU marketing office and a full-time members service representative. Members...
With potential annual savings of more than $104 million at stake, the U.S. Department of the Treasury is continuing its push for direct deposit of Social Security and SSI checks.
Members are lined up demanding cash, you only have a skeleton staff, and everyone is edgy because of a bird flu pandemic.
The Credit Union Association of Wyoming noted the passing of Senator Craig Thomas (R-Wyo.), "a good friend to credit unions" and said that his replacement state legislator John Barrasso should continue good relations on Capitol Hill.
The Federal Reserve Bank of Philadelphia recently announced the appointment of TruMark Financial Credit Union CEO Richard Stipa to its Credit Union Advisory Council.
Missouri Gov. Matt Blunt has appointed Charles Waalkes, president/CEO of American Eagle Credit Union, to the state's Credit Union Commission.
Citing its product strategy and rapid growth of in-store branches, the $3 billion Desert Schools Federal Credit Union said last week it has reached a "dramatic" membership milestone: 350,000 members, a 30% jump from five years ago.
As a bill to lower private lender subsidies works its way through the legislative process, CUNA is trying to add credit unions as part of the exemptions.
Credit unions are sandwiched in between leasing companies and insurance companies as the provider of choice for small business owners, according to a new survey.
With the economy expected to experience "modest growth" in the second half of the year, credit unions' asset yield should hold during that time.
For years, the running teaser between Meridian Trust Federal Credit Union and Utah Power Credit Union involved finding a way to link up to serve more members even though both financial institutions were as different as they come.
Employers that want employees to be savvier when it comes to meeting health care needs should work on their communication skills.
The New York Credit Union Foundation has recently hosted a workshop focused on discussing coordinated youth financial education solutions.
Gainesville Regional Utilities and 1st Credit Union of Gainesville are making it easier for area homeowners to go green.
NACUSO and the Bank Insurance & Securities Association are teaming up for the inaugural Credit Union Symposium.
Carol White has been named president of Central Missouri Community Credit Union.
American Share Insurance announced recently that it has hired three more new employees for its audit department.
Kent Ash, regional director of American Airlines Federal Credit Union won a cut-crystal Tiffany bowl from Enterprise Car Sales, which specializes in working with CUs of all sizes to increase auto loan volume. Ash won the raffle during the CUNA America's Credit Union Conference in Las Vegas. Anna Scheidt, marketing...
An entrepreneurial inventor who received loans from the $31 million Opportunities Credit Union to help him develop a product has received a $3 million contract from the U.S. Department of Defense to produce it.
Dollar Associates recently announced the launch of its new Who's Who in America's Credit Unions publication and awards program.
Nearly two years in the drafting stage, the Ohio Credit Union League is looking for a dues increase and restructuring to start in 2008.
With 72% of members describing State Employees' Credit Union as their primary financial institution, senior management wants to be absolutely sure that when trust services makes its official debut, front-line staff will be ready to recognize who may need help with estate planning.
NAFCU collected over $200,000 more in dues in 2006 over 2005, but there has not been a dues increase; it is because of the health of the industry and its membership.
Orange County Teachers Federal Credit Union hosted a session for credit union executives and supporters to meet and exchange ideas with Rep. Ed Royce (R-Fullerton). The reception, held July 6 at OCTFCU, raised more than $35,000 for Royce, a longtime credit union supporter and original co-sponsor of the Credit Union...
When a dozen credit unions merge into one multi-billion dollar financial institution, implementing a data conversion in one fell swoop is logistically not possible.
NCUA released a legal opinion letter (07-0627) last week clarifying the member-to-member communication provisions in the updated mutual savings bank conversion rule for an attorney at Silver, Freedman & Taff, LLP, which assists in these conversions.
Fidelity National Information Services, the leading processor for credit union card accounts and a leading processing and authentication provider, began putting stronger internal control procedures into place after the processor discovered a data breach, which it alleged came from a source inside one of the company's subsidiaries.
Garden Savings Federal Credit Union has agreed to a Cease & Desist Order from NCUA, without admitting or denying fault, for Bank Secrecy Act noncompliance, the regulatory item credit unions often cite as the most onerous.
The American Bankers Association and America's Community Bankers wrote a joint letter to Treasury advocating for maintaining a separate Office of the Comptroller of the Currency and Office of Thrift Supervision at Treasury.
Outside of Texas, it's been relatively quiet on the unsolicited credit union merger front.
CUNA Mutual Group has hired Jack Goodwin as senior vice president, commercial products for the commercial insurance business unit.
In 1949, Delta Air Lines' founder C. E. Woolman saw the benefits of partnering with a then nine-year old Delta Employees Credit Union.
Suzanne Cowan, director of the Wisconsin Office of Credit Unions, has been appointed to serve on the NASCUS Board of Directors, NASCUS Chairman Linda Jekel (Wash.) announced last week.
NAFCU Board Secretary Dave Gilbert, chairman of Aberdeen Proving Ground Federal Credit Union, learned a lot serving on the NAFCU board and hopes to share with other volunteers the ingredients for getting elected to a national trade association board.
NCUA issued a second opinion letter concerning federal credit unions' political activities after a request for "further elaboration" from CUNA.
Both California and Nevada credit unions posted much lower gains in nearly every financial category in 2006; however, the cooperatives still achieved moderate growth, despite the region's struggling real estate market.
Although located across the river from Washington, D.C., NCUA is feeling the heat of Congress' new focus on consumer protectionism.
It's both the end of an era and a new beginning at Credit Union ONE.
The Web site created by Wings Financial Federal Credit Union during its merger campaign towards members of Continental Federal Credit Union has recently been updated with a new invitation encouraging Continental Airline employees to join.
Two Niagara Falls-area credit unions have been cited by regulators for operating "in an unauthorized and unsafe and unsound manner" for lack of controls in their lending, compliance, and accounting operations according to a story in The Buffalo News.
CUNA's "Little Guy" ad campaign is finding some running legs, so to speak, in North Carolina with CU employee/members taking part in a special fundraising project--a grueling long-distance race this September across two states.
The 1.8% membership growth in May is the strongest gain since 2005 with 294,000 members joining credit unions.
Four months after seeing signs that it could potentially be among the next in the industry to be a target of an unsolicited merger, Alaska Airlines/Horizon Air Employees Federal Credit Union didn't sit idly by fretting.
Choice One Community Credit Union CEO John Kebles recently hosted an event for Congressman Paul Kanjorski (D-Pa.) at the credit union to link him up with the local officials.
Long-time consultant, Jan Dietzenbach has retired after 17 years of service to the Iowa Credit Union League.
For its service-oriented culture and efforts to recognize employees for good work, Orange County Teachers Federal Credit Union was recently named one of the 50 Best Small & Medium Companies to Work for in America.
Roughly 1.65 million ATMs worldwide make up what is essentially a saturated market for the popular banking machines, according to a report from Global Industry Analysts, a market research firm.
Even though the economy has been weaker than many economists would want, a survey conducted by the American Banker's Association has found that credit card delinquencies have remained at 13 year lows.
Credit unions that issue credit and debit cards should continue to do so even though fraud losses might have bitten into their program's profit margins and hiked insurance premiums, CUNA Mutual Group has emphasized.
After over 31 years of serving BayLands Federal Credit Union, President/CEO Margie Elliot has announced she will retire effective August 1.
Affinity Federal Credit Union has named Ren?(C)e Vanek as president of wholly owned subsidiaries Affinity Investment Services, LLC and Members Alliance Insurance, LLC.
More than 270 teachers, credit union representatives and agency staff attended financial education workshops last month sponsored by the Minnesota Credit Union Network and the University of Minnesota Extension, and supported by credit unions throughout the state.
Triton, a leading manufacturer of ATMs, has continued to seek a stronger presence in the financial institution market, particularly among credit unions and smaller banks.
There seems to be no slowing down when it comes to health savings accounts.
No one has thrown an annual meeting quite like CommunityAmerica Credit Union did recently.
For his vision and continued mission to help build Poland's credit union system, Mike Mercer, president/CEO of the Georgia Credit Union Affiliates, recently received the country's highest honor for a foreign national.
For the board of directors at Gwinnett Federal Credit Union, the first visit to their sister credit union in Poland a few years ago quickly became an eye-opening experience that continues to have an impression on just how far the "people helping people" philosophy really travels.
North Island Credit Union has broken ground on its new "green" six-story, 130,000-square-foot headquarters building in Kearny Mesa.
Charlotte Ayers, president/CEO of Georgia Telco Credit Union, has been selected to serve as chairman of the board of CU Images, LLC.
More feedback has come from banking groups on a Securities and Exchange Commission proposed regulation that would exempt banks from having to register with the agency for certain brokerage activities.
Southwest Business Corporation recently announced that it has added a Reverse Mortgage Division to its credit union mortgage services menu. SWBC President/CEO Gary Dudley said the company recognized the growing demand for the product and was responding to CU-client inquiries.
Others are taking notice of the Credit Union Cherry Blossom 10-Mile Run.
Leominster credit union has named Gordon R. Edmonds president/CEO, effective immediately.
Vancouver City Savings Credit Union has found its new CEO in Tamara Vrooman.
Jack Henry & Associates has reached the sweet 16 with the acquisition of Atlanta-based Gladiator Technology Services Inc.
It's just not credit unions that are feeling the pain of mergers, but the banks are too, and conditions are much worse there, maintains the Association of Vermont Credit Unions.
Ongoing Operations LLC will be using a sophisticated piece of hardware from Teneros Inc. (www.teneros.com) of Mountain View, Calif., as its disaster recovery solution for the processes powered by Microsoft Exchange, including e-mail.
While it has been over a year since Hurricane Katrina, there is still much to do in New Orleans, as Philadelphia Federal Credit Union Vice President of Lending Claire Ippoliti discovered when she took a week off to volunteer for the Emergency Communities Goin' Home Community Caf?(C).
The Wisconsin Credit Union League has now added its weight to the growing trend of countering foreclosures and predatory mortgages with the credit union common sense approach to real estate lending.
With average home prices in Dane County about half those in the Los Angeles area, some LA folks might not think Madison-area homebuyers have a problem.
While thousands of enthusiasts recently waited overnight in long lines to purchase the highly-hyped iPhone, many opted to wait it out a few months concerned that there might be a few more bugs to work out with Apple's latest invention and that the $599 price might eventually drop.
One year into the job, NAFCU Services Corporation President David Frankil revamped the focus of the organization as well as influencing the mindset of its vendors.
House Financial Services Committee Chairman Barney Frank (D-Mass.) has written the five federal financial institution regulators, including NCUA, on compliance with the Social Security Act's prohibition on the garnishment of federal benefits.
Reverse mortgages are beneficial for certain older homeowners if all aspects are taken into consideration, CUNA Chief Economist Bill Hampel told CNNMoney.com in a recent article.
If you are shopping for a used car and you have less than A or B credit, you'll pay a higher interest rate on a loan. That's a given, and even subprime borrowers who aren't financially savvy know it from experience. But just how bad a deal can you get?...
roviding a kind of wake-up call to credit unions, Wal-Mart's big "Money Smart" venture into financial services is triggering an industry appeal to promote and brand more "unbanked" payday products.
In a somewhat unexpected move, the Coalition for Credit Union Charter Options, the banker-led organization that seeks to facilitate credit unions changing their charters to those of mutual banks, has filed suit in federal court to reverse the agency's regulation surrounding credit union-to-bank charter conversions.
CUNA took the Government Accountability Office report requested by Bernie Sanders (I-Vt.) one step further in several categories to reveal additional favorable figures for credit unions in defending against bankers' attacks.
Credit unions might be entitled to borrow actor Telly Savalas' catch phrase from the old television show Kojak and ask consumers, "Who loves ya, Baby?"
A state budget fight that caused at least one credit union in Pennsylvania to put policies into place to help furloughed government workers came to an end after one day of temporarily laying off employees.
New York has become the first state in the country to have authorized its own Community Development Financial Institutions Program. New York Governor Eliot Spitzer signed legislation, which had been strongly backed by the National Federation of Community Development Credit Unions and the New York State Credit Union League, on...
BISYS Retirement Services and NAFCU Services Corporation have recently expanded their partnership to include Health Savings Accounts.
The NCUA has issued orders prohibiting two individuals from participating in the affairs of any federally insured financial institution.
The comment period for NCUA's proposal to re-incorporate the Federal Credit Union Bylaws into its rules and regulations has been extended, NCUA announced last week.
Partners Federal Credit Union and Vista Federal Credit Union, which serve employees of The Walt Disney Company, are merging.
The executive director of the National Federation of Community Development Credit Unions has written The New York Times to challenge an oversight which appeared to leave credit unions out of the city's new anti-poverty effort.
NAFCU will host a Webcast on the strategic implications of CUSOs for credit unions.
The leading edge is no longer the bleeding edge for organizations like Amplify Federal Credit Union, now that mobile banking software has become adept at seamlessly delivering easy-to-use service regardless of device or carrier.
The Golden 1 Credit Union has become the first CU to deploy the multi-factor authentication solution from Arcot Systems for its online banking members.
Steve Schexnayder has been through a lot of changes in his 23 years with his credit union, especially when it comes to integrating operating systems with the ever-growing list of third-party offerings that have become crucial to the business life of any CU that expects to thrive.
eCU Technologies and a California credit union are beta testing a new version of the tech CUSO's electronic honor deposit solution.
Rogue Federal Credit Union has recently broken ground on a new Eagle Point branch.
Sebasticook Valley Federal Credit Union has officially opened the doors to its new Pittsfield branch with the "School's Out - Summer Savings Spectacular."
Design/build firm DEI Incorporated has recently promoted Southwest Ohio, Kentucky, Tennessee and West Virginia Regional Manager Neil K. Kool to vice president of sales.
E1 Financial Credit Union is hoping Rosemead Wal-Mart shoppers appreciate the convenience of its latest in-store branch here.
NewGround, a design/build and retail services firm serving the financial industry, has launched its latest release of WayPoint, a diagnostic assessment tool for the alignment of a company's retail delivery service.
High Desert Federal Credit Union recently held its groundbreaking ceremony in Apple Valley next to the adjoining Jess Ranch Community.
Eastern Financial Florida Credit Union has tapped CUNA's "Little Guy" to drive home the message that credit unions exist to serve the real life little guys.
Seven Seventeen Credit Union recently hosted the first-ever Teachers Academy, an initiative of State Treasurer Richard Cordray's office.
With MoneyPerks it pays to be a Michigan First Credit Union member.
For the third consecutive year Wescom Credit Union has sponsored the Los Angeles Angels of Anaheim.
Carolina Postal Credit Union is enticing members to make the credit union switch and ditch their high interest rate.
I am writing to suggest that the time has come for closer dialogue between our credit union trade associations, CUNA and NAFCU, to examine the possibilities of merger in order to better protect and defend the credit union charter from attacks from the newly forming American Bankers Association. From their...
Looking back 10 years ago, finds NCUA Chairman Norman D'Amours warning attendees at the 30th annual NAFCU Conference & Exhibition that the next battle with bankers will be over taxation.
Wal-Mart made news last month when it announced an expansion of its check-cashing and money order services and the rollout of a prepaid debit card for its customers. At first blush, this sounds like good news for consumers since Wal-Mart estimates that its fees would be about 25 to 50%...
Get the word out about credit unions. Anyone who reads this column has heard me sing this tune time and time again, and time and time again I am amazed by the lack of a national effort. However, I am excited to see the strides states are taking to brand...
Pushing her body to the limits provides NAFCU's new Public Relations Manager Patty Briotta a sense of satisfaction in reaching the finish line, but also raising money for causes.
Rick Roy can't remember a time when he hasn't spent time on a lake.
For SC Telco Federal Credit Union Vice President of Administration Patti Seymore every piece of furniture has a story to tell it is just a matter of coaxing it out.
A move into a new house in 2003 helped draw out the artist in Altura Credit Union Executive Vice President/Chief Information and Administrative Officer Ron Woodbury.
When someone needs some holiday cheer or even just a little floral "zing" for their space, a call is placed to Mountain America Credit Union Deposit Operations Manager Linda Gentry.
Although Arrowhead Credit Union is community-based, its reach doesn't stop at the borders of San Bernadino and Riverside Counties.
After hearing Arthur Frommer speak at a travel expo shortly after CUNA's GAC, CUNA Senior Vice President of Compliance Kathy Thompson and her husband, Fred, said they decided they had to go to China.
Executives with the credit union industry's shared branch networks are choosing to work and stay home this summer.
As the saying goes, "Here today, gone to Maui." And for Bob Dorsa, president of the American Credit Union Mortgage Association it is the place he goes to exhale, de-stress and re-energize for that next series of conference planning.
Tina Welch's family celebrated a number of milestones this year so it seemed fitting that a cruise to the Bahamas would be the perfect way to cherish those memories.
Dan Mica and his wife Martha stayed close to home for their summer vacation.
NAFCU Board Member Ed Templeton, president/CEO of SRP Federal Credit Union, had the itch to get a motorcycle ever since he was little riding his dirt bikes, but his parents would not allow it.
The Credit Union Regulatory Improvements Act (H.R. 1537) has continued to gain legislative co-sponsors at warp speed in its first few months in the 110th Congress, which NAFCU says is a credit to credit union officials pounding the pavement.
SHREWSBURY, N.J. -- NAFCU's Annual Conference has seen its share of celebrities over the years. Below are pictures of just some of the big names that have graced the NAFCU stage.
Faces and places may change over the years, but one thing remains the same about NAFCU's Annual Conference and Exhibition--you never do know what to expect.
Hawaii Offers NAFCU Attendees A Diverse Experience In One of The World's Most Exotic Locales