Keys Federal Credit Union, Key West, Fla., recently presented a financial fitness seminar to members of local military. Naval Air Station Key West and the Fleet & Family Support Center sponsored the session held at Trumbo Palms. President/CEO of the CU, John Dolan-Heitlinger, facilitated the seminar for military personnel on...
Gains in membership so far this year are already exceeding 2006's numbers for the same period
NEW YORK -- Two leaders of community development credit unions have been recognized by the National Federation of Community Development Credit Unions for their persevering community development work.
Clifford Rosenthal, the executive director of the National Federation of Community Development Credit Unions has been honored with the naming of a new community center in a part of New Orleans hardest hit by Hurricane Katrina.
The NCUA Board last week exhibited its unanimous support for the Prompt Corrective Action proposal currently included in the Credit Union Regulatory Improvements Act (H.R. 1537).
Bolstering management ranks while a new president/CEO is being recruited, the New Jersey Credit Union League announced last week it has hired Tom Griffiths, a retired president/CEO of the Iowa Credit Union League, to serve as an executive management consultant.
Wal-Mart, the nation's leading retailer, has announced an effort to make its stores a significant source of financial services for lower income and underserved consumers, the retail giant said in June 20 press release.
Taking a stance against unsolicited merger attempts, the Wisconsin Credit Union League is joining a handful of other leagues that have adopted resolutions offering some guidelines.
Freedom First Federal Credit Union and the credit union community have donated $111,328 to the Freedom First FCU Virginia Tech Memorial Fund.
Two of the country's most courted demographics continue to elude the grasp of the credit union industry although strides are being made.
Charles Amato and Gary Dudley, the two co-owners of Southwest Business Corporation, a financial services firm with many credit union clients, will add two more NBA championship rings to their collection in January 2008 when the fruits of this year's San Antonio Spurs victory are handed out.
A new savings program from the Filene Research Institute's i3 innovation group aimed at helping members get out of debt and build wealth needs input from the credit union industry.
A handful of credit unions are prepping to pilot a new prepaid card program through Shared Resource Technology Group, a CUSO founded by three Ohio credit unions.
Oregon Governor Ted Kulongoski has signed a bill into law that would enhance the authorities of state chartered credit unions there.
Grappling with interest rate flux while seeking out higher yields, credit unions are looking for the best investment alternatives to manage risk.
No one wants to talk about the losses or how (or why) they have skyrocketed. At a time when real estate, especially subprime real estate investments are deemed too risky for all but the biggest, edgiest players, Cal State 9 Credit Union here is posting some incredible (loss) numbers.
FRAMINGHAM, Mass. -- Consumer fears about identity theft are easing, but that's not necessarily all good news, according to a new report from Financial Insights.
At the Florida CU League 2007 Convention & Exposition Government Affairs Luncheon is Roy Cromer, chairman of Florida CUPAC, Karen Thurman, chairwoman of the Florida Democratic Party and Aletta Shutes, FCUL executive vice president.
The co-sponsorship of the Credit Union Regulatory Improvements Act (H.R. 1537) has grown to 104, including primary sponsor Paul Kanjorski (D-Pa.), in just the first three months.
Sunmark Federal Credit Union and GTM Tech Valley Payroll have partnered to add small business payroll solutions to the financial institution's growing list of member business services.
GLENDALE, Ariz. -- Arizona State Credit Union came under the scrutiny of the highly regarded "Ranking Arizona" business opinion poll hosted annually by Arizona Business Magazine--and the credit union came out standing firmly on top.
The Small Business Administration has tapped United San Antonio Federal Credit Union a 7(a) loan program lender.
MADISON, Wis. -- A high-level delegation of U.S. credit union leaders was slated to wind up a special 12-day trip last week to remote provinces in China as part of a World Council of Credit Unions project on rural co-op development.
NAFCU Chief Economist Tun Wai has forecast increased lending and savings for 2008.
Do not be too hasty in closing certain accounts despite suspicious or potentially criminal activity, the Financial Crimes Enforcement Network asked of financial institutions in recent guidance.
The Office of Thrift Supervision recently announced that it has entered an agreement with the Conference of State Banking Supervisors on a model for sharing consumer complaint information.
The FDIC Board followed up at its last board meeting on talk of helping banks provide a payday loan alternative with formal guidelines.
Colorado's Division of Financial Services recently earned re-accreditation from NASCUS.
The Federal Reserve Board has announced that it is seeking nominations to its Consumer Advisory Council and the national credit union trade associations will make their recommendations heard.
It's no surprise to anyone following corporate credit unions that there are fewer of them every year.
First Carolina Corporate Credit Union is supporting a fund to help construct Martin Luther King Jr. National Memorial in Washington with a $10,000 donation.
UT Federal Credit Union President/CEO Debbie H. Jones has recently been appointed to the Southeast Corporate Supervisory Committee.
Last month, 36 credit union professionals from 14 law enforcement credit unions attended the fourth annual Police Officers' Credit Union Conference, sponsored by Corporate Central Credit Union and Corporate One Federal Credit Union.
Steepening of the yield curve will likely lead natural person credit unions to move some short-term corporate deposits to longer-term agency securities, leading to a decline in corporate credit unions' assets.
In the fifth year of hosting its Annual Charity Golf Tournament, First Carolina Corporate Credit Union, with the support of its member credit unions, has surpassed the $106,000 mark in total funds raised to benefit Victory Junction Gang Camp in Randleman, North Carolina. This year's donation was $19,000.
Think your credit union processes a lot of paper?
Corporate One Federal Credit Union and Mid-Atlantic Corporate Federal Credit Union announced that they will co-host a Financial Management Conference, October 15-17 at Nemacolin Woodlands Resort in Farmington, Pa.
As a risk management professional who advocates Enterprise Wide Risk Management (EWRM), I get a lot of questions about what EWRM is. I have a story I like to tell that really speaks to the meaning of EWRM. It involves a piece of wooded land that I own in a...
I think it's safe to say that some of us are now able to get through a day of credit union business without hearing about the hostile takeover attempt Wings Financial FCU engineered on Continental FCU.
"I would encourage credit unions to think outside the box. Sometimes we get stuck inside paradigms on how to do business."
Suspicious Activity Reports and other Bank Secrecy Act/Anti-Money Laundering filings completed by credit unions and banks are used everyday to fight terrorism and money laundering, an FBI agent told attendees of the MDDCCUA Annual Meeting.
Maryland and Washington, D.C. "likely voters" look most favorably on credit unions for returning their profits to their members and assisting low-income members.
A credit union's mission statement is something that everyone at the organization knows, understands, and can articulate in their words.
As the housing market continues its significant slowdown and the subprime market crashes, credit unions will likely fair better than other lenders but they should also look carefully at the mortgage debt they maybe trying to refinance for their members.
Dr. Kevin Freiberg challenged the credit union industry in a keynote speech here at the Florida Convention & Exposition to do something radically different to bust out of the doldrums of growth.
Florida's Chief Financial Officer, Alex Sink spoke here at the Florida CU League's Government Affairs Luncheon during its 2007 Annual Convention & Exposition, soothing any CU concerns over a former banker overseeing the state's highest financial office.
Rory Rowland ran a credit union once upon a time, but that may have been too boring for him after he managed it from a CAMEL 4 to a CAMEL 2 in about 18 months.
If you really want to know what the economy is going to do keep an eye on sales of wine, beer and cigarettes, advised Mike Schenck, vice president of economics and statistics for CUNA to attendees here at the Florida Credit Union League's 2007 Annual Convention and Exposition.
HarborOne Credit Union, Brockton, Mass., has named Robert Mulligan mortgage originator of the year for 2006.
A trick turned into a treat for Georgia Federal Credit Union's longest term board member Polly Christie Hinde.
Rogue Federal Credit Union recently celebrated 50 years of excellence at the Medford Armory.