AWARDS Diamond Credit Union, Pottstown, Pa., was recognized by the United Way for their fifth consecutive year of 100% employee participation and a 44% donation increase from last year. Diamond was visited by two representatives from the United Way, Alba Martinez, president/CEO of SE PA, and Wendy David, executive director...
In February, CUNA Mutual Group completed the transitioning of credit unions from its old sales and distribution model to a new model. The transformation is part of CUNA Mutual President and CEO Jeff Post's four-pronged approach to improve the company's efficiency and responsiveness to credit unions and their members.
The governor's desk is the next stop for the field of membership compromise bill hammered out over more than six months between banks and credit unions.
The $730 million Oregon Community Credit Union has rolled out a checking account that refunds members' ATM fees as long as the member meets some qualifying criteria.
Sidney Parfait is determined not to let his members get caught with their pants down next time a big storm blows through.
Postilion will now be offering its clients the electronic presentment and payment services of Metavante Corp.
Nearly 10 years ago, Baxter Credit Union's investment program had its limits, offering members very few products like annuities and certain types of mutual funds.
IT professionals who specialize in project management, security and architecture are primary targets for recruiting this year, while training priorities will focus on change, service and vendor management. That's from a recent survey of 281 IT decision-makers at major organizations conducted by Forrester Research.
Harland Financial Solutions is now offering a data-analysis service targeted at helping credit unions and other financial institutions acquire, organically grow and retain deposit dollars.
NCUA Chairman JoAnn Johnson, in recognition of April as Financial Literacy Month, visited Woodbridge Senior High School in Woodbridge, Va., to stress the importance of financial education and present the President's Volunteer Service Award to volunteers at the student-run credit union.
America's Credit Unions is at it again. In another of its series of advertisements running in Capitol Hill-focused publications, CUNA and NAFCU have joined forces to run more ads demonstrating the hypocrisy of the bankers. The latest ads running this month are "putting out some of the record profits that...
Because even important internal e-mail can become spam to the jaded eye, a dashboard on the computer screen is providing a new way to share key data--such as how the bonus is coming along--at Arizona Central Credit Union.
CU Business Capital, LLC recently partnered with several credit unions and hired more staff.
Defense Under Secretary for Personnel and Readiness David Chu will keynote NAFCU's Defense Credit Union Summit in conjunction with its 40th Annual Conference in Honolulu this summer.
The Association of Vermont Credit Unions is the latest to adopt a resolution that supports providing protections for credit unions as "hostile" takeover targets.
The self-service e-commerce offerings of Postilion will soon be offered to credit unions and community banks on a consolidated Microsoft technology platform.
NCUA will continue providing a regulatory framework that gives credit unions the flexibility to help small businesses, NCUA Vice Chairman Rodney Hood recently said.
Family First Federal Credit Union has helped build the confidence of some area residents.
Technology Groups Federal Credit Union and Mutual Security Credit Union have announced that they have agreed to merge.
Desert Schools Federal Credit Union has hit the $1 billion mark for total first mortgages serviced and it shows no sign of slowing down. According to Desert Schools FCU Senior Vice President Robin O'Rorke, the credit union is servicing over 7,000 loans.
Expanded fields of membership for many credit unions may have helped the industry bring in an estimated 317,000 new members through February.
More than 80 industry leaders turned out for CU Business Group, LLC's first annual national business services conference held March 12-14 at the Hotel Valley Ho in Scottsdale, Ariz.
With a powerful send-off from Mississippi Credit Union Association President Charles Elliott, 42 credit union leaders recently graduated from the six-day Credit Union Development Education Training sponsored by the National Credit Union Foundation.
Add the $450 million Capital Communications Federal Credit Union and $80 million Excelsior Credit Union to the growing list of credit unions with plans to merge.
Hyland Software Inc. has released a new version of its OnBase enterprise content management solution that focuses on content-driven business processes. OnBase 6.4 includes improved integration between OnBase functions through familiar Web-based and desktop tools such as Microsoft Office programs, including advanced repository services for Sharepoint Server 2007.
American Eagle Federal Credit Union is the latest member of the growing billion-dollar credit union club.
"Bob: the Credit Union Guy" is finding some new friends in Montana this month with the Utah-based co-op branding campaign appearing on TV stations across the state as part of a debut ad blitz courtesy of the Montana Credit Union Network.
Performance-based compensation consulting firm KG & Associates has teamed with credit union national search firm HRx to expand product offerings to help meet client needs.
In Oklahoma Marvin Cottom and the $571 million Weokie Credit Union are inextricably linked: they've been together 37 years.
Cabrillo Credit Union and San Diego Metropolitan Credit Union celebrated their recent branch partnership by hosting a Membership Appreciation Week. The festivities culminated with a cash giveaway. The first five members at each branch to complete transactions at 11 a.m. on Friday were given $10 cash. Designed to show member...
Ten more lawmakers joined the ranks of co-sponsors to the Credit Union Regulatory Improvements Act (H.R. 1537) recently, which aims in part to boost credit union service in underserved areas.
The online risk monitoring and management technology of Cyveillance will now be offered to customers through TrustedID's new StolenID Search service, the companies say.
Credit union CIOs who make their buying decisions based on surfing the Web are not alone. That's the avenue of choice for a large number of their peers across industry verticals, according to a new report from Forrester Research. The survey also found that colleagues were another major source for...
A benefits roundtable at CUNA's HR/TD Council Summit revealed a unique benefits program in place at Colorado State Employees Credit Union. In an effort to control benefit costs, CSECU is facilitating a program that shares the ownership of cost control with employees.
Software as a service is helping Continental Federal Credit Union cut IT costs and keep its far-flung staff working together.
State Employees' Credit Union recently donated $100,000 to the African-American Credit Union Coalition to help build the Martin Luther King Jr. National Memorial in Washington, D.C.
MacDill Federal Credit Union and the regional office of Raytheon, one of the nation's leading defense contractors, have teamed up to take active duty military personnel stationed at MacDill Air Force Base out to the ballgame.
Core values as well as core processing are driving the transformation of EPL Inc., executives of the credit union-owned technology provider say.
Some of the ongoing controversy on the board of the $1 billion Polish and Slavic Credit Union will head to the credit union's members in May when they will participate in a board election that will pit current board members against former board members.
CDC Federal Credit Union has announced its new initiative to help more people obtain the American Dream of owning their own home called the CDC Homebuyer Grant Program.
On his way to address the Defense Credit Union Council in Italy, NCUA Vice Chairman Rodney Hood stopped over in England to meet with British credit union and government officials to compare best practices.
Online Resources Corp. is rolling out an expedited payments service that allows credit unions and other financial services providers to offer consumers online bill payments that are posted by billers on the same day they're paid.
Security concerns for credit unions have evolved to include what's going out as much as what's coming in, and at Altura Credit Union, a little electronic appliance is making sure that doesn't include account numbers or other compromising information.
The $2 billion Texans Credit Union is the first financial institution in the nation to partner with PAYjr, an affiliate of MetaBank, to offer its members the Payjr Prepaid MasterCard. The Prepaid MasterCard allows parents to help teach their teenagers and children money management skills through a prepaid card that...
If standing room only in a breakout session is any indication, human resources professionals attending CUNA's HR/TD Council Summit were very concerned about labor law. Nearly half of all 200 attendees crowded into a mini-workshop to hear Palo Alto, Calif. based attorney Mary LaVigne-Butler discuss current labor law issues. The...
Four banks, two small business finance corporations and a surety bond company received Small Business Administration honors last week for their small business lending performance and commitment to assisting small businesses with their financing needs.
Independent Group Credit Union and Air Academy Federal Credit Union have merged.
PSCU Digs In
CUPERTINO, Calif. - Financial services remain a top target for attackers, although the prime choice still is home computers, according to Symantec, a global provider of online security solutions. Phishing forays and domain name bot attacks, in which unprotected computers become "zombies" for sending spam, number in the millions each...
The Federal Reserve Board announced that it would be publishing in the Federal Register a request for comment on proposed amendments to clarify the requirements or certain consumer disclosures in electronic form.
BITS, the business strategy and technology group for the Financial Services Roundtable, is urging its members to adopt what it calls three key e-mail security protocols within the next 18 months.
All credit union employees have a responsibility to understand and promote the credit union difference, and human resources professionals should frequently promote the seven principles of credit unions to their employees.
The Freedom First Federal Credit Union/Virginia Tech Memorial Fund will receive donations from CUNA and CUNA Mutual Group.
Consumers use the Web for information about checking accounts and other product information, but still tend to rely on the brick-and-mortar branch. Forrester Research says its findings for a recent report show the need to use the Web as an educator, making sure the online site provides rate and fee...
There were plenty of "happy tears" and high five's at last week's annual convention of the Ohio Credit Union League marking the success of the 19-day Children's Miracle Network "march-a-thon."
CUNA encouraged the standard setting entity to reconsider many of the provisions in its proposal on Network Enforcement Rules.
The New Jersey Credit Union League's CEO position hasn't been very stable. The league announced last week that CEO Bob Walls is no longer employed at the league. Walls was named CEO in July of 2005. He was formerly CEO of the Delaware Credit Union League. A league spokesman said...
There's no magic formula when it comes to meeting members' needs, but finding ways to bring value to their financial lives has helped CoVantage Credit Union to consistently rank high in the "return to member" category. Measuring the value that members receive from their credit unions is tied to lending,...
Unwavering in its campaign to court members of a credit union that had rebuffed its merger proposal offer four different times, Wings Financial Federal Credit Union finally threw in the towel after NCUA stepped in ruling that one of the financial institution's tactics was out of regulatory bounds. After six...
By DAVID MORRISON Credit Union Times Staff Reporter
Pre-funding future benefit costs isn't as complex as it may seem; in fact, a credit union's balance sheet assets wouldn't even change, said John Moreno, director of Client Services and Marketing for CUNA's Members Capital Advisors. Moreno presented a breakout session regarding the new budgeting tool during CUNA's HR/TD Council...
NCUA Chairman JoAnn Johnson demonstrates the www.mymoney.gov Web site for a Woodbridge Senior High School business student in Virginia in recognition of April as Financial Literacy Month.
If enough Lafayette members vote for them, there may be two opponents of credit union-to-bank charter conversions on the board of the $319 million Lafayette Federal Credit Union.
NCUA Board Member Gigi Hyland was among the keynote speakers at the Ohio Credit Union League's recent annual meeting.
Two more credit unions have chosen TNB Card Services as their card processor. TNB Card Services is the card processing and acquiring arm of credit union-owned Town North Bank.
Mike Stevens has been named the new CEO of MidWest Financial Credit Union.
Victims of the Virginia Tech shooting have received a $10,000 donation from the National Credit Union Foundation. The Foundation made the donation to the fund established by the $190 million Freedom First Federal Credit Union for some of the victims of the shooting at Virginia Tech. Virginia Tech students, staff...
D. Hilton Associates' Marketing and Advertising group walked away from the CUNA Diamond Awards with eight awards. The team garnered two Diamond Awards in the categories of direct mail series and point-of- sale, and Merit Awards in the annual report, member brochure, Web site, point-of-sale display, direct mail single, and...
The CUES creative team has been honored with three 2007 American Inhouse Design Awards by the editors of Graphic Design USA magazine.
M/A-COM Federal Credit Union is showing members how change can add up to savings.
Credit union marketing agency Andermahr & Company, has expanded its services to include Spanish language translation services and targeted cross-cultural marketing services for the commercial and financial industry. "It has been a long time coming," said Andermahr CEO Anthony Mannor. "We have been carefully researching and developing the tools necessary...
Michigan First Credit Union's Evergreen Branch recently doubled as an art gallery for Helen McIntyre Elementary School fourth graders. The idea for the student's exhibition, titled "Jazz, Showing its Roots: Tribute to Ed Bradley and Jacob Lawrence", was spearheaded by Delores A. Flagg, Art Teacher/Coordinator at McIntyre Elementary School.
The Financial Accounting Standards Board is looking at a Jan. 1, 2009 as the compliance date for its new business combination rule expected to be finalized in the third quarter of this year.
NASCUS provided participants in the Connecticut Unrelated Business Income Tax Conference April 18 with an update on the activities of the UBIT Steering Committee. The seminar was put together as an educational opportunity to help credit unions understand implications of the IRS's five Technical Advice Memoranda (TAMs) recently released. The...
NCUA said in a recent legal opinion letter that it has no legal objection to federal credit unions offering rewards checking accounts.
The Department of Housing and Urban Development has issued final disclosures for mortgage lenders to provide active duty homeowners in default.
The Office of Thrift Supervision recently announced that it is restructuring its regional map to establish a new Central Region as part of its restructuring.
Odds are good that this issue of Credit Union Times contains news of one or more data security breaches, a system outage, fraud ring, or merchant data compromise. Never before have technical disruptions been so visible. Never have members had such little tolerance for "glitches". Fraud and data security concerns...
Credit Union Times Editor Paul Gentile was too harsh in his criticism of Michigan credit unions and uncharacteristically kind toward banks in his April 18 column. Referring to the Michigan League's brand campaign, he disagreed with the MCUL Board's decision to run radio ads in the wake of Michigan's largest...
Leadership, the ultimate intangible. Good leadership can transform a mediocre organization into a market leader. Bad leadership can quickly wreck a successful organization's momentum and reputation.
"You can count on something like this happen- ing again."
On April 22, Congresswoman Juanita Millender-McDonald (D-Calif.) died of cancer at her home.