How much can Hillary Clinton help or hurt Democrats in the 2008 election year? Will a Republican presidential candidate emerge to solidify the traditional socially conservative Republicans? Pundits attempted to answer these questions and more during a Power Breakfast hosted by National Journal and CUNA.
Financial Plus Federal Credit Union recently kicked off its commercial lending program with a commercial mortgage to finance the expansion of a local small business.
Executives with CO-OP Financial Services, the parent CUSO of the nationwide CO-OP Network, are making themselves available in a formal way through a speaker's bureau to speak to credit union meetings and groups.
The House Financial Services Committee reported out a bill that aims to prevent future mortgage-related abuses but has the potential to ensnare credit unions with additional regulatory burdens.
During a panel of government officials and others testifying before the House Financial Services Committee Nov. 2, Treasury Under Secretary for Domestic Finance Robert K. Steel explained the administration's efforts to help stem the rising tide of foreclosures.
Who needs Tom Cruise when you have Travis Credit Union CEO Patsy Van Ouwerkerk?
After years of serial buying, Fiserv Inc. is selling.
With the financial help of NCUA and the Pennsylvania Credit Union Association, six small credit unions are operating a joint Web site and collaborating in marketing and other areas to protect what they said is their future and further the CU cause.
Seasoned credit union lobbyist Debbie Kwon-Moore will take over as the California/Nevada Credit Union Leagues' director of federal government affairs Nov. 19.
The losses at Huron River Area Credit Union may have already sunk the CU and the footsteps of a purchase and assumption may not be far behind. HRACU may well go the way of Norlarco Credit Union in Fort Collins, Colo., which the NCUA put up for sale to the...
Two years ago management of the $600 million Kitsap Community Credit Union was both stunned and puzzled by members rejecting a long-sought bid to convert to a state charter so the CU could expand in several neighboring counties.
The bankers' three-year-old community chartering case involving Freedom Credit Union and TruMark Financial CU before the Pennsylvania Supreme Court is getting delayed again until next March.
Transmission Builders Federal Credit Union has turned to lending center services and consulting provider Lending Solutions Inc. to help fill its loan-by-phone, Internet lending and indirect underwriting service needs.
How did they do it?
LifeHelp Chairman/CEO Henry Cuenca says credit unions still aren't recognizing the knock of opportunity life insurance presents.
Does it seem as though the campaign cycle starts earlier and earlier, with coverage of potential candidates and televised debates occurring well in advance of actual elections?
The death rattle at Cal State 9 Credit Union here finally shook the California Department of Financial Institutions (DFI) into action by forcing the insolvent CU into conservatorship and handing it over to the NCUA on Friday, Nov. 2. NCUA officials promptly dismissed CEO James Wong and the board of...
NCUA, CUNA and NAFCU responded to the call from four senators for their top regulatory relief priorities in considering an overall financial services bill.
On Nov. 1, NCUA issued a legal opinion stating that federal credit unions can hold onto their Visa stock after the conversion of Visa USA to a subsidiary of Visa Inc.
The financial services market is so over saturated, institutions in some areas are faced with three choices: fail, merge or adapt.
Regulatory and Compliance for 11/14/07 Issue
Lynne Truschel used a bit of shoe leather and some high-tech help from her friends as her credit union launched its part in the effort to wean folks off payday lenders in Sarasota.
If you're annoyed by a constant stream of people chatting on their cell phones as you walk down the street or try to enjoy a quiet meal in a restaurant, you may want to see those phones as a business opportunity.
Aimbridge Lending Solutions is now offering credit unions what it calls its Loan Generation Services, a process for capturing pre-approvals at the branch, over the phone or on the Web and making them accessible to members and dealers over the Internet.
Almost like election season, IT managers find they have to decide every few years when to change operating systems to the next version of Windows.
A Web-delivered free upgrade to its core processing system has sharply reduced the work involved with meeting stringent new Department of Homeland Security reporting requirements, COCC says.
The organization that developed and updated the so-called card data security standards for the credit and debit card industries will now have a credit union voice--PSCU Financial Services. PSCU is the payment processing CUSO with over 500 credit union owners who use the First Data Corp. card platform.
Clients of Open Solutions Inc. can now offer their members and customers the fingerprint authentication services of US Biometrics Corp., the companies say.
Special Report Briefs for the 11/14/07 Issue
Citizens Equity First Credit Union plans to use a set of imaging solutions from Atlanta-based VSoft Corp.
Data Processing and Technology Statistics for 11/14/07 Issue
Compensating credit union board members--It's an idea whose time has come! This is another example of a much-needed modernization to ensure credit unions remain viable financial institutions. Paul Gentile was absolutely right when he said in his August 8, 2007 column, "It's all about the members, not the volunteers."
Over the past year we have lead sessions with CEOs and chairmen concerning mergers and growth. This caused me to read the article titled "Merger Clarity", by Myriam DiGiovanni in the November 7, 2007 edition, with great interest. The article presented credit union board leaders' ideas and solutions concerning how...
For credit unions looking for ways to increase loan volume, used car sales are an excellent vehicle. And the more credit union employees understand new car depreciation and how to help members maximize the value of used cars, the easier it will be to drive up loan volume.
There were some interesting news items this past week that deserve comment: