IN OTHER NEWS 10/03/07 ISSUE
NuUnion Credit Union is trying to simplify and improve the real estate transaction process for its members.
For some parents, learning their child has been diagnosed with Asperger's Syndrome is sometimes followed by shock and questions on what to do next, but Richard Ledbetter has the experience to make their paths a lot easier to navigate.
When it comes to attracting small business owners with higher net worth, credit unions are more than holding their own when compared to larger banks.
The Product Research Organization for Credit Unions will hold its sixth annual meeting and conference at Harvey's Lake Tahoe Casino and Resort here on Sept. 30-Oct. 2. The CUSO-services related group started out as the CUSO Management Association of California but outgrew the boundaries it set for itself.
The list of industry notables that have donated to the Dr. Martin Luther King Jr. National Memorial Project now includes Fiserv Inc., Schmitt Sussman Enterprise (PFP) and Financial Services COOP Inc.
For Sunmark Federal Credit Union members it is all about defense--at least when it comes to driving.
When a member at a credit union in the South recently came into a $10 million in heritance, he turned to his credit union, overwhelmed and unsure of what to do with the windfall.
After delaying markup of the Consumer Overdraft Protection Fair Practices Act (H.R. 946) by one day last week, the House Financial Services Committee has postponed the markup indefinitely.
Nearly a month out, CUNA, NAFCU, and NASCUS had already said they were applying to make oral comments at NCUA's seventh annual Budget Briefing and Public Forum on Oct. 22.
Several key staff members at NASCUS received promotions last week, NASCUS President/CEO Mary Martha Fortney announced.
Freshman Congressman Hank Johnson (D-Ga.) recently signed on as the latest co-sponsor to the Credit Union Regulatory Improvements Act (H.R. 1537).
Credit Union Central of British Columbia and Credit Union Central of Ontario have decided to postpone their merger amid the uncertainty of the financial market's recent woes.
Alaska USA Federal Credit Union has promoted Glenn Cipriano to president of its subsidiary, Alaska USA Trust Company.
After months of anticipation, the latest significant expansion of nationwide shared branching has come online.
NCUA Vice Chairman Rodney E. Hood recently addressed CUNA's Payment Systems Conference, focusing on the evolving electronic payment systems as it relates to enterprise wide risk management.
With Ohio heading the list of states with the highest foreclosures, the $1.26 billion Wright-Patt Credit Union said last week it is pushing ahead with new referral and counseling programs to assist stressed homeowners.
Another former credit union has notified the U.S. Securities and Exchange Commission that it intends to reorganize itself into a mutual holding company and to issue stock.
When the Securities and Exchange Commission voted on Sept. 21 to approve a rule that would allow banks to continue with certain brokerage activities without having to register with the agency, it looked like credit unions were overlooked.
The bread and butter for some credit union business lending programs are tied to unique offerings such as taxicab medallions, crops and agricultural equipment helping to create a "built-in competitive advantage in making these types of loans and unlocking the wealth contained in certain assets," according to a new report.
Bloggers were still having a field day last week both praising and taking pot shots at Bellco Credit Union's now controversial "Don't Let Your Money Head to Texas" ad campaign aimed at wooing former members of the defunct New Horizons Community Credit Union.
Space Coast Credit Union's business lending program was touted in a Florida newspaper.
Patelco Credit Union President/CEO Andy Hunter said the credit union's decision to convert back to federal deposit insurance is just another business decision made.
The word heard constantly around the American Credit Union Mortgage Association's Fall Conference here was "opportunity," as it pertains to credit unions being able to make hay of the housing downturn to boost its own market share of business.
The $296 million Lafayette Federal Credit Union has announced a new chief executive to replace Michael Hearne, its controversial departed CEO. But some members who opposed the credit union's attempt to change to a community bank charter doubt that the new executive will bring the CU the reconciliation they believe...
With the recent release of the 2006 Home Mortgage Disclosure Act data, credit union trade group economists are applauding the fact that credit unions are approving more mortgages to low-income and minority applicants than other lenders.
With the most of the major provisions still in place, NCUA said that its final rule on member access to accounting books and records incorporates several changes from the proposal in direct response to public comments.
NEWS BRIEFS 10/03/07 ISSUE
Troubled by the negative images caused the industry by the Norlarco/Huron River Area Credit Union failures in Colorado and Michigan, the president/CEO of the $650 million First Entertainment Credit Union here said this week he visited and took photos of the Florida real estate site that figured in the CUs'...
The National Federation of Community Development Credit Union's has grown with the addition of two credit unions of more than $1 billion in assets.
The Pennsylvania State Supreme Court agreed to hear oral arguments Nov. 28 in the field of membership portion of a lawsuit brought by a conglomerate of banking groups against the Pennsylvania Department of Banking.
The most recent survey from Bankrate.com has found that banking fees are at their highest ever and do not seem poised to drop anytime soon.
Regulatory and Compliance 10/03/07 Issue
TECH BYTES 10/03/07 ISSUE
Redstone Federal Credit Union is taking branching to the next level with a facility that helps consumers imagine the possibilities of membership.
FACILITIES 10/03/07 ISSUE
Good truly is the enemy of great. Good community-based financial institutions dot the landscape. Sometimes their position is such because they cannot overcome certain regulatory hurdles. Sometimes it is because they are simply not motivated to be any better than good. Other times it is a lack of good structure,...
There is a war brewing among bankers that may lead more members to credit union doors if they can create more memorable consumer experiences.
During the past several weeks, I have been reading with interest about NAFCU's position concerning private share deposit insurance.
LOOKING BACK 10/03/07 ISSUE
If you haven't read about the spat between Bellco Credit Union and Security Service Federal Credit Union, it presents a very intriguing case of the credit union philosophy vs. "co-opetition".
A Web-based training service acquired in the 2005 Liberty merger has been reworked by Harland Financial Solutions, and is now officially re-launched.
One of the more interesting new product offerings Harland Financial Solutions exhibited at Connections 2007 is for do-it-yourselfers.
The high cost of technology and ever-present security worries are driving the financial services industry's current trend of outsourcing core processing and related services, a panel of industry heavyweights agreed during Harland's Connections conference.
Dr. Peter Navarro gave ACUMA's Fall Leadership Conference attendees a lesson in Do-It-Yourself Economics.
CFE Federal Credit Union is solidifying its reputation as a family friendly employer.
PEOPLE 10/03/07 ISSUE
Retired CUNA Mutual Group President/CEO Robert L. Curry, who spent his life dedicated to service, has died at the age of 84 following a heart attack.