DES MOINES, Iowa -- Victims of last month's floods were still pouring in last week as the Iowa Credit Union Foundation, the major industry agency processing claims, reported national contributions of $410,000.
SPRINGFIELD, Ohio -- Literally taking a page of Greek mythology, the Education Credit Union has changed its name to Athena Credit Union.
HARRISBURG, Pa. -- The $3.1 billion Pennsylvania State Employees Credit Union has won a chance to argue its case that it deserves to be repaid for losses it suffered during a major card breach.
Ottawa, Ill. -- For Jack Teausant, CEO of Financial Plus Credit Union, credit unions are a family business.
DES MOINES, Iowa -- More credit unions should have access to payroll cards now that TMG has decided to roll out its payroll card product industrywide.
HOUSTON -- People's Trust Federal Credit Union has said no more change.
WASHINGTON -- The NCUSIF has $7.6 billion in assets and a strong equity ratio, but has taken steps to ensure funds are available to help the increased number of credit unions having financial trouble, NCUA Chief Financial Officer Mary Ann Woodson told the board Thursday.
SILVER SPRING, Md. -- During the first half of 2008, more than 10,000 consumers completed the National Foundation for Credit Counseling's Mortgage Reality Check at www.HousingHelpNow.org. The site asks participants a series of questions, and advises them regarding their foreclosure risk.
DULUTH, Ga. -- To help members stay afloat amid the tidal wave of high gas prices, rising food costs and other recession-like signs, some of Georgia's credit unions are offering relief.
HONOLULU -- The $31 million Aloha Airlines Federal Credit Union has seen new membership opportunities after bankrupt Aloha Airlines sold off several of its divisions.
SAN DIMAS, Calif. -- Television weathermen have long used the "green screen" to display the graphics they use to illustrate their on-air forecasts.
MADISON, Wis. -- Credit unions have put up an impressive membership growth rate early in the year, but that could settle back down as credit unions reprice their deposit products.
MADISON, Wis. -- The search for a credit union CEO replacement begins at home, so to speak, for small credit unions.
ARLINGTON, Va. -- Despite Visa Inc.'s announcement that it will cap card interchange on gasoline purchases, some gasoline retailers around the country have begun rewarding consumers for abandoning their cards at the pump.
MADISON, Wis. -- Ben Rogers is giving credit union execs a lot to think about.
WASHINGTON --More than a trickle, less than an onslaught.
WASHINGTON -- Hours after President Bush dropped his veto threat, the House on Wednesday passed a measure to help homeowners hurt by the subprime crisis and make funds available to shore up Fannie Mae and Freddie Mac, if necessary.
ST. LOUIS -- When it comes to Gen X and Gen Y, just being their primary financial institution is not the automatic "score" it once was.
ATLANTA -- Georgia credit unions have moved cautiously regarding residential common bond charters even though a 2005 state law change gave them the flexibility to do so.
WASHINGTON -- Credit union community charter conversion approvals could be in flux as a result of last week's federal court ruling against the NCUA.
CRANSTON, R.I. -- The $310 million Coastway Credit Union has announced that it is considering changing its charter to a state-chartered mutual bank.
WASHINGTON -- Hotpads.com may be the nation's largest rental listing, but it's also gaining a reputation as a hot new source of first-time homebuyer information.
RICHARDSON, Texas -- Texans Credit Union said it is now in a place to start pulling its commercial lending program out of its slump.
DALLAS -- An arbitrator has determined that Kevin M. Curley was fired from his post as president of Texans Insurance Group without reasonable or justifiable cause and ruled that the former executive is entitled to his job back.
SHERMAN OAKS, Calif. -- Kinecta Federal Credit Union made an equity purchase in CU Vehicles LLC, the holding company for Autoland Inc.
SAN MATEO, Calif. -- U.S. First Credit Union has tapped San Francisco-based Gumas Advertising as its agency of record.
WASHINGTON -- Consumers should be allowed to opt-out of a credit union's overdraft protection program, but proposed rules requiring extensive notification of this right would be burdensome, CUNA and NAFCU told the Federal Reserve System.
LINDEN, N.J. -- Integrated Media Management has released a new version of its flagship document preparation solution.
PLANO, Texas -- Three major factors--interest rates, housing economics and seasoning--are expected to slow prepayments in the short term, a white paper published by Southwest Corporate concluded.
First developed in the 1970s, mortgage-backed securities were created by pooling together groups of whole mortgage loans with similar characteristics to form one security. Corporates have invested in MBSs almost since their inception. Why? Because until a few years ago, MBS structures were relatively simple and risk-free. They largely consisted...
You are about to wire closing funds to the table, into the hands of a lawyer or settlement company employee you have never met before, but no worries because you have a closing protection letter right? Wrong.
It's big, it's hot, and it's all the rage--and chances are, you don't offer it. What is it? The FHA loan. According to a 2007 study by the Government Accounting Office, 10% of home purchases in 2008 will be Federal Housing Administration loans, a number that will rise by 50%...
The credit union community prides itself on giving members and most members of Congress warm and fuzzy feelings. It is more of a community than most industries with credit unions sharing best practices and how-tos. Being part of a cooperative movement yet competing in a tight marketplace puts credit unions...
I read with interest your article on Filene's report about credit card holders' ability to repay. (CU Times, July 16, page 8.)
ARLINGTON, Va. -- NAFCU released a Macro Data Flash report on vehicle sales that showed that total vehicle sales in June 2008 decreased to the lowest level since 1993.
Langley Federal Credit Union, Newport News, Va., presented four members with the Galaxy Graduate $5,000 College Scholarship award. The four recipients were Alex Chen, Sydney Giblin, Benno Lee and Angela Zhang. Chen attended York High School and has been accepted to Stanford University where he will major in mathematics and...
ALBANY, N.Y. -- The credit union industry is mourning the loss of former Empower Federal Credit Union Co-President/CEO J. Raymond Curtin, who died suddenly on July 21, 2008.
Because of an editing error, the headline on an article in the July 16 issue about Texans Credit Union's business lending program (page 1) did not take into account a late comment from the CU and may have unintentionally implied that it was under a regulatory order. As stated in...