Awards and Scholarships
Area youth will have the opportunity to learn to play golf as well as learn life skills thanks to a new public and private partnership involving Municipal Employees Credit Union of Baltimore Inc. and the City of Baltimore.
Pamela O'Connell has been elected to the board of CU Companies, a CUSO owned by more than 70 Minnesota credit unions.
Card Analysis Solutions is celebrating a significant milestone: Signing up more than 100 credit union clients as of the first quarter of 2008.
On March 4, expert panels met to discuss the best ways to provide financial education to African-American communities.
The numbers have been tallied on credit unions' contributions to the building of the Dr. Martin Luther King, Jr. national memorial.
Ken Walters has been named executive vice president of El Paso Employees Federal Credit Union.
Those credit union folk in north central Montana have a can-do spirit.
Royal Credit Union here has received the Wisconsin Housing and Economic Development Authority's recognition as the number one credit union lender in Wisconsin.
Commercial Alliance recently surpassed the $52 million level of portfolio servicing for its owner and affiliate credit unions.
The Golden 1 Credit Union President/CEO Teresa Halleck wants to reach out to those who have lost their homes in the last 18 months to foreclosure, especially those who have been taken advantage of by lenders.
Members stepping into Army Aviation Center Federal Credit Union new downtown branch often do a double take as they walk through the Bank of Mobile glass doors.
A credit union alternative to traditional payday lending, StretchPay, saved members of 31 credit unions more than $3 million in 2007.
At Jefferson Parish School Board Employees Credit Union, it's all in the name.
The merger between the Rite Aid Employees Credit Union and the Pennsylvania State Employees Credit Union was successfully completed on March 1.
CU*Answers has added eight new classes to the lineup in its 2008 CU*Answers University catalog.
CUNA Brokerage Services, Inc. recently honored 27 financial advisers with its inaugural Women of Distinction award for their superior performance and contribution to the financial services industry in 2007.
The Iowa Credit Union Foundation has received a $10,000 grant from Prairie Meadows Racetrack and Casino through its 2007 Community Betterment Grant Program.
Each year, Credit Union Times enjoys honoring the best in class across the credit union spectrum. Our editorial staff reviews and evaluates each application very carefully before ultimately making the tough decision of who is best suited for the award in each of the categories, including CEO of the Year,...
Joseph Lynyak is the latest lawyer to be hired at Venable LLP, the law firm that is home to two credit union veterans.
What started out as a pilot micro-credit loan program for farmers has blossomed into ISO 9001:2000 certification for Wuyuan County Credit Union, reports China's state-run Xinhua News Agency.
It has become axiomatic that credit unions attempting a charter change to a mutual bank and fail often fall into periods of fighting and controversy.
When it comes to sports promotions, the $1.9 billion Texans Credit Union is involved big time these days, pitching and throwing with an array of professional and amateur teams ranging from the Frisco Baseball Roughriders of the Texas Rangers to the Texas Tornados Junior A Hockey team.
A report from the Aite Group LLC, a noted financial services consulting firm said that 33% of cardholders surveyed would be open to so-called "decoupled" debit cards.
Another credit union has opted to process its card portfolio through TNB Card Services, the card portfolio purchasing and processing arm of credit union-owned Town North Bank.
Open Solutions Inc. has released a new version of its flagship core processing platform.
With the help of design/build firm La Macchia Group, Shoreline Credit Union is redefining the member experience.
Philadelphia Federal Credit Union loves a parade. For the second consecutive year, PFCU has sponsored the City of Philadelphia's St. Patrick's Day Parade.
To make PSECU's investment program a viable, integrated piece of the credit union's lineup that would really appeal to members, a number of shifts on several fronts had to take place.
NCUA's bidding process to find a buyer for the failed $339 million Cal State 9 Credit Union of Concord, Calif. was to start in earnest here last week as three Northern California CUs confirmed their possible interest in acquiring the agency-run CU.
Amidst banker vs. credit union invective, the Wisconsin State Legislature has for the moment turned thumbs down on passing Community Act Investment rules to cover CUs.
NAFCU attended a reception for House Financial Services Committee Chairman Barney Frank (D-Mass.) the night before the credit union regulatory relief hearing held by the committee. Here, Frank smiles for the camera with NAFCU Board Member Mike Lussier, CEO of Webster Federal Credit Union in Massachusetts.
The impact of the U.S. credit union industry on better banking concepts will have a voice on the global stage this year because the World Economic Forum has named NCUA Vice Chairman Rodney Hood as one of its Young Global Leaders of 2008.
Since forming in 1950 as a credit union for the local Catholic parish, Christian Financial Credit Union discovered an unexpected niche with members that own small businesses.
After listening to three hours of closing arguments in the embezzlement case of Carol Aranjo and her husband, Alphonso Smith, jurors are now weighing their verdict.
The Webinar "Key Examination Issues for 2008: Evaluation of 3rd Party Relationships and Strategic Planning" that was facilitated by NCUA Board Member Gigi Hyland on Jan. 29 is now available for viewing.
Terry Colen, a financial adviser at Truliant Federal Credit Union, has been recognized as a President's Council performer by CUNA Brokerage Services Inc.
A full 72% of TNB client credit unions reported that they have been happy with the decision to sell their portfolios to the CUSO.
Juli Anne Callis has been named to the board of directors of the Elder Financial Protection Network.
Embraced in other countries, an innovative account that pools all of a member's accounts including savings, loans, mortgage, checking and credit cards into one account recently moved one step closer to implementation here in the United States.
The long running dispute between retailers on the one side and the card brands with card issuers on the other has finally hit the legislative process.
It's not easy to create a model of consistency that embraces 97 different cultures, but the World Council of Credit Unions' model pieces are considered an international standard.
Many in the lending industry were taken aback when Federal Reserve Chairman Ben Bernanke chided lenders to think about forgiving a portion of outstanding mortgage debt.
When it comes to what's equitable, credit unions unfairly contend with a number of regulations that are either excessive or financially burdensome, Mary Dunn CUNA deputy general counsel and senior vice president of regulatory advocacy, told the Small Business Administration's national regulatory fairness hearing last week.
Digital Defense Inc. said it is now offering a multi-tiered information security risk assessment (ISRA) service portfolio.
Should he become president, Senator John McCain (R-Ariz.) would not seek to tax credit unions, his campaign staff has reassured NAFCU executives. McCain is the presumptive Republican nominee for president.
Credit Union Times has added Managing Editor Donald Shoultz to its staff.
Homes of Hope is ready to do more good in the Greenville, S.C. community thanks to a $15,500 Micro Community Grant from the Carolinas Credit Union Foundation.
BECU has announced Joe Brancucci as its new executive vice president.
GCS Credit Union has officially broken ground on its seventh location in Collinsville.
Empower Federal Credit Union has a new home at that Veterans Administration Medical Center in Syracuse.
America First Credit Union has hosted a grand opening of its 76th branch.
Fiberglas Federal Credit Union has cut the ribbon on its new branch located onsite at the Owens Corning Plant in Newark.
Patelco Credit Union and Mission SF Federal Credit Union (formerly Mission Area Federal Credit Union) have joined forces to open a new shared branch in San Francisco.
SunWest Federal Credit Union is once again branching out in Arrowhead.
When NCUA Board Member Gigi Hyland asked credit unions for feedback to the report from the agency's Outreach Task Force, she told credit union leaders at CUNA Governmental Affairs Conference that she was confident they would provide their opinions.
The Financial Crimes Enforcement Network has issued an administrative ruling that clarifies currency transaction report obligations concerning sole proprietorships and companies "doing business as."
Chris Collver, regulatory and legislative analyst for the California Credit Union League, offered up his opinion on Regulation Z revisions to the state assembly.
William Haraf, Ph.D., has been appointed Commissioner of Financial Institutions for the Business, Transportation and Housing Agency.
The Credit Union Information Security Professionals Association is creating a new group to help credit unions and third-party vendors get together to manage risk and develop best practices.
VSoft Corp. said it now serves more than half of the corporate credit union market with the addition of Corporate America Credit Union to its client list.
FISC Solutions has added capture, correct and balance features to its remote deposit branch capture product, the company said.
Aimbridge Lending Solutions has upgraded its enterprise lending platform with tools aimed at helping credit unions enhance cross selling and lending opportunities across all channels.
Provident Credit Union will soon be running its online banking on a platform from Online Resources Corp.
First Financial Credit Union will be serving its online membership with online banking products from PM Systems Corp.
Bellco Credit Union is now offering mobile banking to its 165,000 members.
iPay Technologies (www.ipaytechnologies.com) has partnered with Enhanced Software Products to offer bill pay services to the core processor's credit union clients.
Luso Federal Credit Union said it is converting to a core processing system from COCC to handle the growth the CU expects to see from a dramatic increase in its field of membership.
My father recently asked me what I do for a living. I help fix leaks, I told him. As usual, he shook his head and walked away.
A Wall Street Journal editorial posed the question: "What do you do when you're a small company in Colorado, a federal regulator is after you, and it's hard to get anyone in Washington to answer your phone calls?"
Wolters Kluwer Financial Services announced the launch of an automated solution designed to replace a lender's paper-based home loan disclosure process called Disclosure Manager.
As a friend and long term colleague of Bob Hamer, the former CEO of Norlarco Credit Union in Fort Collins, Colo., I have closely followed the chronology of events that have taken place since August 2006 when he became CEO there:
I read your commentary (CU Times, Feb. 20, 2008) and agree with your position. Credit unions have traditionally had a difficult time promoting their community work. Perhaps it's because of our philosophy of serving the underserved or our natural inclination to be modest. However, it's my belief that we need...
Although no one has yet challenged my $100 billion figure, my own review of credit union data indicates the number is much lower.
The battle of credit unions against taxes isn't just today's news. Five years ago the rallying of Iowa CUs against a bill to raise taxes made headlines.
A little while back I had an e-mail exchange with the CEO of an approximately $200 million credit union--who shall remain nameless--that troubled me. In part, the executive was saying that it was no longer prudent to branch and I didn't know what I was talking about by promoting it.
East, South, Midwest, West
Baxter Credit Union is mourning the loss of Vice President of Wealth Management John J.R. Ridge, who died at the age of 48.
The Saugus Federal Credit Union 70th annual meeting proved to be a time for celebration.
Oregon Employees Federal Credit Union has elected Kristin Kautz and Jesse Moore to its board of directors. Oregon Employees Federal Credit Union has elected Kristin Kautz and Jesse Moore to its board of directors.
Security Service Federal Credit Union recently announced its 2008-2009 Board of Directors.
When it comes to exceptional board members, a BoardSource Nonprofit Governance Index 2007 finds that commitment to mission is not enough to make a board member truly valuable.
Over 160 members enjoyed food, prizes and information at the United Consumers Credit Union annual membership meeting.