DES MOINES, Iowa -- In an effort to assist businesses here still recovering from this year's floods, Iowa Gov. Chet Culver has provided $40 million through the newly created Jumpstart Small Business Assistance program.
RIVERSIDE, Calif. -- Altura Credit Union is breaking its board out of the typical strategic planning meeting mold.
VANCOUVER, Wash. -- Small and medium-sized credit unions, given constraints on asset growth, should keep an open mind to the merger option regardless of the upheaval in financial markets.
GREENSBORO, N.C. -- The industry's safety and soundness message, promoted heavily since the IndyMac collapse, was undergoing refinements this month to push specific products and services as part of the campaign.
EVANSVILLE, Ind. -- For many consumers, a job loss, a slash in healthcare benefits or an emergency that cuts into their usual take-home pay, often means struggling to make loan payments on time.
WASHINGTON -- Fannie Mae and Freddie Mac should be liquidated, the Shadow Financial Regulatory Committee has advised.
GREENSBORO, N.C. -- First Carolina Corporate employees recently completed an original wellness plan that combined fitness with education about the corporate system.
WASHINGTON -- Although most credit unions didn't make the loans that helped trigger the housing crisis, they are trying to get access to some of the federal money being used to solve it.
DALLAS -- Although Texans Credit Union reported that Kevin M. Curley, the former president of Texans Insurance Group who was found to have been wrongfully terminated, is back in the post, he is not.
HOUSTON -- Our Mother of Mercy Federal Credit Union has been a part of Rene Llorens' life for almost as long as she can remember.
WASHINGTON -- The House last week passed a measure that consumer advocates said will give credit card users a better deal, but the credit union trade associations contended will increase the regulatory burden on their members.
BEAUMONT, Texas -- The credit union community had plenty of misery to deal with last week in the cleanup and loss of personal property from Hurricane Ike, which affected nearly 200 CUs in two states.
WASHINGTON -- Direct and indirect mortgage losses are hitting credit unions, but unlike banks, the latest financials report some good news, too.Topping the list of industry accomplishments revealed in Callahan & Associates' second quarter Trendwatch report was an all-time high in loan originations, $134.2 billion as of June 30. Leading...
MADISON, Wis. -- MATC Credit Union has announced plans to merge into UW Credit Union.
PARCHMENT, Mich.--First Community Federal Credit Union has been singled out for a 2008 American Graphic Design Award.
MADISON, Wis. -- Gordon Dames, president/CEO of Mountain American Credit Union in West Jordan, Utah, will be honored by the Credit Union Executives Society as its 2008 CUES outstanding executive.
ALEXANDRIA, Va. -- Rules regarding flexibility in advertising for federally insured credit unions and the use of the Freedom of Information Act to attain information were clarified at last week's NCUA Board meeting.
GLASTONBURY, Conn. -- Open Solutions Inc. has opened a new facility the provider of core processing and other software will use to test existing and new products.
CAMBRIDGE, Mass. -- Spam is a fact of life these days.
LAKE JACKSON, Texas -- Texas Dow Employees Credit Union President/CEO Edward Speed was stunned, but not speechless, by FDIC complaints and a cease and desist order from the Texas Credit Union Commissioner regarding the CUs safe and sound campaign.
AUSTIN, Texas -- The Texas Sunset Advisory Commission last week reiterated its support for state-chartered CUs in its campaign to protect dual chartering and possible consolidation of state and federal agencies.
LOUISVILLE, Ky. -- With the CUNA Strategic Services and Travelex alliance agreement, credit unions can offer members more foreign currency options through two new products.
FORT WAYNE, Ind. -- Fifteen people form a credit union. A year later the credit union has grown to 288 members and assets have reached $281,000. One of the next steps, perhaps in another year, will be offering loans.
As consumers increasingly turn to debit cards for everyday items--such as groceries, dry cleaning, fuel and other nondiscretionary purchases--debit usage has soared. Debit card transactions first surpassed credit in the U.S. in 2006, and the debit business is projected to continue growing at a double-digit pace through 2012. That expected...
CHICAGO -- Cardholders continued to add to their overall card balances in the second quarter, but card delinquencies continued to drop according to one of the nation's big three credit bureaus.
DALLAS -- With at least 25% of its processing credit unions suffering from the impact of Hurricane Ike, TNB Card Services has strengthened its call for credit unions to include card programs in the disaster preparedness plans.
WASHINGTON -- A coalition of minority groups, card issuers and business organizations has issued a proposal to keep the needs of lower income consumers for affordable credit from being swallowed up in consumer protection regulations.
DES MOINES, Iowa -- The Members Group, a card processing CUSO affiliated with the Iowa Credit Union League that offers several lines of prepaid cards, has rolled out a reloadable general purpose prepaid card.
LAS VEGAS -- WesCorp CEO Bob Siravo faced a tough crowd as he tried repeatedly to pump up conference goers regarding the opportunities in today's market. In fact, member feedback from the first two days was so negative, Siravo gave unscheduled opening remarks before economist Dwight Johnston's Wednesday morning presentation...
LAS VEGAS -- How will the new Fannie Mae quasi-agency be structured? Ask the new president, just as soon as he's elected.
The issues confronting them are some of the same issues facing natural person credit unions, so we certainly understand their position. I'm very confident with WesCorp's financials and management. That's key, their management. They've always been supportive of us, and we'll continue to support them.
LAS VEGAS -- WesCorp laid it all out on the table--literally--providing stacks of financials, copies of Webcast slides and viewer Q&A transcripts for those who attended the corporate's Sept. 23 open ALCO meeting, which kicked off the second day of its Credit Union Outlook conference.
LAS VEGAS -- WesCorp top economist Dwight Johnston, known for his dry humor as much as his economic prowess, managed to get some laughs during his 2009 economic forecast despite the stone-faced subject matter.
WASHINGTON -- Six CEOs of large credit unions are advocating that their credit unions would be better served if CUNA and NAFCU merged.
DALLAS -- The $2 billion Texans Credit Union has lost another wrongful termination case for firing some CUSO executives.
Treasury Secretary Henry Paulson must have thought Wall Street was a tough crowd. But then he and Federal Reserve Chairman Ben Bernanke took their act to Capitol Hill, where, apparently, there are no restrictions on hecklers.
One of the best ways for credit unions to get into the good graces of Gen Y may not be through technology but through lending.
ATLANTIC CITY, N.J. -- The New Jersey Credit Union League had a reputation for changing CEOs as often as some change the oil in their vehicles.
ATLANTIC CITY, N.J. -- The New Jersey Credit Union League and the New Jersey Credit Union Foundation have joined forces with REAL Solutions to help low-income members break the debt cycle.
Wauna Federal Credit Union, Clatskanie, Ore., awarded eight $1,000 college scholarships to members who are graduating from school, colleges and universities. The recipients were Mackenzie Carr, Lynnae Huber, Kelsey King, Jonathan Landwher, Charayah Lewis, Dennis Peterson, Jennifer Stephens and Whitney Taylor.
ATLANTIC CITY, N.J. -- Attendees of the New Jersey Credit Union League Annual Meeting last week got a glimpse of the new Freedom Centre eBank Tellagent is offering as a way to serve the underserved and create income for credit unions.
ENDICOTT, N.Y. -- Frank Berrish, president of Visions Federal Credit Union, is impatient with regulatory chores that eat up time and money--but instead of just grumbling, he's willing to work with groups such as the Federal Reserve.
Credit union executives in private settings have begun whispering the "D-word" in discussing the current economic crisis: depression. While the first credit union in the United States was formed in 1908, a president named Franklin Delano Roosevelt felt that creating a federal system of credit unions was a good idea...
ALEXANDRIA, Va. -- The NCUA recently lifted its Letter of Understanding against the Toledo Metro Federal Credit Union, recognizing that it has resolved the disputed issues.
WASHINGTON -- Last week, the Consumer Federation of American and its Hispanic America Saves initiative announced research analysis that showed a disparity in the interest rates on used car loans for Hispanic borrowers and rates received by borrowers from the general population.