When Paula Kingra and her husband opened a Mobil gas station a few years ago in upstate New York, both had the time as well as the blood, sweat and tears to manage their new business.
The NCUA wants Congress to create a stabilization fund financed by a larger line of credit from the Treasury Department so credit unions can spread out over seven years premiums for the cost of placing U.S.
A.M. Best, a full-service credit rating organization for the financial service industries, gave CUNA Mutual Group a financial strength rating of A (excellent).
Just how much of an impact levying a share insurance fund premium to shore up the corporate credit union network will have on the delivery of products and services to members remains to be seen.
Sometimes even the best circumstances bring challenges.
For the first time in years, surcharge-free ATM access will contract.
Instead of being nickel and dimed by the banks, the folks at Lan-Con Electric Inc. get a little something back every month from the northeast Indiana credit union where they now do their commercial banking.
The $7 billion The Golden 1 Credit Union has purchased a $500 million private placement, short-term revenue anticipation note issued by the State of California.
With the adoption of new regulations, a $1.6 billion Grand Rapids, Mich., credit union could soon buy an ailing bank.
What can you expect if you'd like to move up to a new job or need to hire some people this year?
The process of handling whistleblower complaints and enforcement tips is undergoing some changes, the Securities and Exchange Commission said.
Robert Manning, keynote speaker at the NCUA's recent Risk Mitigation Summit, said he's been working with the agency to create an opinion letter on his responsible debt relief algorithm so credit unions can implement it.
The $69 million Hope Community Credit Union and its principal sponsor, the Enterprise Corp. of the Delta, celebrated the launching of a branch on Mississippi's Gulf Coast, an area still recovering from damage from previous severe hurricanes.
According to a Charles Schwab survey of more than 1,200 independent financial advisers, early signs of economic recovery could come by early fall.
Power Financial Credit Union wants to help make over a small business with help from office product retailer Staples.
WASHINGTON -- CUNA President Dan Mica told lawmakers last week that placing credit unions under the same regulator as banks would be like "having a chicken being put into the fox lair."
The U.S. Central-Wescorp crisis that consumed credit union management last week turned into almost a nonevent in the public forum.
Stand up, speak out and embrace the truth is the advice public relations experts have regarding how credit unions should handle being the latest to be swept away by the financial crisis wave.
Callahan and Associates' President Chip Filson and Executive Vice President Jay Johnson broadcast the shot heard around the credit union world March 24 when they publicly challenged the NCUA's
Just at the point where a significant number of community development credit unions have an opportunity to apply for more federal funds,
Industry executives reacted last week with a combination of utter dismay, resignation, confusion plus a wary determination to get through the US Central-Wescorp crisis, while girding for the next surprise event from the NCUA.
Armed with 70 auditors and bureaucrats, the NCUA placed both the $34 billion U.S. Central Federal Corporate Credit Union and the $23 billion Western Federal Corporate Credit Union into conservatorship March 20,
Credit unions in Washington, D.C., and Maryland can take advantage of FoolProof as a way to educate their members and others in their community about personal finance issues.
Known for its trusting nature, the credit union industry may be hurting itself when it comes to working with the lead lender in loan participation arrangements.
In the year 2001, I began working at my first credit union as a young college student trying to leverage himself in the business world as a marketer.
Since this issue is dated April Fool's Day, I wish it was a joke, but it's not a joke. Credit unions are taking bailout money.
Across the country, CUSOs with ties to U.S. Central Federal Credit Union and WesCorp are following one of the NCUA's goals as it takes over the struggling corporates: maintain a "business as usual" posture.
A March 4 CU Times opinion article refers to the additional value accorded credit unions by participating in an ATM/POS
The stabilization of corporate credit unions, mortgage cram-downs and the Community Reinvestment act all are critical issues facing credit unions and CEOs as we ply our way through this challenging economy.
The NCUA's recent approval of payroll services as a permitted service will help credit unions be even more competitive in the small business market
The day after the NCUA explained its actions to conserve U.S. Central and WesCorp, Callahan and Associates held a Webinar that was highly critical of NCUA's actions
Teachers Federal Credit Union, Farmingville, N.Y., announced that Christopher B. Wegla has been named assistant vice president-risk management.
If credit unions ever need a Washington ally ready to stand behind their ongoing efforts to ease business lending restraints, that go-to person would arguably be Rep. Nydia M. Vel?zquez (D-N.Y.).
WASHINGTON -- Visa USA executives have announced plans to build upon security standards.
Facebook: the place where today's youth go to connect with friends and the place where smart businesses go to advertise.
Robbins Federal Credit Union, Warner Robins, Ga., members and employees raised $21,350 for the Credit Union Legislative Action