The timing of criticism toward a regulatory proposal to limit loan participations to a certain percentage of a credit union’s net worth with the takeover of a California cooperative heavily steeped in the transactions may have created an ironic overlap.
Former WesCorp Chief Financial Officer Todd Lane and his legal team have asked U.S. District Judge George Wu’s Los Angeles federal court to drop WestCorp's case against him, pay his legal fees and award him damages, according to legal documents filed Apr. 4. Lane also demanded a jury trial.
Faced with uncertainty over whether H.R. 3461 will pass and positive signs from the NCUA that it will consider improving exam procedures and streamline regulations, CUNA has asked the regulator to implement some provisions of the Financial Institutions Examination Fairness and Reform Act now.
In a $100 million lawsuit from Space Coast Credit Union against several Wall Street banks and credit rating agencies, a federal judge has ordered the parties to get together at a nonbinding mediation session.
Somewhat counterintuitively, CU card industry experts say that two conflicting trends in the economy make 2012 a good year for a credit union that had foregone credit card issuing in the past to get back into the business.
What better way to get a gauge on how deft members are with their financial planning and investment goals than to test the employees at their credit unions.
In an effort to make social media interactions with members more meaningful, the Boulder, Colo.-based Elevations Credit Union has challenged the community to step up for a worthy cause.
"We can create mobile banking apps for credit unions that truly are better than what the big banks are issuing. That’s our promise,” said Robb Gaynor co-founder and chief product officer at Malauzai, an Austin, Tex.-based developer of mobile tools for community-based financial institutions.
Whether a mid-sized credit union in Colorado or a billion dollar credit union in Philadelphia, the messaging about protecting small town financial services surfaced again last week.
It’s National Financial Literacy Month, and credit unions across the county have big plans to help young consumers up their money management IQ.
The numbers dazzle. There are 850,000 enrollees in online banking and in any given month, there are around 400,000 unique member visitors. That is why, for Pentagon Federal, the $15 billion Alexandria, Va.-based credit union, its newly revamped online banking site is a big deal.
A growing number of state leagues have been busy creating more opportunities for young credit union professionals to shine.
GTE Federal Credit Union, a $1.5 billion, Tampa, Fla.-based credit union, likes to keep things simple in its quest to grow loan activity, assets and net worth ratio, said Vice President of Member Consumer Lending Tina Narron.
Nearly a year after Michigan CU Capital launched a statewide lending brand that would connect small businesses to credit unions, the effort has added another level to increase its exposure.
The credit union industry is in full-court press over a possible vote in the Senate to expand member business lending. Congress’ spring break could have allowed credit unions a lobbying breather had it not been for Senate Majority Leader Harry Reid’s promise for a vote on the member business lending...
Fiserv Inc. said the $4.9 billion Suncoast Schools Federal Credit Union in Tampa, Fla., plans to convert to its Acumen account processing solution.
The $879 million Northrop Grumman Federal Credit Union in Gardena, Calif., has joined the list of credit unions who’ve signed up recently to convert to the Acumen account processing platform from Fiserv Inc., the company and credit union said.
Address scrubbing software expected to reduce returns and help data quality has been acquired by the $723 million Firstmark Credit Union in San Antonio.
More than 70 financial institutions have signed on as new users of the uOpen online account opening and funding solution since Harland Financial Solutions acquired uMonitor in December 2010, the company said.
Corelation Inc. said the $398 million PrimeWay Federal Credit Union in Houston plans to convert to the San Diego startup’s KeyStone core processing platform.
The 180 or so credit unions using DigitalMailer for communication services are now being offered the social media management system from SocialVolt.
The CUNA Technology Council awarded FI-MOBILE of Round Rock, Texas, its Best of Show honors during the recent Governmental Affairs Conference in Washington, D.C.
Last month I spoke at the CUES Executive Summit in Colorado Springs. This conference was attended by some of the most dedicated and intelligent directors and senior leaders we have met in the credit union world. I’d like to share with you some of the valuable content delivered, as well...
A March 27 article on CUTimes.com (“Citing HAR-CO Conversion, Maryland Bankers Assail Credit Union Mergers”) suggests that conversion is an option to merger and nontaxed credit unions should stop taking advantage of their status and follow the HAR-CO model.
On May 1, 2010, Augusta Metro Federal Credit Union opened an indirect lending department and loan growth has been soaring ever since.
Add Citizens Community Credit Union CEO Paul L. Becker to the growing list of leaders who have retired.
In honor of Robert W. Hoefer's retirement as Dupaco Community Credit Union president and CEO earlier this year, the Dupaco board of directors announced the formation of the Dupaco R.W. Hoefer Foundation.
Ohio HealthCare Federal Credit Union’s revamped website now doubles as a full-service online branch called WebCU.
Credit unions interested in starting a Hispanic outreach program need to start asking the right questions.
Add spokes hero to Chase Headley’s resume. The former University of Tennessee Volunteer and current professional baseball player with the San Diego Padres has been tapped as UT Federal Credit Union’s Smokey Savers Club spokes hero.
Playgrounds at children’s hospitals in North Carolina and Florida will be renovated in coming weeks by CUNA and a partner in honor of the Democratic and Republican national conventions this summer.
In honor of the Girl Scouts 100th anniversary, the Girl Scouts of Suffolk County has teamed up with Suffolk Federal Credit Union to launch the Girl Scout Free Checking account with a commemorative debit card. The checks and the debit card are emblazoned with the official logo of the centennial...
The Minnesota Credit Union Network has announced a partnership with PolicyAid to offer an online library of sample policies to help ensure compliance with current rules and regulations.
Timothy Maudsley has been named the new president of Alaska USA Insurance Brokers.
Lourdes Cortez has shown that there’s more to Girl Scouts than just selling cookies.
Events around the nationwide credit union community.