Credit unions can enlist their members in the payments revolution. A new service from Fiserv, called SpotPay, along with similar services such as Square are expanding the universe of payments that can be settled on credit or debit cards.
Credit union trade associations shrugged off a 2014 budget amendment passed by the Senate March 22 that would “establish a deficit-neutral reserve fund to address the disproportionate regulatory burdens on community banks,” according to a release from sponsor Sen. John Boozman (R-Ark.).
The $32 million Commodore Perry Federal Credit Union told Credit Union Times March 26 that it has withdrawn its exam appeal to the NCUA Board.
It didn’t take long to hear the buzz when the Consumer Financial Protection Bureau reminded indirect lenders that they must comply with certain regulations to ensure that they are not discriminating against minorities when marking up interest rates.
While it’s been a little over a year since Telesis Community Credit Union went under conservatorship, credit unions may find there are still more lessons to learn from the cooperative’s collapse.
Bank Transfer Day, the November 2011 consumer driven effort to move money from large banks to credit unions or community banks, inspired the three finalists for this year’s CO-OP Financial Services THINK prize.
Skeptics who saw the seeds of an eventual bank charter in the advent of American Express and Walmart had a change of heart and last week and announced that the jointly sponsored Bluebird prepaid card will carry FDIC deposit.
The $1.2 billion Numerica Credit Union in Spokane, Wash., is now using an automated software program to help jump into commercial and industrial lending, an area of untapped potential for many credit unions, the credit union said.
Staring down shrinking margins and the confusing moniker “credit union,” some have gotten creative with their fields of membership. This is not a particularly new phenomenon but one that has garnered attention from an L.A. blogger who was just looking for a credit union to join. She’s had a great...
Wonder what drives Brandon Michaels’ desire to lead meaningful change? Look no further than his family. “I try to always do the right thing even if it’s not that popular,” said the president/CEO of Kansas City, Mo.-based $490 million Mazuma Credit Union.
Recently, there has been conversation about a petition put forth by an individual seeking to secure a seat on the NCUA Board. The campaign to secure a position is based on the premise that a candidate for the office should be required to take a litmus test to confirm that...
As I reflect on how proud I am of our industry, I am particularly impressed by how credit unions serve their members on the micro level but also partner and collaborate both locally and nationally to help each other and our communities. We come together in so many positive...
A legitimate and common complaint regarding the Dodd-Frank Act is that it not only did not resolve too big to fail wherein the taxpayer is on the hook for the missteps of the nation’s largest banks.
Northwest Community Credit Union of Springfield, Ore., has announced the completion of its merger with Coos Educators Federal Credit Union in Coos Bay, Ore. The credit union’s lone office on Fourth Street in Coos Bay began operating as Northwest Community Credit Union on March 16.
University of Nebraska Federal Credit Union announced that Keith Kauffeld has been named the credit union’s new president/CEO, effective April 29.
Palmetto Cooperative Services LLC last week announced that Brad Miller will serve as the CUSO’s new president/CEO, effective April 8. He succeeds longtime CEO Ed Culpepper who retired late last year.
The Temporary Corporate Credit Union Stabilization Fund has received a clean audit opinion for 2012, the NCUA announced last week.
According to a new survey from TransUnion, credit union executives believe auto loans will be their biggest opportunity to grow their loan portfolios this year.
The importance of remote banking was not widely understood or accepted in 2008. In just five years, however, the way members interact with their financial institutions has changed as evolving technology has ushered in a new era for financial services.
Just when many credit unions are catching up with member demands for mobile phone banking, yet another strong trend is emerging among consumers: tablet banking.
No longer is it a case of should a credit union be active on social media outlets such as Facebook and Twitter. Now, it has shifted to just how active and on exactly which channels.