Saying it only received $369.9 million in pledges, the NCUA announced last week that it will not go forward with the program allowing credit unions to prepay some of their assessments on the cost of
PORTLAND, Ore. — When a loan officer was arrested and charged with participating in a business loan kickback scheme that ultimately led to AEA Federal Credit Union’s conservatorship in December 2010, the cooperative’s outcome looked bleak.
TMG Financial Services, the agent issuing card arm of The Members Group, a payments CUSO affiliated with the Iowa Credit Union League, said that 19 credit unions have opted to begin offering business credit cards through an agent issuing relationship with the organization.
NAFCU Senior Vice President Senior Vice President of Marketing and Communications Jay Morris announced he will leave his post this fall after an 11-year tenure at the trade association.
Two ad hoc industry groups, one in Michigan and the other in Tennessee, that have been among the most vocal in lambasting NCUA policies on corporates, salaries and compliance all year, held firm in their critical stands again last week. And they issued new complaints.
A new service from FICO will offer credit card issuing credit unions greater and faster flexibility in their card offering and marketing decisions, the firm said.
In just ten weeks, the Filene Research Institute and the Crash Network have developed an innovative program designed to help credit unions increase the availability of affordable home ownership.
The Durham, N.C.-based credit union was recently featured in the University of Virginia’s Darden School of Business and Tayloe Murphy Center study, “Perdido en la Traduccion: The Opportunity in Financial Services for Latinos,” as a base model of the positive effects of mainstream financial services on the unbanked.
Credit Union 24's board of directors has chosen to remain under the leadership of Mansel Guerry for a fourth term. Guerry has served as chairman of the credit union-owned ATM and POS network since 1998.
No one is infallible and mistakes happen. Some are out of laziness or lack of knowledge. Some people are burning the candle at both ends and unable to think clearly. Some are just plain accidents. The jerk that just cut you off on the freeway may have a blind spot....
PORTLAND, Ore. — When the business lending slump was at its peak a few years ago, entrepreneurs who were working with Redwood Credit Union and Orange County’s Credit Union were likely immune to the collapse.
PORTLAND, Ore. — During a recent afternoon session on working with government agency loan programs, as two speakers acknowledged that there can be a corn maze of forms, deadlines and updates, someone in the back of the room felt compelled to interrupt.
Sharon Custer may ditch her watch. Rob Givens wants to explore Civil War sites. Mike Phipps would like more fellow CEOs to share retirement information.
Computer Marketing Corp. said it is adding integrated share draft processing to the ACH capabilities of its FLEX core processing platform.
Vertifi Software LLC said it has now processed more than $1 billion in remote deposits since Eastern Corporate Federal Credit Union’s technology arm was launched in 2009.
Two credit unions that had previously sold their portfolios to agent issuers are replacing national bank issuer contracts as they expire, they said.
Fiserv Inc. said the $4.3 billion Randolph-Brooks Federal Credit Union in Live Oak, Texas, has committed to the Wisconsin-based company’s new Acumen account processing solution.
A new solution to allow mobile administrators to securely view email attachments has been deployed at the $783 million TruWest Credit Union in Tempe, Ariz.
Eleven credit unions have signed up for contact center service from PSCU Financial Services and its customized member service work has grown by 11% so far this year, the St. Petersburg, Fla., CUSO said.
Buried 175 feet under Branson, Mo., is “the Mountain,” the nickname of a disaster recovery hot site that Symitar is now offering as a host to its 700 client credit unions.
An email encryption service from Zix Corp. will be deployed by Mid-Atlantic Corporate Federal Credit Union.
Trade association executives utilize ongoing, galvanizing issues to keep their constituencies riled up, to keep money rolling in, to insure attendance at conferences and to get credit union volunteers to hike their hills. Our fears ensure their job security. All trade associations do this, not just ours.
In the 15 years or so prior to his retirement, former NCUA Chairman and Patelco Credit Union President/CEO Ed Callahan probably told me at least 100 times that if one or more credit unions can work together to bring better delivery channels, services or prices to their members then they...
As many credit unions across the country have begun to reevaluate their PIN debit networks in light of the Durbin amendment, it appears the largest card brand is also rethinking its debit pricing.
A new report on social media includes listings of laws and some practical advice when it comes to dealing with the new communications channels.
The World Council of Credit Unions gained a member and lost a leader at its annual conference in Glasgow, Scotland.
A new logo has now joined the new name for the league representing the Dakotas’ credit unions.
Student loan vendor Credit Union Student Choice said its services are now in use at 200 credit unions.
The 99,000 members of the $1.1 billion MECU of Baltimore were paid a total of $2 million by their credit union at the end of June, the 30th straight year for such cash bonuses.
The $5 billion America First Credit Union of Ogden, Utah is mourning the loss of its former chairman, Richard Miller, and two of its former directors.
With the NCUA turning up the heat on monitoring how CUSOs are conducting their operations, another area could be ripe for more scrutiny.
As Jack Antonini approaches the one-year mark since taking the helm at the National Association of Credit Union Services Organizations, the former bank CEO marveled at the number of collaborations CUSOs frequently engage in.
While credit union membership in London has grown more than 90% since 2005, there are concerns that reaching more low- and moderate-income residents who really need affordable financial services has been inadequate.
It may be no surprise that the number of credit unions that have investments in CUSOs have grown over the last five years.