Credit union consultant, blogger and Capitol Hill veteran Marvin Umholtz said the nation’s growing political divide is apparent among credit union leaders and fuels comments he receives from his readers and colleagues.
When comparing Nevada credit unions’ key financial indicators against other states as of June 30, the results aren’t good. Nevada’s 0.40% return on average assets, 2.5% loan delinquency and negative 11% loan growth are among the worst performance numbers in the country. However, compared with two years ago, those numbers...
Nearly three months after the NCUA was appointed the liquidating agent for Telesis Community Credit Union, the agency has been working behind the scenes to divest the cooperative’s roughly $4 million stake in Autoland Inc., an auto buying CUSO.
Fifteen members of Technology Credit Union rallied Aug. 15 outside the credit union’s San Jose, Calif., headquarters to show their opposition to the credit union’s proposal to change to a mutual bank charter.
Small screens are coming to a branch near you. That is a top line trend where, suddenly, digital, Internet-connected flat screens are transforming the in-branch experience and, said some credit union experts, it’s just in time.
Credit unions that participate in CO-OP Financial Services network will soon have access to more than two million point of sale terminals nationwide after the payments CUSO announced a deal with transaction processor First Data.
In a change of heart, Maryland’s $388 million Educational Systems Federal Credit Union is putting to rest the idea of a merger conversion fee to help defray expenses in its takeover of the once-ailing $401 million Montgomery County Teachers FCU of Derwood, Md.
Just one of the provisions in the Consumer Financial Protection Bureau’s proposed rules on mortgage servicers released Aug. 10 could cost credit unions tens of thousands of dollars, representatives of the industry told the bureau.
Twenty-four credit unions or credit union organizations received grant assistance from the U.S. Treasury Department’s Community Development Financial Institutions Fund in the latest round of funding.
Next to a home, a college education can be the most expensive purchase one makes in a lifetime. And like many people who took out mortgage loans before the Great Recession, a growing number of borrowers are struggling to pay off student loans that were originated by private lenders in...
Governance questions may not get more visceral – who makes the biggest decisions at a credit union? The question is easy to ask, but for some, it can be bafflingly hard to answer.
While working at a 24-hour news radio station in Washington State, Jill Chase decided to take on a new challenge: Start up a new marketing department at a small credit union.
The theme of the news this week has been underdogs winning their battles by scrapping it out for what’s right. From credit unions to regulators, these unexpected victors deserve to bask in their spoils of the moment.
Because credit union boards are members too, they know how they’re treated as members and what they expect from their financial institution. But at the same time, they need to be more savvy than the average member about what’s happening at the credit union.
Late summer is a time of transition. Families are wrapping up vacations. Kids are getting ready to go back to school and college. Football practice squads are putting on their gear and hitting the gridiron.
In light of the financial challenges faced by credit unions over the past few years and specifically the increasing interest rate risk that comes with many credit unions borrowing short to lend long, the NCUA has refocused its attention on asset-liability management functions.
Online collection and real-time fraud monitoring have been added by Bradford-Scott Data Corp. to the services it offers credit unions running the Sharetec System core processing solution.
Three more credit unions are now running on the Symitar Episys core processing platform through Member Driven Technologies’ data centers in Warren and Southfield, Mich.
Automated anti-fraud and money laundering tools are now in place at the $625 million Michigan First Credit Union in Lathrup Village, Mich.
CU*Answers said it has finished converting the $43 million, 5,800-member Greensboro Municipal Federal Credit Union to its CU*BASE core processing system.
Eight more credit unions and the $115 billion Regions Bank in Birmingham, Ala., have signed on as users of the Geezeo personal financial management and Web-based marketing solution, the company said.
Remote deposit capture is now being offered to the 109,000 members of the $1.4 billion Anheuser‐Busch Employees’ Credit Union and American Eagle Credit Union in St. Louis.
Symitar said it will be converting the $886 million Andrews Federal Credit Union in Suitland, Md., to its core processing platform.
The $49 billion Navy Federal Credit Union is now offering its 4 million members upgraded iPhone and Android mobile banking apps.
The 273,000 members of the $3.7 billion Patelco Credit Union in Pleasanton, Calif., can now deposit checks with their iPhones or Android devices.
Creating and sharing, for sale, its in-house development work has earned the $3.4 billion Redstone Federal Credit Union the 2012 Model Bank Award from research consultancy Celent.
The 51,900 members of the $747 million Texas Trust Credit Union in Mansfield, Texas, are now being offered mobile banking.
Vertifi Software LLC, a CUSO of Eastern Corporate Federal Credit Union of Burlington, Mass., said it has added four more credit unions as users of its mobile remote deposit capture service.
Personal financial management specialist MoneyDesktop has bought a fellow Provo, Utah, company, mobile PFM specialist MoneyReef, the companies said.
Share One said the $71 million Northern Communities Credit Union of Duluth, Minn., plans to convert to its NewSolutions core processing system in October.
Banker opposition to NCUA’s LICU program is ludicrous. Why do I call it ludicrous? Because their opposition would have to step up several notches on the reasonableness scale to even come close to their normal anti-credit union position of hypocritical.
The banks don’t like us using the word “banking,” and quite frankly, neither do we. We’ve got a large talent pool out there. Why can’t we come up with a better description than banking for what our members do when they come visit us?
Unstable home values, job insecurity and volatile stock market fears may be more of a concern for some members than what the rates are at their credit unions.
Technology and e-business consultants Samaha Associates attended the recent Credit Union for Kids Wine Auction held in Dana Point, Calif. The Chino Hills-based firm said it has long supported this worthy cause and this year decided to something extra special.
Unitus Community Credit Union of Portland, Ore., celebrated 75 years of service this summer. To mark the occasion, Unitus recently held several celebratory events with free food and prizes at each of its eight branches, including a complimentary community concert at Unitus Plaza in downtown Portland. Unitus staff also initiated...
The entry deadline for the 13th annual Excellence in Lending Awards, which recognizes outstanding lending results and practices by credit unions, is Sept. 7.
Rod Staatz, president/CEO of State Employees Credit Union of Maryland, has been elected chair of the executive committee of the Maryland and District of Columbia Credit Union Association.
Renee DeMarco has been named president/CEO of Community Driven Credit Union of Ypsilanti, Mich.