Forget the debate over whether or not a credit union should keep offering free checking accounts, there are signs credit unions may eventually have to decide whether or not to charge their members fees for holding deposits.
While credit unions don’t have as many issues on Capitol Hill as they did last year, when lawmakers return from recess after Labor Day, there will be enough subjects that will keep industry officials and lobbyists actively prowling the halls of the Capitol.
For months it has been the sand states getting all the merger attention. But last week’s consolidation move by the $2.6 billion Visions FCU, Endicott, N.Y., to take over the long-ailing $330 million Paragon FCU in New Jersey shifted the merger focus to the Mid-Atlantic.
The distressed $712 million Silver State Schools Credit Union of Las Vegas confirmed again what analysts had expected: a first-half $2.8 million loss. But its new management continued again last week to claim progress is being made toward recovery.
After more than 20 years of meeting members’ investment needs, Bethpage Federal Credit Union was ready for a program upgrade.
Southeast Corporate told CU Times that it didn't reach its $80 million capitalization goal. The corporate will seek a merger partner.
For some credit unions, finding ways to create alternative capital can be a daunting and ongoing strategic maneuver.
In a little over a year since HarborOne Credit Union opened its university-like learning center, Maureen Wilkinson has discovered the unexpected.
Listen hard and it as though you can hear the rush of credit unions to adopt mobile banking. It is coming that fast.
This fall, get ready for a zombie invasion. If James Robert Lay, grower of relationships at branding-marketing firm PTP New Media has his way, zombies will be found at credit unions across the country.
The National Credit Union Foundation has identified the winners of two of the three winners of Herb Wegner Awards for 2012.
Even during the darkest days of the recession, Terri Salstrom, president/CEO of the $137 million Industrial Credit Union, always had big dreams for her cooperative.
Steve Jobs has been on a medical leave of absence from Apple since early this year. As I’m writing this, he just announced that he was no longer able to carry out his duties as CEO of Apple. It is sad news when anyone has to give up their passion...
As members continue to keep their focus on paying down debt, the industry’s savings rate has emerged and remained in a hale and hearty state.
CMG Mortgage Insurance Co. said that a recent action by Arizona’s Department of Insurance placing PMI Mortgage Insurance Co. under supervision will not impact the firm’s new business originations or servicing of existing policies.
The credit union serving the now-closed hospital with the trauma center nearest to Ground Zero is shutting down.
At the end it was touch-and-go, but at last New Jersey Gov. Chris Christie has signed the municipal deposit bill empowering credit unions to start accepting government funds.
Innovation is my passion and has been during my two decades of work in the credit union industry. In reviewing the NCUA’s proposed CUSO regulation, I am more than a little concerned about the impact that it will have on the ability to foster innovation in our industry.
Forty years ago, credit unions created something that actually turned out to be a miracle: the corporate credit union system.
Following two years of modest but positive economic growth, the past few weeks have been unsettling. The U.S. government came unnervingly close to a self-induced default. Real sovereign debt crises at a number of European countries threaten another banking crisis in Europe.
The pace of small business growth has been unprecedented over the past few years. Small businesses employ nearly half of the U.S. private payroll, accounting for nearly two-thirds of job growth since 1993.
People’s Trust Federal Credit Union is mourning the death of Patricia Longoria Garcia, executive vice president and Signal Hill Financial CEO, who lost her lengthy battle with cancer.
The 182,000 members of GTE Federal Credit Union in Tampa, Fla., can now use smartphones to send and receive payments and deposit checks.
Growing sales and new products have prompted Akcelerant Software LLC to reorganize its management structure and announce plans to fill 13 new positions by the end of the year.
Launched earlier this summer, a new mobile app for credit unions is now being offered by the newly formed Member Service Solutions LLC of Franklin, Tenn.
The 103,000 members of the $1.1 billion Pen Air Federal Credit Union in Pensacola, Fla., will now be offered an online personal financial management solution from Geezeo of Tolland, Conn.
EPL Inc. said it has converted the $51 million Community Credit Union of Southern Humboldt in Garberville, Calif., to the Birmingham, Ala., company’s i-POWER core processing platform.
An Android app is the latest electronic banking offering from Navy Federal Credit Union.
The 110,000 members of AmeriCU Credit Union can now plan to manage their finances online with the Geezeo personal financial management solution, the company and credit union said.
Two more credit unions have signed on for electronic check collection and shared draft services from Synergent, according to the wholly owned subsidiary of the Maine Credit Union League.
Prospective new members of Freedom Credit Union can now join the community credit union online.
The $2.9 billion Mountain America Credit Union in West Jordan, Utah, is the first credit union to offer its members a new online payment alternative involving NACHA, eWise and Jwaala.