The NCUA’s proposed rule that would allow it to declare state-chartered federally insured credit unions in “troubled condition” is the latest move by the federal regulator that has some state- chartered credit unions and their regulators crying foul.
The question does not get any blunter. When cyber-criminals empty a bank or share draft account, who is left holding the losses?
The key financial indicators of Kentucky credit unions are positive, yet conservative. And that’s just how they like it in the Bluegrass State.
By the end of next year, BancVue CEO Gabe Krajicek wants the word Kasasa to be on the lips of every American who has or wants a deposit account.
A radical culture change in the workplace and a shift in how collection efforts are carried out have helped two credit unions in the Midwest grow their loan portfolios well above the industry’s national average.
Already noted for using novel arguments in favor of moving from a credit union to bank charter, the 69,000- member $1.6 billion Technology Credit Union has also introduced a new approach into the question of how member communications in converting credit union should be handled.
In 2010, there were an estimated 3,400 credit unions engaged in multi-featured open-end lending.
Using the NCUA’s midpoint estimates of remaining corporate stabilization costs, CUNA Chief Economist Bill Hampel estimates it would take four more years of assessments similar to the 2012 rate of 9.5 basis points to pay off corporate losses.
Vermont’s regulator, now at the center of a bank-credit union scrap over the use of “bank” and “banking” in credit union advertising, last week set Aug. 22 as the date for a preliminary conference hearing on a proposed cease and desist order against the $600 million Vermont State Employees Credit...
Pop quiz: Which statement is true? Mobile banking is becoming more secure. When it comes to mobile security, the crooks are gaining.
If anyone would know what makes digital documents secure on the Web, it would be agents of the Central Intelligence Agency.
Jim Park, founder of one of the nation’s two national credit union-owned ATM and point of sale networks, will step down from his position as president/CEO of Credit Union 24 at the end 2012. Mansel Guerry, former CEO of the 5,200-member $30 million Brightview Credit Union in Ridgeland, Miss., will...
Sprint, the wireless product and services giant, is looking to become a force in another arena. The Overland Park, Kan.-based company recently launched Integrated Insurance Solutions, a set of integrated, end-to-end usage-based insurance services designed specifically for the auto insurance industry.
We at Credit Union Times love what we do. Like credit union professionals, we surely don’t do it for the money. We love covering the news–good and bad–of the credit union community. We believe in a free press and an educated public.
NASHVILLE, Tenn. — Two educational breakout sessions at NAFCU’s annual conference provided ideas to produce fee income that also increase membership value.
The mobile phone is unrecognizable in comparison to its original brick form of the 80s. Instead of a yuppie status symbol, now, it’s considered by many as a necessity with practically every handbag and pocket hiding these modern miracles of technology.
The need for succession planning in credit unions isn’t a secret. There is a very real need to groom future industry leaders as many CEOs prepare to retire.
Credit unions have a wealth of insightful information trapped inside their core and technology platforms. This has always been the case, but until recently, comprehensive views of the data were not readily available. Today, decision makers have access to tools that analyze data from disparate sources and provide summaries across...
Christmas may be five months away, but that doesn’t stop me from making a wish list. While many credit unions lack the resources to implement what some may consider Gen Y member luxuries, we can still dream, right? Here are my top five products and services that in a perfect...
Regarding the Editor’s Column [“Step Up and Put the Fear of CUs into Bankers” July 4 issue]. I wholeheartedly applaud Sarah Snell Cooke’s efforts to ignite a new passion for credit unions on the issue of member business lending.