Three former employees of the $13.8 million Lynrocten Federal Credit Union have been accused of loan participation fraud in a $1.7 million civil lawsuit.
ATM manufacturer NCR furthered its efforts to become a broader financial services technology company Dec. 3, when it announced it had purchased Digital Insight, a leading provider of online and mobile banking software.
The Filene Research Institute hopes a new set of products will improve the way credit unions and banks help low-income consumers manage their finances.
More than five years after New London Security Federal Credit Union was liquidated, yet another delay could stall payments that some members claim are still due to them.
First Data's move to cut more than 500 jobs from its Denver location drew attention to the company and its relationship to the firm Kohlberg Kravis Roberts.
When Dave Larson was named the interim president/CEO of Affinity Plus Federal Credit Union shortly after Kyle Markland suddenly resigned on Aug. 28, he could not have predicted what the reaction would be.
For the first time, NCUA will make money available to low-income credit unions applying for Community Development Financial Institution status from Treasury's CDFI Fund. The approval process can be lengthy.
Hans Iverson, senior vice president/director of lending at Plymouth, Minn.-based TruStone Financial Federal Credit Union, has never been one to shy away from a challenge.
For many credit unions, deciding which charities to give to takes time and much planning.
Linda Sweet, president and CEO of the $56 million Big Valley Federal Credit Union in Sacramento, Calif., told Congress Dec. 3 the declining number of credit unions in the U.S. is partly due to the mounting compliance burden coming from the federal government.
CLEVELAND—Former Taupa Lithuanian Credit Union teller Michael Ruksenas pleaded guilty Dec. 2 in U.S. District Court to conspiring to embezzle more than $481,000 from the failed credit union.
More than 90 employees of the $931 million Island Federal Credit Union of Hauppauge, N.Y., participated in the 6th Annual Run for the Warriors in Lindenhurst, N.Y., on Nov. 10. The event, which the credit union also sponsored, included a 10K, 5K and one-mile walk/run. Island raised more than $40,000...
I've been in the credit union industry for my entire career. In fact, I've been writing about credit unions even before I had a career, as my first credit union gig was a college internship.
On the front page of the April 6, 2011 edition of Credit Union Times was an article entitled “Historic Development Stains CU's Balance Sheet.” My name is Ben Heyward and I was president /CEO of First Financial Credit Union in Albuquerque, N.M., at the time of publication. I was the...
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United Teletech Financial Federal Credit Union has traditionally placed great emphasis on the role of supporting community good works as another way to extend our brand of “Helping People Prosper.”
With the recent mortgage refinance boom disappearing and home purchases continuing to flounder, even though rates remain relatively low consumers are being very careful with the home buying decisions—which makes this purchase an increasingly valuable commodity for the credit union.
Recommendations, referrals, word of mouth marketing, social referrals; read any marketing publication and you are likely to find these phrases in abundance.
Rose Bartolomucci, president/CEO of the $114 million Towpath Credit Union in Akron, Ohio, urged Congress Dec. 4 to pass several pieces of legislation that CUNA has argued would ease regulatory burden on credit unions.
Total loans outstanding at federally insured credit unions grew 6.8% in the year ending Sept. 30, 2013, according to a recent analysis by the NCUA.
Credit union industry health declined during the third quarter of 2013, according to the latest Glatt Consulting Credit Union Industry HealthScore report, released Dec. 4.
The $7.6 billion Security Service Federal Credit Union in San Antonio announced Dec. 4 that longtime CEO David Reynolds will retire on March 24, 2014.
Student loan providerLendKey, based in New York City, said Dec. 4 it surpassed $500 million in loan volume on its cloud-based technology platform.
A group of 26 U.S. senators wrote a letter to CFPB Director Richard Cordray urging him to delay new mortgage rules set to take effect in January 2014.
For its Small Business Administration lending efforts, Langley Federal Credit Union said it was recently named the top credit union in loan production for its district.
The $1 billion Hanscom Federal Credit Union, located on Hanscom Air Force Base in Massachusetts, named Mike Rzeszutek as its new sales manager for the retail team. In this newly created leadership position, Rzeszutek is responsible for evaluating, designing and developing sales and service training programs. His role is to...