Industry economists agree that if the U.S. plunges off the fiscal cliff Dec. 31, credit unions probably won’t see any ill effects right away. However, even if a so-called grand bargain is reached between Democrats and Republicans, credit unions could see the loan growth momentum gained this year grind to...
In just a very few years, credit unions have become persuaded that they need to play in the technology arena. And a related reality is the spreading belief that “technology may allow smaller institutions to very successfully compete against much larger ones,” said Tony Rasmussen, a senior vice president at...
As 2012 comes to an end, many credit unions marked another momentous year when it came to growing their member rosters.
Banner Federal Credit Union hopes the addition of new card technology will help draw more members and nonmembers to its 11 ATMs.
The NCUA’s proposed rules on emergency liquidity, CUSOs and loan participations aren’t likely to be finalized until late 2013, if at all next year, said Deputy Director of Examination and Insurance Tim Segerson.
While it might have been a surprise to most in the member business lending world when word came that the seven-year-old Northeast CUSO would be shutting down, the timing actually could not have come at a better time.
With a retail investment portfolio of $135 million in assets under management, Alliant Credit Union said it is poised to grow even more.
When it began operations and went online last week, the first and maybe only federal credit union in the nation with a part-time competitive rodeo rider as a manager opened its doors.
In the early 1970s, a large group of women across the country who were tired of the double-standards of lending practices and discriminatory financial laws decided to take matter into their own hands.
Being approved for a car loan or a mortgage is always great news, but a loan for a xylophone or a movie camera is almost unheard of. Or is it?
If you think it’s tough trying to pare down your holiday gift list, consider the task faced by credit unions scanning a long roster of deserving causes and deciding who to support.
Sometimes things you didn’t think would affect you sneak up on you by surprise, whether out of nowhere or ignorance or you’re merely preoccupied with other things.
Throughout history, credit unions have attracted the most members and achieved the most member loyalty when economic times have been toughest.
For more than a generation, plastic cards have been the de facto on-ramp to the payments highway. With the widespread adoption of smartphones and other mobile devices, how will the use of plastic cards change?
Teresa Halleck, president\CEO of San Diego County Credit Union has been re-elected chairman of the board of the California Credit Union League.
The $2.2 billion Bellco Credit Union in Greenwood Village, Colo., is the new naming rights sponsor of the Colorado Convention Center’s 5,000-seat concert theater in Denver, replacing Wells Fargo.
Wayne Tew, president\CEO of Clark County Union in Las Vegas, was elected chairman of the Nevada Credit Union League.
November got a little hairy at Service 1st Federal Credit Union in Danville, Pa. In order to raise awareness of prostate and testicular cancer, Service 1st introduced “No Shave November,” a program to get employees involved in raising awareness and money for the Prostate Cancer Foundation.
The member of Safeway Los Angeles Federal Credit Union have voted to approve a merger with Xceed Financial Credit Union. Supported by both credit unions’ boards of directors and management, and recently approved by the, the merger will take effect on Dec. 31.
First Catholic Federal Credit Union and Michigan Catholic Credit Union recently gained regulatory approval to merge. The merged credit unions will assume the new name of Alliance Catholic Credit Union.