The unsettling headlines pile up. In Grand Rapids, Mich., a former assistant branch manager at Case Credit Union pleaded guilty to embezzling $236,000 over a span of nearly two years.
Blame it on the survey and those who responded to it. That’s CUNA’s explanation of why its original estimate that credit unions had a net increase of 650,000 members in October was off by about 400,000.
With just a few weeks left in 2011, it may not be a shocking development that the commercial real estate sector will end the year in a state of stagnation.
With the hopes of wooing more businesses, State Employees Federal Credit Union President/CEO Michael Castellana recently made a pitch before state officials to bring $40 million in grants and tax credits to the Albany, N.Y., region.
The Internal Revenue Service recently announced that it plans to issue proposed regulations to clarify how 457 Plans are used.
If John Worth worked at the United Nations, he might be helping delegates understand a language that is quite different from their native tongues.
Despite an earlier indication from the NCUA that the regulator hoped to reach a decision about how best to dispose of the assets of conserved corporate Western Bridge in November, that month came and went with no announcements.
The Occupy protest movement may be under pressure from police on its encampments, but a Occupy group in San Francisco insisted it is serious about starting its own credit union to serve the underbanked.
The $125 million First Jersey Credit Union of Wayne, N.J., has broken a regulatory barrier on FOM expansion for state charters.
A credit union mobile app for the new Kindle Fire electronic tablet will be released soon by CU Mobile Apps, a startup provider of mobile apps for Android and iPhone devices.
The Consumer Financial Protection Bureau plans to test a shorter, more concise, credit card agreement with members of Pentagon FCU.
As a retiring population’s wealth management goals shift from accumulation to decumulation, the wealth management industry is struggling to catch up, according to a new Aite Group report.
The travails of small credit unions trying to adjust to new product technology, management succession or the real estate hangover were evident again last week with a spate of mergers in both Nevada and Wisconsin.
Now garnering heightened industry attention, the $1.3 billion United Federal Credit Union of St. Joseph, Mich. moved a step closer last week to charting what it called trail blazing territory by winning NCUA approval to buy an ailing Indiana savings bank.
Credit unions now have a new way to support consumer financial efforts in their own state and nationally.
A couple nights ago I talked to my husband on my personal cell phone about what we were planning for dinner while responding to a work email on my other phone. Do I really need to reply to marketing tonight while discussing hot dogs and carrot sticks? Then I rationalize,...
Hit hard by the recession, Tampa, Fla.-based GTE Federal Credit Union is fighting back. Joe Brancucci, who took over as president/CEO of GTE in 2010, said that the company was not prepared to deal with the recession. He mentioned that there was a shortage of talent in the organization, there had...
Fiserv Inc. said in a new report that mobile bill pay usage is growing, with more than 6 million Americans using smartphones to pay bills in the past year.
With Bank Transfer Day as a backdrop, credit unions in western South Dakota managed to gain some high level attention recently by becoming prime participants in the “Bank on Rapid City” venture that is designed to warn against predatory payday lending.
After 23 years, Fred Johnson, president and CEO of the Credit Union Executives Society will retire effective Dec. 31, 2012.
TransUnion, one of the three nationwide credit reporting bureaus, has forecast that the U.S. economy will stop adding many more mortgages to the delinquency pool in 2012 and will instead begin to work through the existing housing stock.
Balance Transfer Day is facing complaints from supporters after one of the site's founders was linked to websites that make money from consumers opening new credit card accounts.
Since 2009, auto finance companies have increased their lending by more than 47%.
A bill to ban credit-based insurance scoring in underwriting private passenger automobile insurance was signed into law in Massachusetts.
The Credit Union Executives Society announced that it has added five new schools in 2012 to help credit unions improve profitability and keep their institutions strong.
mFoundry and MasterCard are preparing to offer cardholders the ability to use their smartphones for contactless payments.
Keesler Federal Credit Union now offers a special savings program to their youngest members. The Money Mammals Club is a youth member program that focuses on the relevant financial literacy issues. The club encourages kids to open credit union accounts that will start them on the right track toward a...
MoneyDesktop said it has signed four more credit unions as users of its online personal financial management platform.
Mortgage, auto and consumer loans were up at Bethpage Federal Credit Union in October.
A new, free credit score service that resides behind the online banking logon has been launched by the $342 million NorthCountry FCU of South Burlington, Vt., and the $877 million A+ FCU in Austin, Texas.
Finance Center Federal Credit Union has won NCUA approval for a community charter expansion it said doubles its field of membership to nearly 1.8 million in and around Indianapolis.
As we go deep into the fourth quarter of this year, I’d like to reflect upon lessons learned as well as thoughts for the new year and beyond.
Six years ago, employees at Diamond Credit Union rallied around two of their colleagues who were fighting personal battles with cancer.
From New York to countries around the world, United Nations Federal Credit Union is steeped in a global pursuit to carry out its ongoing mission of charitable giving.
When economic times are tough, credit union leadership are likely to look for areas to cut expenses and often, charitable giving can be on the chopping block. In my experience, however, the difficult economy presents an opportunity for credit unions to step up and truly exemplify the credit union philosophy...
It should come as no surprise that financial education is critical and sorely-needed.
Since 2004, State Employees Credit Union members have been showing North Carolina residents the power of a dollar.
"I often say sleep is for sissies, fuel up on coffee, roll up your sleeves and get working,” said Lisa Brown, president/CEO of Tallahassee-Leon Federal Credit Union. “I’m a huge proponent of lifelong learning. The moment you think you know everything and stop listening is the minute you set yourself...
Being president/CEO of a credit union may not have been Theresa Mann’s lifelong dream in college, but today she couldn’t imagine not being a part of the credit union industry.
While everything may be bigger in Texas, Lynda Milton has an appreciation for the small.
Tarrah Palomino-Prim, assistant vice president of web services at SAFE Credit Union, believes there’s no such thing as an idea too crazy for consideration.
When it comes to challenges, having a hard time saying no has made all the difference in Kerry Parker’s life.