Regulatory overreach, an unnecessary limit on credit unions' choices and possibly illegal. Those are among the critiques of the NCUA's proposed rule on corporate credit unions.
A few credit unions have begun to detail the impact of the Federal Reserve's proposed cap on debit card interchange, telling the agency that its proposed rule will sharply hurt their bottom lines.
After testing out an estate planning pilot program last year with more than 1,100 of its employees, State Employees' Credit Union wants one more round of feedback before rolling out services to its 1.6 million members.
Nearly seven years after Whatcom Educational Department Credit Union expanded its business services department, the CU is tasting the fruits of its labor.
Despite the lack of a permanent director, the consumer financial regulator is gearing up for its June launch.
When it comes to monitoring a credit union's business lending portfolio, ensuring that there is synergy between the CEO and the board of directors can go a long way in identifying risk exposure.
In an article involving a brokerage account complaint, The New York Times said it mistakenly linked an employee that worked with a defunct credit union broker to State Employees' Credit Union.
The fundraising campaign of the deeply troubled Mission SF FCU of San Francisco to avoid a collapse or merger picked up again last week with new appeals by CU management to meet a new $200,000 capital goal by March 15.
It's a new day for credit union business development departments.
Douglas J. Petersen, who became the interim CEO of the $800 million Workers' Credit Union of Fitchburg, Mass. in December following the sudden departure of its veteran head, Frederick D. Healey, has been promoted to the permanent CEO slot.
Conditions and underlying trends varied widely last week for the mergers of two small credit unions in Illinois and Wyoming.
Credit unions regularly tout the fact that they offer a better deal, so Michigan State University Federal Credit Union is working to prove that with a $1 million challenge.
In Pennsylvania, the chasm between credit unions and small community banks looks to be getting smaller-at least where it comes to operations and training.
In a bid to capture more of the prepaid debit card market, the Illinois Credit Union League is rolling out a new "family card" designed for teens as a money management tool.
Former CUNA President/CEO Dan Mica is going solo.
For the Federal Reserve employees who are diligently reviewing comment letters regarding the proposed regulation on interchange, it might have seemed like they were living in the movie Groundhog Day.
The article "Blaine Takes on NCUA" [CU Times, Jan. 12, page 1] was a great diversion from the never-ending snowstorms of late.
Credit Union Times has a goal for 2011 to include Letters to the Editor in nearly every, if not all, issues. We had letters in nearly every issue of 2010.
As the NCUA considers regulatory changes for board governance, I am struck by the amount of time and energy dedicated by volunteers at credit unions.
The credit union story from the industry's beginning includes regular people taking a do-it-yourself approach to solve seemingly insurmountable environmental pressures and creating something new.
As retail banking channels converge and innovations continue, an engagement strategy is beginning to emerge that will not only position your credit union to better attract Gen Y but will set you on a course for greater general consumer engagement.
When I began my career in banking in the 1980s, financial institutions in the metro New York City market were targeting a new demographic: young professionals.
Andrews Federal Credit Union, Suitland, Md., welcomed Michael Bartelle as vice president of overseas operations.
The Crash Network has chosen 16 young credit union professionals to attend CUNA's 2011 GAC and complete a service project designed to improve their credit unions or the industry.
Immediately after Louisiana Corporate Credit Union announced its intention to explore a merger with Corporate America Credit Union, CU Times Correspondent Robert McGarvey got Louisiana Corporate's CEO David Savoie on the phone for a candid conversation.