The bills are piling up. You pay the cable bill. You pay your cell phone bill. But you let your auto loan payment slide.
Credit unions often portray themselves as the good guys among financial services providers.
In a world where lives revolve around cell phones and the Internet, face-to-face human interaction has, in a sense, become as pass? as a rotary telephone.
While NCUA made clear in a 2005 legal opinion that a CUSO could buy nonperforming loans as part of its debt-collection services, the regulator acknowledged that it had not fully addressed if debt restructuring was allowed.
Western Corporate Federal Credit Union eliminated 30 San Dimas, Calif.-based employees last week, adding to the 60 branch processing staff the NCUA had previously announced would be let go over the next 12 months.
CUNA terminated 18 people in its Madison office last week as part of a previously announced cost-cutting plan.
A House subcommittee has recommended that the Central Liquidity Facility borrowing authority be set at $40 billion and not subject to a cap.
Last week, Wisconsin Gov. Jim Doyle put an end to a measure that would have allowed Educators Credit Union in Racine, Wis., to continue to sell cars.
The exchanges were quick and, a few times, heated. But for the most part, the tweets were insightful between small business owners, lenders and others during a recent Twitter town hall hosted by Intuit Inc.
Patrick La Pine, executive vice president and head of association services for the Michigan Credit Union League, has been named president/CEO of the newly formed League of Southeastern Credit Unions, effective Aug. 3.
An Austin, Texas, banking research and development firm says it's offering rewards checking to help community banks and credit unions take back market share from the largest national banks.
The $9 billion Members United Corporate FCU posted potential loss scenarios in its portfolio update on its Web site, www.membersunited.org.
Citing economies of scale, the $61 million Desert Energy Credit Union of Tucson, Ariz., has agreed to a voluntary merger with the $330 million Pima FCU.
In a move to retain baby boomers who have a tendency to leave credit unions after a certain age, CUNA Mutual Group has partnered with Humana Inc. to offer a suite of Medicare products.
First Tech Credit Union and Oregon Community Credit Union joined forces with brass|MEDIA Inc. to provide free personal finance resources and instructional materials to Oregon students and teachers.
Nine credit unions from six states shared $17.15 million that the U.S. Treasury Department has awarded to credit unions out of the most recent round of funds.
Federal credit unions could be subject to additional subpoenas for information from state attorneys general as a result of a U.S. Supreme Court decision issued last week.
The move by state leagues to economize conference planning picked up steam with the Missouri Credit Union Association and the Oklahoma Credit Union League scheduling a joint fall leadership conference and expo in Branson, Mo.
Anderson Kelliher, Minnesota House Speaker, recently discussed the state's budget problems during a speech before the Minnesota Credit Union Network.
The president last week sent a 152-page wish list to Congress for what he wants out of the proposed Consumer Financial Protection Agency.
With all the bad publicity generated about the banking industry, I expected the results of a recent poll I posted on LinkedIn to be vastly different. The poll consisted of only one statement with two possible choices:
In recent months, I have heard from a number of readers and advertisers that their copy of Credit Union Times is looking a little thin. Well, there is a recession going on, and thin is in for the time being.
Standing out from the crowd usually requires some risky behavior. However, when it comes to auto financing, nonconventional does not necessarily mean more risk.
The sharp downturn in the nation's economy over the last year has allowed credit unions to further establish the important role they play in members' lives.
Maybe it's something in the water, or perhaps it's know-how bred in a state where almost everyone has or did have a relative or friend in the auto industry.
SchoolsFirst Federal Credit Union launched a used car buying pilot program to boost its auto lending and ended up reaching an unexpected group of membership.
The recent D. Hilton Associates 2009 National Employee Opinion Study found that credit union employees are optimistic about their jobs.
It may not be business as usual, but a majority of employers are optimistic that they will reverse hiring and salary freezes within the next 12 months.
The return on an investment in operational efficiency should always be so easy.
Travis Rice has entered a virtual world, one in which computer servers at his big credit union "kind of float around based on utilization" and are backed up at cyberspace speed.
SilverCloud Knowledge Systems and Cornerstone Advisors have partnered to put the consultancy's risk management and compliance expertise on the software company's portal solution for credit unions.
R.C. Olmstead said it has signed long-term renewal contracts with 27 of its core processing clients in the past 12 months.
A brief article in the June 17 issue