A lot of talk centers on the need to get young adults on credit union boards, yet not a lot of action is taking place. Credit Union Times asked a few Gen Yers what it would take to get them involved.
CUNA and NAFCU often say that during the recent financial crisis their members wore the white hats.
After almost 35 years processing credit union credit card transactions, Town North Bank has sold off its last stake in card processing.
The traditional core processing model is alive and well despite the buffeting winds of change and challenge, and in fact, could be a bit of a growth industry.
Jennifer Lehn, chair of the CUNA Operation, Sales and Service Council, has firsthand experience in CU mergers.
The NCUA served 18 former executives and directors of U.S. Central with demand letters, alleging their breach of fiduciary duty contributed to the conserved corporate's losses.
Clearview Federal Credit Union said a Florida debt settlement firm has agreed to change its name after the cooperative filed a suit claiming trademark infringement.
After learning that 15% of its small business members were denied a loan to keep their operations running, Sam's Club launched a national pilot program that would make capital available to them.
Hearing the cries of credit unions frustrated with what some say is the cumbersome process to become an SBA lender, the agency set out to streamline the procedure in August 2008.
Credit unions that want to be considered as potential merger and purchase and assumption partners will be able to sign up for a registry the NCUA is developing, NCUA Chairman Debbie Matz announced in a recent letter to credit unions.
The merger of the $70 million State Central Credit Union of West Allis, Wis., into the $1.5 billion Summit CU is now nearly complete, but State Central members received a bonus last month recognizing their loyalty-a $5.2 million dividend.
The $1.6 billion Chartway Federal Credit Union has consolidated a second NCUA-conserved Utah credit union, the $139 million SouthWest Community FCU of St. George, Utah.
Thanks to a good relationship with its sponsor group and a stroke of luck, the $330 million Vons Employees FCU opened a full service,
Bill Cheney, who has spent almost his entire career in credit unions, most recently as president/CEO of the California and Nevada Credit Union Leagues,
Dan Mica stepped down after 14 years as CUNA's president/CEO on July 1. Mica, who had been a member of Congress and a lobbyist on behalf of the
GrooveCar, an auto service provider, has launched an iPhone/iPad app that features a credit union section allowing members to view credit union offerings.
Total vehicle sales were down from May to June, continuing their bumpy ride through 2010.
NetDeposit LLC and CU Business Group have signed an agreement to bring remote deposit capture to the CUSO's more than 300 credit unions.
The $452 million First Credit Union is the latest in the industry to be recognized by the SBA for its lending efforts.
Buying and leasing new equipment and taking on new debt are two decisions small business owners are sitting on until they see sustained signs that the economy is recovering.
When it comes to building a new corporate headquarters credit unions need a little imagination.
CUNA Mutual Group has formed a five-person committee to assure plan sponsors that the investment options in one of its 401(k) programs have been thoroughly screened and monitored.
Consumers appear to be responding to aggressive premiums offered on 48-month certificates of deposit at banks.
Louisiana credit unions have added a third international partnership to their ranks, as Jefferson Financial Credit Union of Metairie, La., and Ghana's GESRO Co-operative Credit Union signed an agreement of mutual support in late June.
Student lending program provider Fynanz, Inc. has revamped its cuStudentLoans.org website to feature a college financing blog, Ken's Korner.
Filene Research Institute Chief Innovation Officer Denise Gabel is pitching a TV show to Oprah to help out a small business owner.
For credit unions offering private student loans, opportunity is the one common word they are all shouting.
At times, the mortgage program at Las Vegas-based Nevada Federal Credit Union has felt like an oasis of stability in the middle of a real estate market that has swung wildly from one extreme to another.
Regional banks continued to command the attention of phishing fraudsters in February, according to RSA, the security division of EMC.
An intranet portal specialist has partnered with a consulting group to offer what the credit union specialists call a comprehensive vendor management program.
WoltersKluwer has made changes that it says will make its IntelliConnect easier to navigate and find information on it.
Following six months of planning, CUNA has unveiled the newly revamped cuna.org.
Three Maine credit unions are piloting the launch of Synergent's new member capture service,
For some credit unions, it continues to take a whole lot of arm twisting to prove that offering trust services to their members is really worth the effort and time commitment needed to see a steady return on investment.
One of the largest employers in northern Michigan is about to open a credit union.
A new line of international term life and personal accident insurance products aim to provide members of the United Nations Federal Credit Union with more protection in war-torn and humanitarian crisis regions around the world.
Investment advisers will soon have to abide by new SEC rules that curb campaign contributions to elected officials given with the hope of getting lucrative contracts for the management of public pension plan assets.
On the heels of a report critical of some credit union payday loan alternatives and just as the NCUA has proposed regulations governing short-term,
If you are a boss you might want to consider the possibility that paying your employees big bonuses isn't likely to improve their performance. Also, if your spouse or partner dumps you it may hurt for a little while, but eventually you will get over it.
One in every 3,000 computers monitored by a global security specialist is infected with a new version of the Zeus password-stealing malware, said Trusteer, a New York-based company.
Geezeo has signed the $805 million Unitus Community Credit Union in Portland, Ore., as the newest user of its personal financial management, web community platforms and social media tools, the company said.
A New York group is organizing to protect future growth and assist managers on compliance and balance sheet worries for continued viability of faith-based credit unions.
Nine banks are the first approved lenders for a new SBA loan pool origination program that will assemble and sell pools of 504 program first mortgage loans to help jump start a secondary market.
Credit unions and other lenders have helped the SBA's Patriot Express loan program reach the $500 million mark.
CUSOs and vendors agree that mergers in the credit union industry continue to have an impact on their business models, but it's not necessarily a negative one.
The regulatory restructuring bill-which CUNA and NAFCU are opposing because of the interchange provisions-is likely to come up for a vote in the Senate this week, and odds are it will pass.
Citing "extraordinary" costs in special cases, the Texas Credit Union Department wants to be reimbursed from the industry for certain examination expenses, it was disclosed last week.
The Golden 1 Credit Union is once again offering zero-interest State Budget Payroll Loans to workers experiencing pay cuts as a result of the California legislature's budget impasse.
After a decade at Symitar, Kathy Hooker Burress plans to retire as division president at the end of the year, according to parent company Jack Henry & Associates.
Open Technology Solutions is mourning the loss of Chief Operating Officer Steven P. Markwell who died at the age of 47.
Credit unions operating in California must provide written mortgage loan translations in five languages, according to a release from the state's Department of Financial Institutions.
The Cadillac division of General Motors Corp. has left Invest in America, the auto discount program run by the Michigan Credit Union League now in its second year.
Student Lending CUSO Credit Union Student Choice announced its 150th credit union partner.
The $1.6 billion Texans Credit Union is not providing any details only saying it has settled a three-year long clash involving Kevin Curley, the former president of Texans Insurance Group.
After more than 10,000 votes, six finalists have emerged from 41 applicants to fight for the title of the Next Top Credit Union Exec.
Looking to engage meaningfully with younger consumers? Then stop assuming and start connecting through a common interest rather than trying to sell credit unions.
MBA students at Pepperdine University had long been offered courses working with local banks, but a case study program launched in the first quarter of 2010 introduced the school to the credit union industry.
Generation Y is expected to have a profound impact on the way in which business is conducted for decades to come. The financial services sector is not exempt from this transformation.
The Independent Community Bankers of America had the right idea with regard to interchange regulation. I'll probably have to run for cover at the CUNA/WOCCU 1 Conference this week for stating that, but it's true.
Credit unions are at a crossroads right now. More consumers are aware of credit unions thanks to media attention and more people are flocking from banks to credit unions. The issue at hand is how can credit unions leverage this for the future?
In the financial services legislation being considered by Congress, of greatest interest to consumers is the creation of a new Consumer Financial Protection Bureau.
When it comes to protecting your credit union's reputation from crisis-driven adversity, I've found it pays to expect the unexpected.
Competition to retain and win customers is stiff between banks and credit unions.
I haven't slept well since September 2008. Around the time the financial crisis began, the Filene Research Institute was holding its annual Big Bright Minds meeting in Portland, Ore.
Keep things simple. That's the philosophy of Jason Wells, founder of SimplifyIT, a provider of intranet-driven knowledge management and help desk solutions to about 20 credit unions.
Greater New Orleans Federal Credit Union has become the latest small credit union to provide mobile services. The CU has also added account alerts to its home banking service.
Security concerns seem to be keeping the United States and Canada in the middle of the pack when it comes to online banking adoption, according to a new report.
Strategic marketing of the Credit Union On and Banking On e-communications solutions from IMN will now be under the control of a new executive, the company said.
CU*Answers will help credit unions keep men and women apart in the latest iteration of its CU*BASE core processing system.
VSoft Corp. is launching a new software-as-a-service version of its image capture and processing platform and has landed Arizona Federal Credit Union as the first user, the company and credit union said.
If you get nervous in the spotlight, watch out for flying Frisbees and tennis balls at David Copperfield's traditional Vegas Magic Show.
When discovered by Spanish explorers in 1829, the lush springs and underground wells of the region offered travelers much needed respite from the harsh westward trek for California gold.
For about a year, PSCU Financial Services has been using a piece of integration software that sits atop its new IBM
Judy Makela gets by with a little help from her friends-in this case, the vendors that enable her little Oregon credit union to offer high-tech tools while maintaining its high-touch approach to its small membership.
San Juan Mountains Credit Union, Lakewood, Colo., joined shared branching through CU Service Network in order to
Every now and then would you like to have a personal cheerleader-someone on the sidelines to offer a voice of encouragement, advice and an extra little push? There are professionals out there who can offer just that.
Bethpage Federal Credit Union president/CEO Kirk Kordeleski was selected as one of the 50 Most Influential Long Islanders of 2010.
The Filene Research Institute recently named Elevations Credit Union President/CEO Gerry Agnes to serve on its research council.
Michigan Catholic Credit Union announced the appointment of its new CEO Robert Grech.