Despite an overflowing talent pool due to rising unemployment, credit union recruitment and retention efforts have never been more important.
The Senate last Thursday overcame strong Republican opposition and passed comprehensive regulatory overhaul legislation 60 to 39. All but one of the 58 Senate Democrats supported the measure, and all but three of the chamber's 41 Republicans opposed it.
The combination of election-year politics and the desire of lawmakers not to have to choose between credit unions and community bankers have helped erect a series of roadblocks to raising the cap on member business lending.
Credit unions are scrambling to get members to opt-in to overdraft or courtesy pay programs by the Aug. 15 deadline in order to retain noninterest income.
The $955 million Town North Bank reached the brink of undercapitalization when it sold its card processing business to Fifth Third Processing Solutions on July 6 for an undisclosed price.
Raising a number of concerns, the $550 million Michigan First Credit Union said it is moving forward with a suit against First Michigan Bancorp Inc. for trademark infringement.
With the NCUA beating the drum even louder lately to increase the member business lending cap, the regulator is still aware of the troubled loan portfolios that have plagued some credit unions.
Building capital for future projects, CUNA Mutual Group said it has entered into an agreement with institutional investors to issue $85 million in fixed-rate, 20-year surplus notes.
The Fair Isaac Corp. released a revamped edition of its debt collection software that the data company said will be easier and less expensive to deploy and use.
When attendees at NAFCU's annual conference spend Friday afternoon watching the Cardinals-Cubs game, they will see a part of history in the making. The teams compete for loyalty among fans and rich histories that are rife with symbolism.
After a rough 2008 and 2009, conditions are slightly better this year for many credit unions. During his 10 years as NAFCU president/CEO, Fred Becker has observed many highs and lows in the credit union movement.
Bucky Sebastian, the National Credit Union Foundation's newest executive director, hopes the foundation can continue down its innovative path-both toward helping credit unions overcome their different challenges and toward improving its own operations.
The addition of two new credit union partners has pushed student lending program provider Fynanz to reach the milestone of 50 credit union partners.
Indiana Members Credit Union has teamed up with the WNBA's Indiana Fever as an official sponsor.
Deposits continue to grow at a rapid pace even as the number of banks has decreased.
CUES has teamed with BoardSource to offer credit union volunteers more education options through its Center for Credit Union Board Excellence.
Seven high school students in a financial education program mentored by the $153 million Downey FCU won first place in a California Council on Economic Education-sponsored competition.
The final push for New Jersey legislation allowing credit unions to receive municipal funds may not come until September, but CUs were making their case about filling a void left by the market exit of JPMorganChase regarding $500 million in deposits.
Toledo area credit unions have been fundraising to help victims of the recent tornadoes that ravaged rural communities in Wood County, Ohio, and severely damaged the offices of the $8.9 million Woodco FCU of Millbury.
World Council of Credit Unions is taking its conference fundraising auction online.
PowerNet Credit Union President/CEO Tim McMurry will lead volunteers at chairman of the $3.2 billion Southeast Corporate FCU at least one more year.
Interest rates have been holding steady for months, but a new article from Southwest Corporate's Asset Liability Management Services urges credit unions to position themselves for the inevitability of rising rates.
North Carolina credit unions involved in several fundraising events to aid a national support the troops charity were reaping heartfelt praise as outstanding community leaders after collecting a chart-topping $161,000.
Nearly a month after it was placed into conservatorship by the NCUA, Arrowhead Central Credit Union has been prohibited from accepting any new member business loan applications.
Expanding its Colorado footprint, the $5.5 billion Security Service Federal Credit Union of San Antonio is planning a takeover of the ailing $120 million Norbel Credit Union of Fort Collins, Colo.
A veteran manager of enterprise software companies has been named the new president/CEO of online banking pioneer Online Resources Corp.
Ohio has a former community bank CEO, Carolyn Bradford, as its new credit union regulator.
Summertime and the savings is easy as credit unions do their part to help consumers hold onto their hard earned dollars.
There's a new look and feel to RSM McGladrey Inc. and McGladrey & Pullen LLP.
PrimeWay Federal Credit Union has tapped former Mountain America Credit Union Senior Vice President of Branch Administration/Government Affairs Annette Zimmerman as its new president/CEO.
The Missouri Credit Union Association is looking to hire a replacement for its retiring president/CEO, Roshara Holub, within the next 90 days, according to the group's chairman, Stan Moeckli.
A new white paper from the CUNA Lending Council examines ways lending departments can build strong relationships with CUSOs.
OnPoint Community Credit Union said it has seen use of its new mobile banking platform grow by an average 33% each month since its launch earlier this year.
Credit unions are in the risk business. If you don't take risk, you go out of business. It's as simple as that. However, take too much risk and you go out of business, too.
Money may make the world go 'round, but it doesn't always translate into political clout.
Two years ago at the World Credit Union Conference, Australian credit unions shared stories about the impact of an interchange cap.
As I come to the end of my term as a board member and chair of NAFCU, it is with particular pride that I reflect upon how our industry has evolved over the last decade.
LAS VEGAS -- Australian credit unions pay both taxes and volunteers. However, like in the U.S., the loss of interchange income is a sore subject.
LAS VEGAS -- Governance took center stage during a session that featured three international regulators.
LAS VEGAS -- Can corporates promise members they won't again leverage risk to chase yield and avoid a fourth systemic crisis?
LAS VEGAS -- Speed networking was the objective of a WOCCU-moderated late afternoon session. Participants played musical chairs, spending five minutes together learning about each other's credit union and culture.
The NAFCU sponsored conference will place heavy emphasis on both the problems and the opportunities that present themselves to American credit unions.
This super-sized city is home to the world's largest:
Chicago History Museum
The economic environment over the past few years has produced rapid changes. Some changes have brought opportunity, others have brought hardship and tough times and some will continue to force credit unions to adapt.
This summer some 72 US Federal Credit Union staffers were able to slip into something smaller thanks to the 92-Day Challenge.
As members contemplate the moves they need to make with their investment plans in light of layoffs and market fluctuations, are those credit unions that have yet to enter that realm really losing out?
Personal financial management is hot.
In response to the recession, consumers have regrouped and are doing the best they can to rebuild their financial foundations.
Last night I was chatting with an old high school friend on Facebook who I hadn't spoken to in years. With the expansion of social media we were able to reconnect.
A Towers Watson health care reform survey revealed that employers have little hope that the Patient Protection and Affordable Care Act will help them achieve their top goals to decrease health care cost and improve workforce health.
St. Anne's Credit Union, Fall River, Mass., announced that Tim Souza joined the credit union as a mortgage originator at the Seekonk loan center.
Heritage Federal Credit Union, Newburgh, Ind., was honored with the Diamond Merit Award in recognition of outstanding marketing and development achievements in the credit union industry.
HAPO Community Credit Union, Richland, Wash., is working to connect soldiers serving in Iraq and Afghanistan with their families in the U.S. Partnering with Operation Thank You.