With paychecks usually coming once a month and only 10 times a year, teachers are known for having the discipline to hunker down on their savings and keep spending on a tight leash.
Nearly half of U.S. Central Federal Credit Union's $2.2 billion base-case loss estimates can be attributed to subprime mortgage-backed securities,
The largest credit union merger announced to date has been called off.
ALEXANDRIA, Va. -- The NCUA was busy rearranging buckets in its budget, but overall it did not increase credit unions' expenses during last week's board meeting.
Plaintiffs, including credit unions, are piling on to recover $4 million in stolen certificate of deposit funds in what could become a class-action lawsuit against Iowa-based MetaBank.
Credit unions around the country that issue fixed-rate credit cards have to decide whether to stick with those cards or follow much of the rest of the card issuing industry and switch to variable-rate cards.
With a growing number of lenders continuing to tighten their standards, credit unions hoping to grow small business loan operations may be missing other opportunities to establish long-term relationships.
CUNA staked out a position on the new Consumer Financial Protection Agency somewhere in between the Obama administration and those who don't want any new regulator at all.
Credit union economists agree on why credit unions are booking more mortgages on their balance sheets: Secondary market prices are discounted and consumer loans not only bring credit risk, but demand is low.
A handful of areas in credit unions' trust and investment services realm could be affected by the Treasury Department's proposed Consumer Financial Protection Agency.
CUNA and NAFCU have been tightening their respective belts in response to the recession. They've also ramped up programs to help credit unions do the same.
The ranks of online bankers and bill payers grew by more than 2 million households in America last year.
It won't have the drama or high profile of a Supreme Court confirmation, but the Senate Banking Committee was scheduled to hold a hearing July 22 on the nomination of Deborah Matz as NCUA Board chairman.
A two-day test-drive event held by Perfect Circle Credit Union, in support of the Invest in America program, won the praise of General Motors executives even though the event turnout was low.
At a time of uncertainty for the economy in general and credit unions in particular, Credit Union Times recently sat down with NAFCU President Fred Becker for a wide-ranging discussion.
World Council of Credit Unions' 2008 Statistical Report reveals modest growth in both the number of credit unions and members served, with 53,689 credit unions reporting nearly 186 million members.
Scaling back underperforming operations, America's Christian Credit Union of Glendora, Calif. recently closed two of its branches.
Reminding current and prospective member credit unions about the association's value, NAFCU is using a new tagline to describe itself in public relations and advertising vehicles.
The National Credit Union Foundation has released the results of its survey of REAL Solutions' impact.
Nearly half of small businesses still rely on traditional methods to promote their companies even though many of them are establishing a presence on Facebook, Twitter, LinkedIn and MySpace, according to a survey.
Lending Solutions Inc. announced that it has added nine new credit union clients in the past few months.
The Winthrop Rockefeller Foundation has approved a $250,000 deposit into $117 million-Hope Community Credit Union.
FAIRWINDS Credit Union is helping bring the best of Broadway to Orlando locals.
CUDL has announced the winners of its 2009 Auto Lending Best Practices Awards and Diamond Awards.
If you are eager to achieve a specific goal that involves others, don't force or mandate, instead nudge or coax.
Fiserv, Inc. has announced that its loan servicing platform is compliant with the U.S. Treasury Department's guidelines on home loan modifications.
The most recent Discover Financial Services' U.S. Spending Monitor survey suggests that credit unions will have to wait a bit longer for members' credit card use to return to previous levels.
The $58 million Entrust Federal Credit Union provided another example of a credit union coming through for its members recently when it helped a member access cash while overseas.
Xceed Financial Federal Credit Union has tapped experiential brand development agency Creative Brand Communications to help refine its brand.
Industry groups from Mississippi to Washington State were quick to trumpet membership gains and loan growth.
Two years ago Meriwest Credit Union decided to make its community a priority by developing a financial education program that has flourished over this past year.
When NAFCU picked the site for this year's Annual Conference & Exhibition at the Gaylord National on the Potomac in National Harbor, Md., the facility hadn't even been built yet.
While member business loans are up 16.3% over the past year, most of the gain occurred in 2008.
The $701 million DuPont Community Credit Union headquartered in Waynesboro, Va., has taken banking to its community's streets and outdoor events through a mobile ATM.
Agents of Xtend Inc. recently completed a call center university training program designed to provide education, team building, and industry awareness.
Nonprofit counseling agencies in Virginia will have more money available to use to help people avoid foreclosure as a result of the release of $50,000 in grant money by Virginia Attorney General Bill Mims.
Although some data show that the economy is picking up, consumers are still wary.
This year's Health Care Credit Unions International's annual conference will focus on helping members survive in today's economy.
A slew of credit union mergers this month underscore strategies for the future.
The $545 million Memphis Area Teachers Credit Union, shaken by last spring's management upheaval marked by the resignation of the CEO and the later removal of five top officers, strove mightily last week to put its best face on a turnaround.
iPay Technologies announced that it has partnered with MY CU Services, a subsidiary of Mid-Atlantic Corporate Federal Credit Union, to provide its bill payment product to all of the credit unions that use MY CU bill payment services.
What better way for credit union marketers to showcase the credit union difference than by creating campaigns for charities in need?
A credit union awareness event helped spread the word about credit unions in Albany, N.Y.
Clearview Federal Credit Union has got local college students texting.
It seems everyone is tightening their belts these days when it comes to spending money on IT vendors, including financial institutions.
Affinity Plus Federal Credit Union is pushing the envelope of operational efficiencies by using software to both save trees and empower staffers to expand their own horizons of member service.
Kentucky's largest credit union is one of the first adopters of a new solution from Harland Financial Solutions that harkens back to those mist-shrouded days of Internet past.
A recent Financial Insights report finds that more financial institutions are investing in becoming more visible and accessible to their clients and consumers in general.
Aspire Federal Credit Union has gone live with a new remote signature and secure document delivery solution, the credit union said.
Sixty credit unions are now offering their members mobile banking from HomeCU, a service of Database Management Services Inc. in Boise, Idaho, the company said.
In today's challenging economy it is more critical than ever for credit unions to perform budget reviews and consider cost-reduction measures. In any discussion concerning cost-reduction strategies, one of the first questions is,
To cut costs and develop more efficient strategies sometimes all it takes is a little teamwork and a couple of "duh" moments.
Despite challenging times, a recent CUES 2009 Staffing Manual for Credit Unions, written by Fredrickson & Associates President Dr. Carl Fredrickson, finds that opportunity knocks for credit unions to make the most of their greatest resource-their staff.
California is noted for leading the way in trends such as fashion, but at least one role that puts the state at or near the head of the list isn't as attractive.
The NCUA seems to be the Big Bopper these days, exhibiting all kinds of gyrations from the agency's partial release of the Clayton reports to the advancing of Debbie Matz' nomination and the NCUA Board meeting last week.
Isaac Newton once said, "I can calculate the motions of the heavenly bodies but not the madness of people!"
It's been nearly four years since Hurricane Katrina ravaged Mississippi and Louisiana, and there are still many physical and emotional reminders of how our lives-both personally and professionally-were turned upside down.
A recent article published on The Raddon Report Web site, theraddonreport.com, by Marcus Rothaar reported that Gen Y is more optimistic about the economic future than other generations.
SOUTH - Community First Credit Union, Jacksonville, Fla. has named Carla Romano manager of the San Pablo branch.
As if the here and now isn't enough to deal with, credit union CEOs have another key issue to focus on-the future.
After a steep decline over the past two quarters, credit union CEOs seemed to have received a confidence boost over this past quarter by showing a 17-point jump in Southwest Corporate Federal Credit Union's CEO confidence survey.
Senate Banking Committee Chairman Christopher Dodd urged NCUA Chairman Michael E. Fryzel and other regulators to enforce forthcoming rules on reviewing rate increases and warn card issuers that they'll be held accountable for recent rate hikes.
Olin Community Credit Union, Bethalto, Ill., donated a total of $7,400 to four local organizations.
The Golden 1 Credit Union, Sacramento, Calif., announced that President/CEO Teresa A. Halleck was one of five Sacramento-area women honored by the St. John's Shelter for Women and Children for their commitment to motherhood.