Despite having a small percentage of business members, some credit unions believe they are now better positioned to grow their penetration in the small business market than they were prior to the start of the financial crisis a few years ago.
After consistently beating out large banks in customer online banking satisfaction, credit unions are lagging behind them for the first time.
A jury has ruled that Michigan First Credit Union was entitled to $5 million in damages from CUMIS Insurance Society Inc. in a case involving a wrongful denial of a fidelity bond claim.
Credit union executives spent the first week after the NCUA unveiled its corporate credit union prepayment plan studying it and reserving judgment.
Three months after a killer tsunami and earthquake engulfed parts of Japan, one of the outcomes is shaping up to be an opportunity for U.S. car manufacturers and shoppers.
Despite the uncertainty and legal challenges over the Patient Protection and Affordable Care Act, credit unions need to stay the course and proceed with changes required by the law, said Brad Pricer, senior manager of employee benefits product management at CUNA Mutual during the Texas Credit Union League’s annual meeting.
CUNA contends that the NCUA’s proposed rule mandating that most credit unions have an interest rate risk policy isn’t needed because most credit unions have such plans in place while NAFCU just wants the proposal tweaked a bit.
A sampling of headlines tells the story. “Governor Orders Education Cuts.” “Public Employees Protest Cutbacks in Ohio, Wisconsin.” “Union Fight Could Reshape American Politics.”
Michael Kelly, the new CEO of PSCU Financial Services, believes credit unions have to significantly improve their payment products and services if they want to remain relevant to their members or even in existence over the long term.
Amy Baker was a little alarmed recently when she logged onto her familiar online banking website, and it didn’t look so familiar anymore.
Mobile banking users are not necessarily more affluent than nonmobile bankers, according to Boston-based research firm Aite Group, and credit unions should invest in debit cards, prepaid cards and merchant-funded awards to attract new members.
A married couple now living in Las Vegas faces years in prison and potentially millions of dollars in fines for a scheme that wound up bringing down a small federal credit union in California.
Members who may not have the ability to buy a car are getting a second chance through North Side Community Federal Credit Union.
A group of lawyers that proved instrumental in helping credit unions navigate the details of the U.S. Treasury Department's Community Development Capital Initiative loans has recognized community development credit union leader Clifford Rosenthal for his public service leadership.
At a recent credit union meeting when I raised the subject of the NCUA’s recent proposal to permit credit unions to voluntarily prepay assessments, earning 0% interest with the agency, CEO heads were shaking. All in disbelief and all in response to the question, “Will your credit union be participating?”
You could say Brett Wooden, business development manager at Unitus Community Credit Union, jump-started a credit union iPad movement–and he’d be thrilled.
Continuity of thinking and governance competencies need to be taken into consideration when looking at board limits.
As a journalist, I usually don’t dive into a new job as an expert on the subject matter I’m asked to report on. Instead, I become one, by reading articles and interviewing experts, whether the topic is technology or fashion. This job is no different. I went into it with...
It is not news to us in the financial services industry that times are tough. Yields are low, margins are nonexistent and loan rates (if we can make loans at all) are at historic lows. Yet with these almost insurmountable challenges, we are expected to continue investing in our businesses...
I read, with interest, Henry Wirz’s letter in the May 11 issue, “Capital Plan Is a Bust.” First, for clarification, the white paper was not “recently released.” It was released on April 12, 2010. Second, the white paper was released under my and my working group’s authorship.
After 25 years in the job, 1st Advantage Federal Credit Union CEO Casey Duplantier will retire at the end of the year.
Locals recently had a chance to meet Jon Kuhn, a leading glass artist, at a reception held at Truliant Federal Credit Union’s headquarters.
David Addison, the former president/CEO of the troubled Texans Credit Union, has resurfaced.
The 72,000 member Polish & Slavic Federal Credit Union, headquartered in Brooklyn, N.Y., continues to find eager members in the suburbs of Chicago.
A debit card designed to help North Carolina firefighters has continued to generate contributions, according to the Local Government Federal Credit Union.
James Minge has been tapped as Texas Trust Credit Union’s next president/CEO.
A monthly On the Money financial education column on Patch.com has helped Heartland Credit Union connect with Inver Grove Heights locals.
Federally insured credit unions have been told to ensure they have security measures in place in the wake of several recent online breaches.
The $449 million Centris Federal Credit Union was among the top lenders recently recognized by the U.S. Small Business Administration during National Small Business Week.
Georgia members are opting to keep their current vehicles longer rather than pay for a new or used automobile.
CUNA’s PAC raised $93,774 in April and NAFCU’s raised $14,250, according to forms filed with the Federal Election Commission.
For the second time in a month, credit union leaders were counting their blessings there were no employees injured in a devastating tornado.
A credit union with 15 branches around the Australian state of Queensland is the latest announced credit union win by Fiserv Inc.
The latest version of Wescom Resources Group’s mobile banking platform is for credit union members with Apples in their eyes.
Members of the $1.5 billion Baxter Credit Union have deposited $10 million using their iPhones and Androids in the first six months that the Vernon Hills, Ill., credit union has offered the remote deposit capture service.
A seven-minute performance won Iowa-based social payments vendor Dwolla one of seven best of show awards at the Finovate Spring 2011 conference May 10-11 in San Francisco.
Vertifi Software LLC is now offering a mobile banking application specifically for the iPad, including remote deposit capture using the camera on the iPad 2.