Arizona credit unions reported the highest return on average assets in the country during first quarter 2012, according to the NCUA’s Quarterly U.S. Map Review. But despite 123 basis points worth of profit, things aren’t completely sunny in the Copper State.
Vermont’s fourth largest credit union, the $346 million Vermont Federal Credit Union, may be charting new ground in dealing with the Occupy movement. It now has a Burlington activist on its board.
NCUA Board member Michael Fryzel defended NCUA examiners in a June 11 letter to the editor after an online editorial accused the regulator of “trying to destroy small credit unions.”
The 203,000-member, $4.7 billion Bethpage Federal Credit Union, headquartered in Bethpage, N.Y., notified members and the NCUA of the accidental exposure of personal member data last week.
It appears that young adults are becoming more aware of their health insurance coverage more than a year after the passage of the Affordable Care Act in 2010.
The Central Ohio Chapter of Credit Unions has locals on the lookout for the next cash mob.
Too many credit unions put too little thought into their relationships with their credit and debit card processors and should concentrate on getting more out those partnerships.
The so-called cleansing theory – that there are too many underperforming or heavily capitalized small or midsize credit unions that need to be merged by larger brethren – is coming in for fresh debate this summer.
Despite recent activity, the NCUA has said it is not in the business of pushing mergers in 2012. According to an agency spokesman, there is “an upsurge in mergers this year which is likely due to the ability of continuing credit unions to assume the responsibilities associated with mergers as...
Greater TEXAS Federal Credit Union reached $500 million in assets earlier this year, during the Austin, Texas-based credit union’s 60th anniversary year. To celebrate the occasion, the credit union gave members commemorative chocolate coins in each branch lobby.
Credit union executives are tired and frustrated with the economic situation and recall the good old days of a decade ago when a 1% ROA was practically a given. NCUA examiners are tired and frustrated with the same things. These situations can lead people to speak without thinking or at...
Talk to Randy Smith, co-founder and publisher of CUinsight, and it’s hard not to get excited about the credit union industry.
Scholarships from credit unions
People in the News
This is a story about the power of shared vision and the value of daring to dream big dreams. It is about taking risk and the potential reward of serving others in need. Thus starts the journey from the frozen mountain peaks of Alaska to the sandy beaches of Hawaii.
How many of us have marveled at the foresight and success of other individuals and then felt we perhaps missed the boat? How did he know to purchase a house in that rundown neighborhood that eventually turned around? Or pass on paying $400,000 for a house in 2006 that she...
Bradford-Scott Data Corp. said it will be converting the $15.4 million Fortress Federal Credit Union in Marion, Ind., to the Sharetec core processing system.
Seventeen more credit unions have signed with MoneyDesktop in Provo, Utah, to offer its personal financial management solution.
EPL Inc. of Birmingham, Ala., and Financial Services Inc. of Glen Rock, N.J., said four New Jersey credit unions have now agreed to use EPL’s i-POWER core processing system through FSI.
An integrated dashboard interface combining online banking, payments and financial management solutions into a single interface is now being offered by CUBUS Solutions.
The 256,000 members of the $3 billion San Antonio Federal Credit Union are now being offered new mobile banking and remote deposit checking options.
The third generation of the Loan Producer loan origination system has been rolled out by Financial Industry Computer Systems Inc., the company said.
More than $1.6 million has been invested since November to upgrade the Wescom Resources Group service bureau for credit unions running the Symitar Episys core platform, the company said.
During the first quarter, vehicle buying CUSO Autoland Inc. reported a 16% sales increase over the same period last year.
The coin counting machine at Northwest Federal Credit Union branch in Herndon, Va., got a workout last month. George Shoemaker, a member for nearly 20 years, took to heart Benjamin Franklin’s advice: A penny saved is a penny earned.
Paul Regimbal, CEO of the former Catholic Credit Union, will retire at the end of June after 24 years of service to the credit union.
The $620 million Michigan First Credit Union of Lathrop Village is enjoying a burst of new card business–700 applications a month–from a rewards program stressing statewide tourism and patronage of local businesses.
First Heritage Financial LLC, a credit union-owned mortgage service provider based in Philadelphia, ended May 2012 at $1.016 billion of mortgage loans serviced.