To say the battle to increase the member business lending cap has been an arduous one for the credit union industry would be an understatement.
WASHINGTON — His predecessor had to lay people off and fight congressional efforts to dramatically increase the regulatory burden on credit unions.
With the Consumer Financial Protection Bureau launch about a month away, credit union executives are expecting to spend more money and time complying with myriad of new regulations.
The 227,000-member Kinecta Federal Credit Union has become one of the financial institutions that Fannie Mae has authorized to provide mortgages to the purchasers of Fannie’s HomePath properties.
With the interest in reaching and connecting with young adults continuing to rise, some newly released studies have revealed some insights and surprises.
Federal credit unions can invest in or buy an insurance agency as a credit union service organization as long as the entity meet’s the NCUA customer base requirement.
The Members Group, the Des Moines-based card and payments processor serving credit unions, is losing its long-time president/CEO, Tom Kuehl, who is retiring by year end.
When is an IOU not an IOU? That was the question on the mind of Mike Doland, executive vice president at ABNB FCU in Virginia, when he advised the credit union’s vice president for finance, Anthony Duncan, to send a letter to the Central Liquidity Facility, the federally operated organization overseen...
With the recruitment and retention of top talent continuing to be a priority, credit union human resources departments have stepped up their training efforts.
Financial education may be the avenue credit unions have been looking for to reach parents, young adults and children alike.
In the midst of a still shaky loan environment, Pennsylvania credit unions have some good news to share on member business lending.
Navy Federal Credit Union, the nation’s largest, is making 2011 the year for fix up and makeover for many of its worldwide branches.
Hope Enterprise Corp., the chief sponsor of the 25,000 member, $136 million Hope Community Credit Union, headquartered in Jackson, Miss., has been awarded a membership in the national NeighborWorks network.
In our page 1 feature story, CUNA President/CEO Bill Cheney is attributed with making the observation that community banks play a more prominent role in the political atmosphere of the community. That is sad. And, I believe he’s very much correct.
OCEAN CITY, Md. — Small credit unions present an anomaly and a challenge for those that regulate them.
OCEAN CITY, Md.— One of the many lessons Kelley Parks learned in going through the process of rebranding Call Federal Credit Union was that loyalty to your founders is important in rebranding your organization.
President Kennedy famously said after the Bay of Pigs debacle that “victory has a thousand fathers; defeat is an orphan.”
Bonnie and Clyde. Bert and Ernie. Peas and carrots. Tango and Cash. Salt and pepper. William and Kate. I mean Catherine. Peanut butter and jelly. Ross and Rachel. Jay-Z and Beyoncé. Derek Jeter and brunettes. A-Rod and blondes. Kanye West and himself.
The $8 million 1st Choice Federal Credit Union will be merging into $664 million SF Police Credit Union.
The $52 million BCT Federal Credit Union in Binghamton, N.Y., was placed in conservatorship on June 10 by the NCUA.
Mountain America Credit Union has been named LPL Financial’s 2011 investment program of the year beating out 750 financial institutions for the honor.
After a six year run under the watchful eye of the Washington Credit Union League and its foundation, the BizKid$ show on financial literacy and entrepreneurship has a new parent–the National Credit Union Foundation.
In a push to strengthen member relationships, two Twin Cities credit unions are now offering savings-linked ATM-debit accounts that automatically rounds up differences on purchases.
Nationwide craft retailer Michaels faces a second lawsuit from a Chicago-area consumer over its card data breach that it made public in May of this year.
Bluepoint Solutions and Corporate One Federal Credit Union are going after potential new business created by the shakeout among corporate credit unions.
Like many of its small peers, Ohio HealthCare Federal Credit Union knows how expensive it can be to ensure that it is up to speed on being compliant with the litany of required regulations.
Credit unions definitely don’t want to spam their members, and they don’t want them to feel like they’re being sold something they don’t need.
The era of the paperless office hasn’t arrived, but the drive for back-office efficiency continues.
Going green isn’t just a trend anymore–it’s becoming an expected way of life. And credit unions are finding that replacing paper documents with electronic ones doesn’t just save trees. It saves money, saves time and creates new marketing opportunities.
Small boxes sitting on the network at a Symitar data center in Missouri are helping the core processor’s client credit unions improve internal efficiencies while the company works to wean its client base off traditional magnetic tape, the company said.
With health care costs projected to continue rising, more organizations have turned to wellness programs as a way to strike a balance between becoming more efficient and offering benefits that will attract top talent.
Credit union front and back-office staff members have plenty of differences. They spend their days doing different tasks, may come from different backgrounds, approach their work in different ways and are likely to exhibit different personalities. But in order for a CU to succeed, it’s crucial that both sides get...
Geezeo said it has signed the $341 million Call Federal Credit Union in Richmond, Va., to the Tolland, Conn., company’s personal financial management and integrated marketing platform.
An Android app has been added to the mobile banking product lineup from Intuit Financial Services, the company said.
The $84 million CTCE Federal Credit Union of Reading, Pa., has become the 49th credit union to convert to the Symitar Episys platform through Member Driven Technologies, the suburban Detroit CUSO said.
The 14,600 members of the $81 million Montgomery County Employees Federal Credit Union in Germantown, Md., can now use the triple play of mobile banking options.
A hosted account opening antifraud solution has been added to the customer acquisition products offered by Andera Inc.
The 204,000 members of the $3.2 billion Ent Federal Credit Union in Colorado Springs, Colo., can now deposit checks using the cameras on their iPhones and Droids.
A pair of billion-dollar credit unions has signed on with PSCU Financial Services for online banking solutions.
The 215,000 members of the $5.1 billion San Diego County Credit Union can now pay bills online and have the payments arrive that day.
iPads are allowing the staff at the $554 million Red River Credit Union in Texarkana, Texas, to process loan applications with members in the office or remotely.