With a membership that includes more than 250 U.S. embassies around the world, State Department Federal Credit Union is building on its remote reach while eliminating delays and expenses typically associated with international transactions.
Talk about bad timing for credit unions.
CUNA wants a pared down corporate credit union system that requires little new capital from natural person credit unions.
For businesses like the Miami-based Institute for Regional Conservation that rely mostly on grant money to stay afloat, any extra funds are greatly welcomed and appreciated.
WASHINGTON -- CSCU President Robert Hackney wants everyone to know that the association's days of being seen as playing a more junior role with card issuing credit unions have ended.
WesCorp is now beta testing a new mobile banking solution the corporate said will make the service more affordable by delivering it directly from the credit union's core account system.
Private student lending CUSO CU Student Choice has partnered with college planning and funding software provider Collegiate Funding Solutions to launch a collaborative promotional effort.
Mobile banking company MShift Inc. has filed a federal lawsuit against Digital Insight and one of its customers, a Louisiana bank, charging them with infringing on an MShift patent.
CUNA wants consumer advisory language strengthened in the proposed guidance regarding reverse mortgages while NAFCU would like to see additional guidance on what information must be included in advertisements.
There was a 7.5% increase in suspicious activity reports for mortgage fraud during the third quarter of 2009 compared to the same period in 2008, according to data compiled by the Treasury Department's Financial Crimes Enforcement Network.
Matthew Bilouris, a program officer at the NCUA's Office of Examination and Insurance, has been named special assistant to NCUA Executive Director David Marquis.
An overwhelming majority of credit unions surveyed by NAFCU expect their compliance costs to increase in 2010.
LemmonTree Marketing Group wants to get leaders talking about the future of credit unions.
Property and casualty insurance provider Zurich has unveiled Financial Institutions Select, a new management liability/professional liability policy that includes more than 75 new coverage enhancements designed to reflect the current landscape of risk.
WEOKIE Credit Union has tapped the expertise of design/build firm Clayco Inc. to head the project for its new 22,000 square-foot operations center.
Attendees of CUNA's Governmental Affairs Conference last week were spared a winter storm, but there was a flurry of activity.
In Feb. 10 Editor-in-Chief column ("Live in the Moment, but Plan for the Future"), there were several good points executives need to consider related to staffing and the member experience.
Thank you for your timely treatment of member service and its true value to a credit union. [CU Times, Feb. 10, Editor-in-Chief column]
Since reading both Editor-in-Chief Sarah Snell Cooke's comments and those of Fred Becker regarding cooperation among credit unions [CU Times, Feb. 3], I have been thinking a lot about this subject.
The notion that volunteer directors generally underperform has no more credibility than the idea that financial rewards for individual directors is the driving force and significant difference between healthy corporations and failed corporations.
WASHINGTON -- Two powerful members of the House Financial Services Committee gave credit unions reasons to hope that Congress might eliminate or at least lift the cap on credit union making business loans to their members.
WASHINGTON -- Two breakouts sessions at this year's Government Affairs Conference urged credit unions to adopt strategies that speakers said may be key to credit union survival in the U.S.
WASHINGTON -- The top Treasury Department official on credit unions said that the proposed agency to regulate consumer financial products will give credit unions a more stable regulatory environment in which to operate.
WASHINGTON -- Credit unions should aim to serve 100 million members by 2015 while paying careful attention to matters of financial soundness, NCUA Board Chairman Debbie Matz told attendees at CUNA's Governmental Affairs Conference.
WASHINGTON -- President/CEO Dan Mica said having a positive attitude and taking advantage of technological advances will help credit unions grow and play a strong part in creating a long period of prosperity.
WASHINGTON -- Even when companies start hiring again, it will be some time before there is a serious dent in the unemployment rate, former Federal Reserve Chairman Alan Greenspan told attendees of CUNA's Governmental Affairs Conference.
WASHINGTON -- NCUA Board Member Gigi Hyland said credit unions will thrive in the future, while Board Member Michael Fryzel urged credit unions to use their good reputation as a basis for getting legislative priorities passed by Congress.
WASHINGTON -- Credit union leaders and executives celebrated some of their industry's efforts to help students and immigrants better their financial lives at the National Credit Union Foundation's 2010 Wegner Awards dinner.
Credit Union Times asked leaders of some of the industry's business lending CUSOs, "What will be the greatest challenge and opportunity for credit unions and their business lending programs in 2010?"
Aggressively seeking the membership of small businesses has not traditionally been a strategy for most credit unions.
While year-to-date member business loan originations have fallen by $2.12 billion as of Sept. 30, 2009, outstanding balances increased over September 2008 levels to reach $28.9 billion, according to data from Callahan & Associates Inc.
Crescent Credit Union, Brockton, Mass., announced that after eight years as chairman of the credit union's board of directors, Herbert S. Nagle is passing the gavel to newly elected Chairman William Rosa.