If a House bill backed by the American Bankers Association in a new package of legislation designed to help small businesses create more jobs gives credit unions expanded lending authority, the banking trade group has vowed to pull back its support.
First there were 25 candidates for the CEO job at Plano, Texas-based Catalyst Corporate. That got whittled down to around eight people who were asked to assemble a strategic plan. Three or four then did in-person interviews with a committee of the board. And finally the winner was announced in...
The proposed conversion of the $1.8 billion HarborOne Credit Union to a mutual bank triggered fresh industry debate last week about the impact and efficacy of conversions as the Brockton, Mass., CU formally tendered its resignation from CUNA and the Massachusetts Credit Union League.
In a case that has ties to one of the industry’s largest mortgage scams, Sperry Associates Federal Credit Union received a ruling in its favor over losses the financial institution said it suffered behind the scheme.
After receiving more than 280 comment letters on the matter, credit unions may see a final amended CUSO proposal by midyear.
Clifford Rosenthal, CEO of the National Federation of Community Development Credit Unions, is leaving the federation to take a position with the Consumer Financial Protection Bureau.
Kansas Air Guard Credit Union has figured out a way to be social without taking the traditional route of Facebook or Twitter.
Locals are abuzz over Northwest Federal Credit Union’s new Webb Drive branch.
As far as Chris Blough is concerned, even a modest amount of noninterest income is welcome and there can be some additional spinoff benefits.
In my roles over the years at Credit Union Times, I’ve attended 11 of the last 12 Governmental Affairs Conferences held by CUNA–forgive me a maternity leave.
Todd Dauchy has left the $897 million Corning Credit Union in Corning, N.Y., to join Software & Management Associates of Kingwood, Texas, as its chief technology officer, the company said.
Having won NCUA approval, the $1.7 billion Chevron Federal Credit Union of Oakland, Calif., said it is merging with the $175 million Spectrum FCU of San Francisco in a deal set for final completion this September following a March 28 member vote.
The recent increase in gasoline prices doesn’t appear to be deterring members and others from buying cars.
CO-OP Financial Services will continue getting payment settlement services from Catalyst Corporate Federal Credit Union and the two organizations said they plan to expand their relationship.
BuzzBanking Inc. and CUNA Strategic Services have partnered to offer software they said bridges financial and social networks to build a rewards program that helps credit unions grow membership, increase debit card transactions and yield new loan opportunities while earning additional fee and interest income.
In what CUNA Deputy General Counsel Mary Dunn acknowledged has become a somewhat rare occurrence, CUNA has commented in a largely approving manner on the NCUA's most recent proposal for how CUs should track troubled debt restructured loans.
CUNA and NAFCU have been petitioning Congress to add language expanding credit union ability to offer member business loans to two jobs bills that are making their way through the legislative process.
To meet the insurance needs of its members, Hanscom Federal Credit Union has opened its own insurance agency.
Alliance Credit Union has a few new cute bundles of joy on site.
IC Federal Credit Union has set its sights on battling big banks by arming locals with the power of the credit union difference.
San Jose Credit Union turned 80 years old this month and will celebrate the anniversary by giving away 80 prizes.
Centra Credit Union said it is now one of the largest locally owned and operated financial institutions in central and southern Indiana. Having surpassed $1 billion in total assets, Centra is also the third largest credit union in Indiana.
Consumer backlash against bank fees, coupled with poor service and unmet customer expectations, has fueled increases in defection rates among customers of large, regional and midsize banks, according to the J.D. Power and Associates 2012 U.S. Bank Customer Switching and Acquisition Study.
Samuel R. Whitfield Jr. is CUNA's new vice president, legislative affairs.
Shell FCU has been serving Houston’s banking needs for 75 years, and to celebrate it is giving away monthly cash prizes, three cash grand prizes and a 2012 Camaro.
The $5.9 billion American Airlines Federal Credit Union plans to convert its core processing onto Symitar’s Episys platform, the company and credit union said.
Eight new core processing clients signed on at COCC as revenue grew by 6% to a new record, the company said.
Credit Union Data Processing Inc. of Farmington, Utah, said Wasatch Peaks Credit Union will soon be using its CUProdigy Core platform.
Vendors are now being invited to join the cbanc Network, an online repository of financial institution-authored content.
The 8,800 members of the $58 million First Financial Credit Union in Skokie, Ill., have downloaded its new app for smartphones more than 1,000 times in its first month, the credit union and its vendor said.
The ZashPay person-to-person payment network launched by Fiserv Inc. in 2009 will be absorbed by the Popmoney network that Fiserv bought last year with its acquisition of CashEdge.
Sixteen credit unions signed on with the JHA Payment Processing Solutions division of Jack Henry & Associates Inc. during the first half of its 2012 fiscal year, which ended on Dec. 31, the company said.
Work for new and returning clients has been lined up from five credit unions so far in 2012, according to L9.com, a Web design CUSO in Barre, Vt.
Seven more credit unions have signed on as users of the personal financial management platform from MoneyDesktop of Provo, Utah, the company said.
Fiserv Inc. said the $1.3 billion Navigant Federal Credit Union in Smithfield, R.I., has decided to deploy the company’s flagship Acumen account processing platform for large credit unions.
Jack Henry & Associates said it has moved 16 credit unions running its Symitar core platform in-house to the company’s service bureau offering in the past 18 months.
Student loans are poised to become the next big consumer debt debacle. Total outstanding student loan debt is expected to top $1 trillion this year, more than double the amount owed just five years ago. That would push it well above the amount of credit card debt outstanding, which totaled...
The American Institute of Certified Public Accountants has introduced several reforms to its auditing standards and created another layer of confusion for credit unions that outsource to service providers.
This past year I traveled 300,000 miles globally. The experience helped me connect dots that have serious consequences for business strategy and succession planning. It also reinforced a central theme that is emerging for all of us on boards: Can we learn as fast as the world is changing?
In January, we learned the Federal Reserve is unlikely to raise interest rates until late 2014. With recent declining net interest margins, regulatory reform eating away at our fee income, the NCUA’s assessments and other earnings pressures on the horizon, improving noninterest income is more important than ever.
The availability of an appeal of an NCUA examination to an administrative law judge and then to the FFIEC's ombudsman may not be the panacea that credit unions seem to assume.
This week's promotions, hires, announcements.