Two credit unions, NASA Federal Credit Union and Navy Federal Credit Union, are offering members mortgages without requiring any down payment or mortgage insurance.
A Lexus dealership, sun-soaked Miami Beach, a rogue police officer and nearly a dozen criminal accomplices. It might sound like the early sketches of a Hollywood action film, but the setting and characters are real.
In an “amicable” decision made between Patelco President/CEO Ken Burns and the $3.9 billion credit union’s board, Burns will resign effective sometime this summer.
During the March 19 House Financial Services hearing on the conservatorships of Fannie Mae and Freddie Mac, Rep. Mel Watt (D-N.C.) yielded back the majority of his allotted time due to “media speculation over the weekend.”
Members of the Consumer Financial Protection Bureau’s Credit Union Advisory Council told Credit Union Times that CFPB officials listen to credit union concerns and seem to understand the unique relationships between credit unions and their members. However, they said, CFPB officials don’t have an answer for why they can’t...
The NCUA’s Inspector General blamed Telesis Community Credit Union’s former management and board as well the NCUA and California Department of Financial Institutions for the Chatsworth, Calif.-based institution’s failure in a material loss review released March 20.
Richard S. Garabedian, a Washington attorney who specializes in credit union charter conversions, doesn’t think HarborOne Credit Union’s conversion to a state co-operative bank, approved by its members last Monday, will trigger a wave of credit union charter conversions.
Credit unions and other debit card issuers moved significantly closer to being able to issue smart chip embedded debit cards last week when a key industry council announced its members reached agreement on a key software approach.
A Tennessee CUSO has won the core processing business of a group of 10 Southern California credit unions. The contract win pushes the client list at Memphis-based Share One Inc. past the century mark, with 104 clients now committed to its New Solutions core platform.
In the call to bring out your dead, don’t be so quick to toss branches on top of the heap of abandoned projects.
Why is this employee late with this assignment? Why is he so grumpy? Why can’t she understand something so simple? Why does this person put in their 40 hours and go home while that person has their cell phone strapped to their side? Why can’t they be more, well, like...
During a closed meeting, the NCUA Board unanimously approved Landmark Credit Union’s acquisition of Hartford Savings Bank, subject to approval from the FDIC, according to a Board Action Bulletin posted last week on the NCUA’s website.
Atlantic Financial Federal Credit Union has announced the retirement of its President/CEO Rick Webb.
EECU of Jackson, Mich., has been granted permission from the NCUA and the State of Michigan, Office of Financial and Insurance Services to adopt a new name, Michigan Community Credit Union.
Midcoast Federal Credit Union of Bath, Maine, announced the selection of Joe Gervais as its new CEO, replacing Gail Richardson who will retire after 33 of leadership and service to the credit union community.
The Wisconsin Credit Union League has honored CitizensFirst Credit Union of Oshkosh for providing 75 years of continuing financial service to its members.
The Credit Union Association of New York, in partnership with the New York Credit Union Foundation, is making its annual meeting and convention more accessible to attendees under the age of 35 through two grant opportunities. A young professional convention grant will make registration for the 2013 convention, to be...
When Robert Cashman talks about members who have been with Metro Credit Union for two or three generations, he pretty much knows what he’s talking about.
There’s no doubt that mobile banking has been a game changer in the financial services industry. However, given the amount of reporting done on the topic and the proclamations and predictions made, I can’t help but wonder if its impact hasn’t been over-stated. With that in...
Credit union boards collectively have many talents. With the NCUA mandate to diversify skill sets within the board more than ever, many areas of board responsibilities require directors to learn and seek consultation. One such subject that usually calls for extra help due to its complexity is CEO long-term benefits....
Charles L. Ray Jr., chair of the board of directors of Redstone Federal Credit Union from 1983 until 2011 died recently.
I wholeheartedly support and agree with Sarah Snell Cooke’s point of view on the issues as raised by Chip Filson. [See Editor’s Column, page 4, March 13 issue.]