Nearly a month after the NCUA placed Texans Credit Union in conservatorship, the regulator has begun the process of assessing the adequacy of the cooperative’s allowance for loan and lease losses account.
Cincinnati-based Fifth Third Bank continues to gain visibility as an alternative to corporate credit unions, but senior bank executives also made plain that their approach to credit unions fundamentally differs from a corporate’s.
Citing safety and soundness concerns, the NCUA is rejecting pleas by NAFCU and some credit unions to reverse its recent decision and allow well- capitalized credit unions to be exempt from restrictions on how much they can spend on fixed assets.
The Senate came back last week and didn’t take up legislation to delay the delayed implementation of the Fed's rule regulating debit interchange rates. But the NCUA and trade groups weighed in again about the impact on small issuers.
A grand jury in Bergen County, N.J., has returned an indictment against a former Paragon FCU employee in an alleged mortgage fraud scheme.
Mark Sievewright now gets to put his thoughts into action, and he said he hears that a lot.
The misery index for credit union managers, employees and members who survived the April 27 sweep of killer tornadoes across seven states was no less than that shared by most residents.
House Republicans last week took the first steps to change the structure of the new consumer protection bureau in a way that Democrats say would weaken it.
The $5.3 billion American Airlines Credit Union reported that its relatively young credit card program has remained strong during the Great Recession.
Twenty years after he helped launch one of the first companies to succeed in the new world of Internet banking, Matt Lawlor was forced out of his job as chairman/CEO of Online Resources Corp. by a board dissatisfied with the publicly held company’s financial performance.
Open Solutions Inc. has opened an online store of its own for the financial services technology company and its customers alike to share applications they have developed.
Daniel Pink, the author of four books on business management and speaker at CUNA’s upcoming America's Credit Union Conference, is upfront about coming to his interest in business and management accidentally.
Our May 18 issue will feature opposing viewpoints on whether or not to branch. Field of membership definitely plays a factor as will resources.
Taxation fears are once again permeating the thoughts of credit union leaders.
NCUA recently released a white paper on alternative capital. The question most people ask is whether credit unions will ever get alternative capital. I think the more interesting question is whether credit unions can make alternative capital work in a member-owned cooperative. I would say the answer is that alternative...
Credit unions and community banks are being warned about a cyber scam that’s sent $11 million so far to Chinese banks.
CUNA Mutual’s senior technologist will be the presenter at the company’s next session of its Discovery Webinar series for 2011.
Cypress Software Systems has been added to the list of U.S. loan origination automation specialists owned by CRIF from Bologna, Italy.
Sterling Nielsen, president/CEO of Mountain America Credit Union, has been recognized as one of Utah’s Most Influential People for 2011 by Utah Business magazine.
Geezeo said its personal financial management and Web-based marketing solutions will now be offered by Wescom Resources Group.
Paul Parish, president/CEO of the $3.2 billion Wings Financial Credit Union, announced May 2 he will retire at the end of the year.
The latest consultant offering his services to credit unions is well known to the industry.
The $380 million USF Federal Credit Union of Tampa has become a newfound favorite of PETA after it dropped a "running of the bulls" promotion.
When a teacher sought relief as she struggled to make the $500 monthly payments on her Volvo, Carolina Cooperative Federal Credit Union felt it had just the solution she needed.
To fill the potholes in crumbling budgets, some states are continuing to look for ways to cut expenses.
With the recent turbulence in the marketplace, CUs must take a closer look at how they can be more competitive.
This slide show illustrates how, according to Experian, credit unions are holding their own when it comes to balances, delinquencies and repossessions.