Like many in the industry, the $36 million TMH Federal Credit Union is used to seeing delinquent loans and charge-offs from members with less-than-stellar credit histories.
In its May 1 weekly corporate update, the NCUA said seized $35 billion U.S. Central Federal Credit Union will report a $2.3 billion other-than-temporary-impairment charge when it releases its March month-end financials.
New Jersey credit unions are tapping into what it means to be a cooperative movement with a new student loan program that pools funding and spreads risk.
Western Corporate FCU members got their first peek at NCUA-led financials since the institution's March 20 conservatorship in the form of an early morning May 1 e-mail.
The negative impact of the economy on its investments caused CUNA to have to write off almost $8 million last year.
In a move reflecting continued economizing by the industry, the Colorado and Wyoming Credit Union Associations are making plans for a formal merger later this year as part of the ongoing consolidation trend among state leagues.
The liquidity situation at corporate credit unions will be the NCUA's focus when it examines possible changes in the Temporary Corporate Credit Union Liquidity Guarantee Program at its meeting on May 20.
Economic hits and likely regulatory changes have made developing back-office collaboration essential if credit unions are to survive, according to a new report
An effort to make current data security measures significantly more secure is poised to get underway. The Accredited Standards Committee X9,
State-chartered credit unions have another three months to come up with identity-theft protection programs as a result of the Federal Trade Commission's decision to extend the deadline for enforcing Red Flags.
The merger trend in Florida showed no signs of letting up last week with the troubled $220 million Sarasota Coastal CU entering merger talks with $650 million Achieva CU of Clearwater.
Two credit unions and a stranded CU member recently discovered just how personal the people helping people part of the credit union philosophy could be.
The third credit union to implement the Gen Y-targeted Young & Free marketing campaign has announced the winner of its spokesperson search.
Coastal Federal Community Credit Union has planted a victory garden to provide food for the area's homeless.
The $84 million West Texas Credit Union recorded extreme changes in its financials since June 2008, back when it reported a healthy 12.00% net worth.
Credit unions should use the debate over financial regulation to highlight their strengths while preparing for a system that might feature one large agency that regulates financial services.
Northwest Federal Credit Union generated $221,000 in auto loans during its members-only car show.
Even though the average age of members at Altier Credit Union is between 45 and 65, the financial institution is banking on a new online solution to make 20
The NCUA insists it intends to hold WesCorp's distressed securities to maturity, but the May 1 announcement that the seized $20 billion
In an effort to woo more small businesses, the SBA said it has temporarily expanded its 7(a) loan program to allow businesses to qualify based on net worth and average income.
The $1.5 billion Eastern Corporate Federal Credit Union and $238 million Midwest Corporate Credit Union have joined the Corporate Credit Union
Thomas Moore has left Balance Sheet Solutions, where he was president of the wholly owned Members United Corporate FCU CUSO.
Yet again, corporate credit union news comprises the bulk of our front page. And, as in the past, most of it ain't good.
CUNA recently announced that any cram-down legislation is DOA.
Last week the Senate passed a housing bill that is good for credit unions. It contains two critical legislative provisions for our industry
Credit Union Times has a goal for 2009 to include Letters to the Editor in nearly every, if not all, issues. We had letters in nearly every issue of 2008.
Thanks to the conservative lending policies of credit unions, Credit Union Times was featured in the May 4 issue of min's b2b newsletter as a magazine
While Centennial Lending LLC will come across a loan worth taking over, the mortgage and business lending CUSO
Flat markets coupled with weak revenue reports has led to an increase in the number of cases where credit unions and broker-dealers are on the receiving end of questioning who really owns an adviser's book of business.
For many small businesses, insurance probably ranks high on the list of most expensive costs, right next to health care expenses.
Today's credit union industry is in the mature phase of its growth cycle and experiencing some of the most significant challenges of any time in its history.