The NCUA’s second listening session, which attracted approximately 100 participants to the Westin Hotel in Alexandria, Va., was intended to address exam issues and the regulatory burden. The event did address exams, but questions also revealed two potential regulatory changes.
All student loan borrowers are out to get an education, but for those who belong to credit unions, a different kind of schooling might be in store. Some credit unions say they’re placing an emphasis on educating their student loan recipients about the borrowing process, from application submission through repayment.
Alabama Credit Union Administrator Larry Morgan, who was chairman of the board for the $3.7 billion Corporate America Credit Union as recently as 2010, denied accusations that he has a conflict of interest acting as regulator on issues between the corporate and the NCUA.
In an attempt to achieve economies of scale, the $2.2 billion Catalyst Corporate FCU and the $1.1 billion First Corporate CU announced on May 9 that the two have signed a nonbinding letter of intent to consolidate through a purchase and assumption transaction later this year.
The 7,600-member, $75 million Puget Sound Cooperative Credit Union has continued to benefit from its decision to open a branch on a sparsely populated island off the coast of Washington State.
For many who have been laid off from their jobs, unemployment benefits can keep some sort of income coming in, but it is almost always not nearly enough.
The $85 million Point West Credit Union of Portland, Ore., is more than willing to broadcast and celebrate its tale of coming back from the brink of a 2008 financial collapse.
The spate of Southeast bank failures is providing some extra bargains for credit unions that are able to acquire abandoned bank branches and other property.
A rejected request for a commercial construction loan is at the center of a dispute between a New York real estate development firm and Bethpage Federal Credit Union.
After a nearly three-year track record of successful business checking account activity, Bethpage Federal Credit Union is ready to see if it can build on the momentum.
The NCUA-managed Arrowhead Central CU added some padding to its well-capitalized status, reporting 7.69% net worth as of March 31, and a $7 million first quarter net income.
As far as which social media channel reigns supreme, years later the answer remains it depends.
Warehouse retailer Costco has also been helping its members with refinancing their mortgage loans.
The new interim president of Business Partners LLC said the business lending CUSO is on track to continue growing this year.
A new program from CMG Mortgage Insurance will allow credit unions with delinquent mortgage holders a wider range of options in helping them keep their homes.
The NCUA is hosting listening sessions around the country for credit unions to air their grievances. The agency is providing notepads to write down comments and questions that can then be shared anonymously with the group for NCUA response.
Despite his Credit Union Warrior persona in the blogosphere, Matt Davis, director of innovation at Filene Research Institute, is actually a nice guy.
With a long to-do list and a director in place, the folks at the Consumer Financial Protection Bureau are off and running. Interestingly, they are off and running on a different path than traditional federal agencies.
Following the global financial crisis, directors are increasingly concerned with how to effectively navigate the new environment. Being held under greater scrutiny by the public, members and the NCUA, it has become even more important that directors demonstrate a commitment to ethical behavior and ensure transparency.
The constant challenge for a credit union is to become and stay a member’s primary financial institution. Marketers use “PFI!” as an impassioned rally cry, yet, what creates a member’s PFI choice is different per individual.
An iPhone mobile app is now being offered by CU Companies to the CUSO’s owners and partner credit unions to offer their membership.
Effective May 1, the $170 million United Bay Community Credit Union of Bay City combined with Kalamazoo’s $28 million Access First FCU.
An electronic storage service that credit unions can offer their members to safely store financial documents at their online banking site has been rolled out by DigitalMailer.
NeighborBench said its cloud-based compliance services have been licensed by the $76 million REALTORS Federal Credit Union of Rockville, Md.
Tony Budet, president/CEO of University FCU has been selected to serve on the board of CUNA, while Paul Trylko, president/CEO of Amplify FCU was elected chairman of the Texas Credit Union League.
CU*Answers, the Grand Rapids, Mich., CUSO that supplies the CU*Answers core processing system to 185 credit unions, has two more owners.
Trusteer’s online fraud protection services will be integrated now into the online banking platform from Q2ebanking of Austin, Texas, the companies said.
Edwin G. Pustelnik, former president/CEO of Buffalo Fire Department FCU passed away late last month.
At a recent investment education seminar at a large hospital in Boston, Matthew Morrow witnessed what he says is a shift in who were asking some of the more poignant questions.