Credit unions in California and Oregon enjoyed a surge of new members on Bank Transfer Day, as well as on the days leading up to Nov. 5. To encourage new member signings, some CUs kept branches open during extended hours while others marketed Bank Transfer Day promotions.
Brett Martinez understands that the real, meaningful work starts after a new member joins a credit union.
The initial NCUA-sponsored bidders conference for corporate credit unions interested in possibly acquiring all or parts of the failed Western Bridge corporate credit union was a month ago and now questions are circulating among credit unions about probable next steps.
Despite a lingering lending slump, several credit unions managed to grow their loan portfolios by more than 5% during the Great Recession.
While the newly launched Consumer Financial Protection Bureau has received considerable attention and criticism, the focus for most credit unions is on the NCUA’s Office of Consumer Protection.
Credit unions should set aside between 8 and 11 basis points for next year’s assessment to pay for the corporate credit union rescue, NCUA Chairman Debbie Matz advised last week.
Longtime customers of Thrivent Financial Bank, an Appleton, Wis.-based bank with credit union roots, may experience confusion and feelings of déjà vu in the coming months as the bank returns to being a credit union.
A lawsuit filed more than three years ago arising from a dispute over a credit union to bank charter change attempt is still dragging on through the Texas courts and promising depositions of many involved in the charter change business.
GREENBELT, Md. — It would stifle innovation and result in the agency having to evaluate things that it doesn’t know about.
One of the National Credit Union Foundation's more unusual grants this year went to the 28,000-member $201 million asset Carter Federal Credit Union, headquartered in Springhill, La. The foundation provided $25,000 for the credit union to produce financial education trailers that will run before movies at a film camp popular...
At press time, the fate of the credit union tax exemption was still up in the air.
Big news has been popping up all over the credit union industry, and while I’ve written about these topics before, they deserve follow up and re-examination.
Having failed at retirement, John Landis figured he might as well engage again in what he calls the “intellectual challenge” of creating, selling and supporting a new core processing system for credit unions.
oFlows Inc., a San Francisco-based provider of paperless origination solutions for credit unions and banks, has been sold to online account opening pioneer Andera Inc. of Providence, R.I.
A new online banking presence is now in place at Xceed Financial Credit Union after the El Segundo, Calif., completed what it called its “Extreme Makeover: Online Banking Edition.”
Stanford Federal Credit Union is replacing its 12-year-old core processing system from Open Solutions Inc. with the company’s flagship DNA solution, the company and credit union said.
Twenty credit unions have joined the JHA Payment Processing Solutions client list in the recently ended fiscal year at Jack Henry & Associates, the company said.
More than 200 credit unions are now expediting account openings and loan closings with electronic signature software from Seattle-based DocuSign, the company said.
Harland Financial Solutions and Harland Clarke have launched a new person-to-person payments solution targeted to their client base of more than 11,000 banks, credit unions and other financial services.
The 39,000 members of the $298 million GCS Federal Credit Union in Granite City, Ill., will be offered the online personal financial management tools from Geezeo, the company and credit union said.
A new e-statement module is saving the $116 million North Shore Federal Credit Union in Grand Marais, Minn., about $900 a month, said the credit union’s online banking vendor, AgilityFour of Dandridge, Tenn.
Phishing attacks have soared as a result of the re-emergence of the Avalanche gang , according to Internet Identity, a Tacoma, Wash.-based Internet security specialist.
Credit Union Times recently published my letter [Oct. 12, page 30] where I argued that interfering with any credit union’s internal governance is an ugly business and is not proper behavior for a trade association.
The NCUA’s financial literacy regulation for board members seeks to ensure that those delegated to carry out the operations of the credit union have the necessary skills, knowledge and experience. In addition, directors must understand essential accounting principles and correctly interpret their credit union’s balance sheets and income statements. These...
Carla Decker can thank James Madison. When she raises her right hand this week before her confirmation hearing at the Senate Banking Committee, she will continue a tradition that dates back to the 18th century.
There’s a special kind of member we’ve heard a lot about recently. They’re the types who come in for a car loan or a credit card or, more recently, move their money from a big bank to a credit union. And after that initial transaction, they go quiet.
If the marketing call to action for 2011 has been loans, then looking at common challenges through a new lens will be equally important in 2012.
More and more credit union marketers have been taking a second look at their existing membership to find ways to deepen those relationships.
New primary and consumer-focused websites have been launched by the NCUA.
A marketing tool wrapped around a calculator on its website helped the $690 million Congressional Federal Credit Union generate just more than $1 million in new loans in eight weeks.