ALEXANDRIA, Va. — In what was arguably the most important meeting of the year, the NCUA board approved a 6.7% in the 2014 operating budget, no projected corporate assessment for 2014 and a final CUSO rule. All items on the agenda received yes votes of approval from all three board...
From being able to compete with banks to assuring business members that their funds are insured, there could be several long-term benefits for credit unions if a bill involving insurance coverage becomes law.
Credit unions continue to bask in the glow of their record auto lending growth, but an increase in subprime repossessions may be a cause for pause.
The case deciding whether credit unions will have to reissue their debit cards inched closer to a conclusion Nov. 20.
Two credit unions currently offering jumbo mortgage loans said they will still provide them, despite large banks in their markets beginning to aggressively price similar offerings.
Some credit unions are betting they can succeed where banks have failed.
The Consumer Financial Protection Bureau issued a final rule Nov. 20 that requires the use of new, simplified mortgage disclosure forms available in English and Spanish that detail the terms of a mortgage to homebuyers.
As another year comes to a close, credit union marketers across the country are busy working on their 2014 marketing plans. Credit Union Times asked experienced marketers who serve dozens of small, midsize and large cooperatives from across the nation to give their insights about what they expect to be...
James Robert Lay is so confident that humanized digital marketing and lead generation is the way of the future, he’s bet everything on it.
The corporate assessment era is over.
Each November, the NCUA puts forth its budget for the following year. Every year, NAFCU has steadfastly pressed NCUA to be vigilant in keeping every possible cost down.
Now that the NCUA board has approved a proposal that would require all CUSOs to file financial reports directly with the regulator and the appropriate state supervisory authority, some CEOs of member business lending CUSOs have weighed on what the the changes may mean for their operations.
There are few ideas that are discussed in credit union circles more than the need for increased and more effective collaboration. This isn’t just a recent topic of conversation. I’ve been privileged to work in our industry for more than 20 years, both in credit unions and for the leagues...
When you think about patents, what comes to mind? Pioneers like Thomas Edison, Alexander Graham Bell, and the Wright Brothers.
Sweepstakes are increasing in popularity with credit unions as key marketing tools. But, sweepstakes are highly regulated and can raise significant compliance issues.
Authorities now have permission to sell the million-dollar home of Alex Spirikaitis, the former CEO of the now-shuttered $23.6 million Taupa Lithuanian Credit Union in Cleveland.
Discover Financial Services said Nov. 18 holders of its cards will begin seeing FICO scores on their card statements. A company executive described the move as a way of helping customers better manage their finances.
According to new research from Cerulli Associates, a Boston-based global analytics firm, retirement rollover contributions reached $321 billion as of year-end 2012.
NCUA Board Member Michael Fryzel advocated for what he called the right sizing of risk-based capital rules for credit unions during a Nov. 15 speech to the American Association of Credit Union Leagues.
The NCUA submitted its first Office of Minority and Women Inclusion Annual Report to Congress Nov. 15, providing details on Minority Depository Institutions required by the Dodd-Frank Act.
The $376 million People’s Credit Union of Middleton, R.I. appointed John T. Knierim to the position of executive vice president/chief financial officer. Knierim was previously employed as senior vice president and chief financial officer at the $1.1 billion Greylock Federal Credit Union in Pittsfield, Mass. Prior to Greylock, he was...