The board of directors of $1.5 billion Technology Credit Union has written the CU's 74,000 members that they may be better served by converting the credit union to a bank.
The issue of revenue that banks and credit unions make from transactions on their debit cards moved from the obscure corners of the financial services industry into the national spotlight last week as the Federal Reserve's debit interchange cap came into effect.
NCUA examiners didn’t follow up on many documents of resolution and as a result gave better CAMEL ratings to some credit unions than they deserved, according to a report by the agency’s Office of Inspector General.
Months after their victory over banks and credit unions on the debit interchange issue retailers are gearing up to fight another battle.
While the credit union model is the most effective one for helping middle-class citizens improve their financial health, government officials should enact policies to enable credit unions to do even more, Wright-Patt CU President/CEO Doug Fecher told a Senate panel.
On a party-line vote, the Senate Banking Committee voted to confirm former Ohio Attorney General Richard Cordray to be the first director of the Consumer Financial Protection Bureau.
Federal agents have seized the accounts at a Sacramento-area credit union of two businesses that dispense marijuana to people with a doctor's prescription, according to court documents.
When signs started pointing to a possible repeal of the military’s don’t ask, don’t tell policy, Hanscom Federal Credit Union had been thinking about ways to reinforce its long-term policy on inclusion.
Innovation, creativity and, most importantly, action all merged together at the CU Water Cooler Symposium held at the FORUM Conference Center in Fishers, Ind.
Uncontrollable environmental factors such as stiff competition, low loan demand and regulatory changes have posed challenges for CUs looking to grow. But some are managing to do just that. Here’s how three credit unions, two in Oklahoma and one in Iowa, achieved growth in the midst of a recession.
An innovative community development credit union that serves the greater New Orleans area is one of 12 financial institutions to receive federal grant money to help improve the quality of food in their areas.
The $540 million Great Lakes Credit Union in Illinois has had a big year in mergers–four of them–and its latest of the long-troubled Federated Family CU provides Great Lakes first entry into Wisconsin.
The roughly 73,000 people who live in Wilmington, Del., will likely have another financial institution to choose from later this month when the first CU chartered in 2011 opens its doors.
At the heart of a new program from the World Council of Credit Unions is a two-fold plan to attract younger members and develop leaders.
When Technology Credit Union posted its announcement that it was exploring a conversion to a mutual savings bank, CUNA and the California Credit Union League made some noise. CUNA CEO Bill Cheney said his organization feels credit unions are the best providers of service to consumers.
Maybe NCUA Chairman Debbie Matz is thinking of joining the circus.
As I reflect on my travels to over 20 cities in 2011, I am struck by a conversation I’d like to share with you. Upon arriving late one evening in Las Vegas to speak at a credit union conference, I asked the cab driver, “How’s business?” I heard a profoundly...
When it comes to renting vs. buying, you might separate Gen Y into two categories: those who seek spontaneity and those who seek stability.
Many of us wish we had a crystal ball we could use to provide us with the answers to many of life’s questions. In many respects, our members feel the same way.
The viewpoint expressed by Claude R. Marx in the Sept. 21 issue [Marx on Capitol: “Need More Moneyball, People Power”] makes some strong points as to how credit unions might achieve their longtime goal of raising the member business lending cap.
There would appear to be disproportionate anguish in some credit union circles about the recent announcement that Technology Credit Union is considering changing its charter to that of a mutual savings bank.
A credit union investment CUSO is positioning its investment options for increased business as it anticipates an early redemption by Western Bridge of more than $4 billion in CDs by Oct. 3.
Over the next 12 months, small businesses will receive their share of $30 million in grants from the SBA to help their exporting efforts.
Ventura County Credit Union saw record financial growth in the second quarter.
The new executive committee and officers for the CUNA Operations, Sales & Service Council were announced during the council’s 14th annual conference in San Antonio. The new committee members are the result of the most recent annual election by the council membership in the months preceding the conference.
AFTRA-SAG Federal Credit Union President/CEO, Alfred Dutra, said he plans to retire Jan. 1, 2012.
The National Labor Relations Board recently intervened in a case to resolve complaints from employees who were fired after commenting on co-workers via social media.
TEFCU is hoping its new CD program will light a fire for members who want to invest in their children’s futures.
U.S. Savings Bonds will no longer be sold in paper form after Dec. 31, 2011, the NCUA is reminding credit unions.
At recent gathering with Minnesota legislators, raising the member business lending cap was among the topics up for discussion.
After posting near-record asset growth in three of the last four years, Fort Knox Federal Credit Union, Radcliff, Ky., is now the largest Kentucky-based CU with more than $1 billion in assets, the credit union announced last week.
Like some financial advisers after the 2009 merger of brokerage giants Morgan Stanley and Smith Barney, Michael Salardino said he had grown frustrated with the changes the trillion-dollar consolidation brought on.
Over the past six years, credit unions have seen a recovery in the investment services channel in light of market turmoil.
Chartway Federal Credit Union approaches mergers like a very careful matchmaker.