According to recent reports in The Wall Street Journal and other publications, Hawaii’s tourism economy is experiencing a big wave of double-digit increases in visitor arrivals and spending over the past year. However, Hawaii credit unions reported a flat return on average assets during first-quarter 2012, according to the NCUA’s...
The decline and demise of well-known retailers such as Blockbuster, Kodak and free-standing bookstores offers proof of just how rapidly industries are shifting to keep up with consumers’ needs and wants.
Walmart advanced further into the financial services arena last week with a new product it will offer in conjunction with American Express.
Over the past couple of weeks, bits and pieces have leaked out about a new commercial loan pilot program from Amazon Inc. and how the online retail behemoth’s entry into the small business lending could put credit unions, banks and other lenders on high alert.
WASHINGTON — Keynotes by Sir Richard Branson, the $4 billion Virgin serial entrepreneur, and global strategist Jonathan Salem Baskin. Panel after panel on mobile banking, peer-to peer-payments and the rules of engagement with social media. A tentative obituary for near field communication, an innovative payments technology around which enthusiasm seems...
U.S. Magistrate Judge Margaret A. Nagle has denied the NCUA’s motion to prevent former Director of the Office of Corporate Credit Unions Kent Buckham from giving a deposition to former WesCorp CEO Robert Siravo’s defense attorneys in the ongoing case that was originally filed by seven former WesCorp member credit...
The question of whether or not the Federal Reserve went far enough or too far in capping debit card interchange in accord with the Durbin amendment went before a U.S. District Court Judge recently.
If you offer health savings accounts, chances are baby boomers will be familiar with key basics before they approach the credit union.
Occupy movement activists in San Francisco first announced plans for People’s Reserve Credit Union, an in-the-works cooperative designed to serve local communities and take a stand against the city’s for-profit banks, in November 2011. The project is now well under way, with board and advisory committee meetings taking place and...
Just like the 14,000 member credit unions it supports, the World Council of Credit Unions in Madison, Wis., must intermittently reevaluate its structure and programs in order to best meet the needs of those it serves.
At the Credit Union Enterprise Risk Management conference earlier this month, a senior official at the NCUA declared that the agency is taking a more qualitative approach rather than quantitative in its examinations. Tim Segerson, deputy director of the Office of Examination and Insurance, acknowledged that credit unions that don’t...
Keep calm and carry on” is not just a saying on a coffee mug but how Michele DeBuhr, vice president consumer credit administration at Portland, Ore.-based OnPoint Community Credit Union lives.
As a financial adviser specializing in retirement planning and retirement income planning, I work every day with baby boomers. So, I am acutely aware of members’ concerns about the current economy and its impact on their future needs.
With interest rates at historic lows and economists and the Fed forecasting they will remain there, it is becoming harder to ignore the effects this is having on balance sheet margins. And a decelerating growth rate of U.S. GDP and slowing demand from businesses related to real estate will continue...
This past month at the Credit Union Leadership Forum’s Edu-Leader Leadership Learning Series we focused on innovation, which can be one of the most challenging issues for credit unions.
NASHVILLE, Tenn. — It was literally game on at the CU Water Cooler Symposium.
NASHVILLE, Tenn. — Thinking on a larger scale was the overarching message of Brent Dixon’s session that kicked off the CU Water Cooler Symposium.
NASHVILLE, Tenn. — Forget about branding, storytelling or whatever the next marketing trend may be.
An Oct. 5 settlement arising out of the showdown between the $600 million Vermont State Employees Credit Union and its state regulator over use of the word “bank” in advertising leans in the credit union’s favor.
The National Credit Union Foundation has teamed up with one of the largest financial think tanks in the country, the Center for Financial Services Innovation, to find a big idea to fund this year.
Fans of professional hockey may be bemoaning the National Hockey League’s lockout. But that’s not the case in southwest Michigan where the Consumers Credit Union and its members–a good number of them big hockey fans– are looking forward to another season of minor league hockey with the Kalamazoo Wings team.
The Ledge Light Federal Credit Union announced its new name, Scient Federal Credit Union. Along with the new name, the $229 million credit union in Groton, Conn., also is introducing a new identity and a website.
NAFCU said its CULookup.com site now includes a secure deployment option for its financial calculators for credit union websites.
CU Direct Corp. announced last week the purchase of key assets from Lifestyle Lending Solutions, a retail and medical lending firm.
Black Hills Federal Credit Union, based in Rapid City, S.D., has merged with CR Community First Federal Credit Union of Eagle Butte, S.D.
Unitus Community Credit Union of Portland, Ore., lost longtime board member last week when as Barbara Leonard passed away. Leonard had served on Unitus’ board of directors for more than 20 years, including a term as board chair. She was 65 years old.
The Credit Union League of Connecticut, Meriden, Conn., said the board of trustees of its Connecticut Credit Union Charitable Foundation has voted unanimously to support the development of Fisher House Connecticut, a home away from home for military families whose service members are receiving medical care. The national Fisher House...
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