Credit union industry executives agree with new research that suggests young adults carry less credit card risk than their elders.
Most members don't trust financial advisers at their credit unions because they may not know they can get quality investment advice at their local cooperatives.
Credit unions should train employees to look for triggers that would require disclosures and terms mandated by the Home Ownership and Equity Protection Act, said presenters Oct. 16 during a CUNA Mutual webinar.
A last-minute deal that avoided a federal default spared credit unions from having to re-evaluate U.S. Treasury bond values on their books, a calculation other financial institutions had begun to make.
Board Member Richard Metsger sat down with Credit Union Times Oct. 15 at the NCUA’s Alexandria, Va.-based headquarters. President Obama nominated Metsger, a former Oregon state senator, to the NCUA board in May. He was confirmed by the U.S. Senate and was sworn in Aug. 23. Metsger served on the...
Mississippi credit union uses iPad to onboard new members, make loans and more, all on the road.
MoveCU.com, a credit union shopping website and lead generator that debuted at the 2013 Marketing Association of Credit Unions conference in Las Vegas, recently announced the formation of a strategic alliance with several companies that provide products and services aimed at the coveted Gen Y demographic.
Despite potentially more complications, lengthier time lines and higher risks, more credit unions have begun financing the construction of new homes.
Credit Union House announced on Oct. 14 that it is on track to exceed last year’s number of visitors with more than 2,500 individuals welcomed so far this year.
The NCUA announced Oct. 15 that its donations to an annual food drive by federal employees was up nearly ten-fold from last year.
Comment letters responding to an NCUA proposal to create a Dodd-Frank mandated Minority Depository Institution preservation program generally support the effort, but some question the costs and need to create a new program.
After almost 10 years covering credit union news, sometimes it seems the same topics come up over and over. Not this week, as new industry issues graced the front page of our paper.
It happened. It took a bit longer than expected, but it happened. After 30 years of declining long-term interest rates in the United States, credit union executives may have witnessed the “bounce off the bottom” in the past few months.
As consultants in the credit union movement, we often hear, “Our CEO is planning to retire in five years, and we haven’t put any kind of retirement program in place. What can we do now?”
A combination of increasing consumer confidence and less-aggressive financing incentives from manufacturers continue to help credit unions grow their vehicle loan portfolios.
At least one ratings agency has approved a move by private equity firm KKR & Co. and other investors to inject another $300 million into First Data Corp., a major payments processing firm used by both credit unions and banks.
The NCUA on said Oct. 15 its donations to an annual federal employee food drive increased nearly ten-fold from last year.
Federal banking regulators, including the NCUA, are proposing a rule aimed at encouraging flood insurance customers to buy private flood insurance. The rule is mandated by the Biggert-Waters Act of 2012.
The top 25 mortgage lenders recently reported only 29,912 preapprovals resulted in mortgages used in a home purchase in 2012, according to data from the Federal Financial Institutions Examinations Council. That figure is down from 101,626 in 2007.