With the Occupy Wall Street movement recently crossing the one month mark, it remains to be seen if any of the protestors’ list of frustrations will be addressed and acted on.
For what may be the first time ever, a credit union has become the biggest source of housing finance for a major metropolitan area in the U.S.
Calling it a net plus for the consumers and the housing market, Affinity FCU President/CEO John Fenton urged lawmakers to ensure that any changes in the housing finance system don’t jeopardize the existence of the 30-year mortgage.
Now comes the hard part. As tumultuous as the House subcommittee hearing on raising the cap on member business lending was, the really difficult battle will take place in the months ahead.
Commercial loans from two credit unions will provide the financing for the construction of a new hotel development that will eventually employ hundreds of residents of Pensacola, Fla., according to one of the credit unions that made the loans.
It’s no surprise that lending has been in the doldrums for many CUs the past few years but there could be an unexpected jolt triggered by fervor surrounding Bank Transfer Day Nov. 5.
The National ATM Council and assorted independent ATM deployers have filed an anti-trust suit against Visa and MasterCard.
Veteran credit union technologist and operations chief Rudy Pereira said he’s moving from one good place to another.
Picture an online community where credit unions and banks peacefully coexist. Users from each type of institution can log in and share useful banking-related information, such as written policies and training materials, which other users download and review completely free of charge.
When Rep. Tim Scott (R-S.C.) was a board member at Heritage Trust FCU, he and his colleagues were focused on expanding the reach of the credit union and seeing how it could best serve its members.
As the new president/CEO of the World Council of Credit Unions Brian Branch has hit the ground running since stepping into the role following Pete Crear’s retirement.
The sweet spots nestled in some credit union business lending portfolios may be turning sour.
There are lots of ways for credit unions to go about improving member experiences, growing member referrals and increasing their average number of products per member.
Credit union mentor programs are demonstrating their value in developing the next generation of leaders.
Some may call it a convergence of three game-changing forces that are rewriting financial institution security at warp speed.
If a new report is any indication, online banking adoption appears to have reached its limit.
Nov. 5 has been proclaimed Bank Transfer Day. This public groundswell against Bank of America’s $5 debit fee is a true national movement that aligns well with the credit union mission and credit unions need to hitch themselves to that wagon. Is your credit union prepared?
The recent public exchange between the Wisconsin Bankers Association and the Wisconsin Credit Union League over member business lending sounds a lot like what has been going on in our nation’s capital for months. A stalemate between two parties who argue they can do it better, yet no one gets...
As global cash flow has become more of a necessity than an option, the majority of financial institutions are now performing some type of combined ratio analysis. The issue lies in the fact that there are several methods of global cash flow analysis being used. And some lead to erroneous...
Transformations in the mobile banking arena will be a hot topic among credit unions in 2012. According to Morgan Stanley, within five years, the number of mobile Internet users will surpass the number of desktop Internet users.
Grzegorz Bierecki, president/CEO of the National Association of Cooperative Savings & Credit Unions, Poland's credit union trade association and a member of World Council of Credit Unions can add parliament member to his growing list of accomplishments.
Kellogg Community Federal Credit Union of Battle Creek, Mich., spent the month of October celebrating its 70th anniversary. “70 Years of Smiles” was the theme developed to promote this milestone to members as well as nonmembers. KCFCU has been drawing winners for $70 Target gift cards, and one lucky...
More than 1,000 credit unions now have their credit card offerings listed on CreditCardConnection.org, a website dedicated to helping consumers find credit union-issued cards.
PayPal has announced a deal with ATM manufacturer NCR that moves it more deeply into the payments arena. The predominantly online and mobile phone based payments company announced a suite of services aimed at the retail sector last month.
Consumers spent more on their credit and debit cards in September 2011 than they did in the same month last year, according to card processor First Data. But the firm credited inflated prices for the increase rather than an increase in purchases.
First Community Credit Union, Beloit, Wis., announced that the members of Rock County Employees Credit Union, Janesville, Wis., have voted to merge their credit union into First Community Credit Union.
David Root, owner of Root and Associates, has been named chief executive officer of Coventry Credit Union, Coventry, R.I. Root, at CPA, has been Coventry Credit Union’s independent auditor for the past 20 years. He replace
United Teletech Financial has scored well above its goal to save members $1 million. The credit union’s campaign, the “Million Dollar Community Challenge,” started at the beginning of the summer and challenged members to unite to save a million dollars in interest. The goal was surpassed as members saved more...
Public Service Credit Union, Denver, recently announced that residents of Adams and Weld counties are now eligible to join PSCU. Building on an existing Larimer County community charter, the addition of these two community charters opens up membership to more than 900,000 people.
As nonprofits continue to struggle, Advantis Credit Union has figured out a way to make a real difference in the communities it serves with GROW: the Advantis Community Fund.
Four more credit unions have become owners of Grand Rapids, Mich.-based core processor CU*Answers and affiliated CUSO Xtend Inc.
After rejecting its initial bid this summer, S1 Corp. has agreed to be acquired by ACI Worldwide Inc., the electronic payments and online banking companies said.
Thirty-seven credit unions became new users of Symitar core processing platforms in the past year, according to Jack Henry & Associates Inc.
Coopera and The Members Group are now offering a prepaid card created specifically for underbanked Hispanics.
The 159,000 members of the $1.7 billion NEFCU in Westbury, N.Y., can now choose to protect their online banking presence with the use of Trusteer Rapport cybercrime prevention software, the company and credit union said.
Portal provider Passageways LLC said a pair of Michigan credit unions has become the 250th and 251st users of portal solutions from Passageways LLC, the Indiana-based CUSO said.