A small surge in the use of cash and the popularity of ATMs, especially fee-free ATMs, may be among the unintended consequences of the financial reform act that President Obama signed into law earlier this year.
The NCUA Board, serving as conservator plaintiffs in the Western Corporate FCU lawsuit, filed an amended complaint
The Federal Reserve Board has reached out to credit union trade associations as part of its first steps toward crafting a cap on debit card interchange.
In labyrinthine San Francisco, taxi cabs are always in high demand to help tourists and residents navigate the city's tight spaces.
In some credit union circles, it remains a taboo subject: making the decision to sever relationships with those members who have dormant, low-fund accounts that have become too expensive for the credit union to maintain.
A report from an economic advisory panel to the Obama Administration broke into the usual late summer political doldrums last week and returned credit unions to the perennial tax debate again.
U.S. District Judge Lynn Adelman dismissed the $1.8 billion Corporate Central CU's case against conserved U.S. Central FCU and the NCUA.
The CUNA CEO's compensation package drooped last year while NAFCU's rose, IRS forms stated.
Kenneth Feinberg, the Obama administration's claims czar on the BP oil spill, has now heard directly from Southeast credit unions that they're ready to provide check assistance to the victims and are hoping a loan guarantee plan can be set up.
More than two years since New London Security Federal Credit Union was liquidated after alleged investment fraud led to its
It's out with paper board packets and in with iPads at OMNI Community Credit Union.
Three months after Sperry Associates Federal Credit Union signed a letter of understanding and agreement with the NCUA to repair troubles within its loan program,
Texas Dow Employees Credit Union wasn't sweating the Aug. 15 Reg E overdraft opt-in deadline.
The Maryland and D.C. Credit Union Association has endorsed the challenger in the current race for mayor of the District of Columbia.
After serving in the acting role since Aug. 1, REALTORS Federal Credit Union has named Jane Pannier its new president/CEO.
Diana Dykstra, president/CEO of the $670 million San Francisco Fire Credit Union, has been selected to lead the California and Nevada Credit Union Leagues, the organizations recently announced. She will begin her new role as president/CEO on Oct. 18.
From the Twin Cities to St. Louis, the pace of credit union merger deals in the Midwest was steady this month.
The re-opening of a Credit Union of Atlanta branch to serve in a historic and underserved area downtown here was one project the late President/CEO Dean Gaymon was working on before he passed away in July.
Superior Credit Union has taken its pet-friendly policy to a new level. Whether they have fins, feathers or fur, pets can have accounts at the Collegeville, Penn.-based credit union.
The Wisconsin Credit Union League is once again calling out bankers, this time on their claims that credit unions are not doing enough to serve the underserved.
The U.S. Treasury Department's Community Development Financial Institutions Fund has announced it will make almost $13 million available to qualified community development credit unions.
Every day criminals are finding new ways to commit acts of fraud and to steal information from consumers and financial institutions.
As the fall campaign season kicks into high gear, CUNA's political action committee has $1 million in its coffers for upcoming political activities.
The Utah League of Credit Unions has a new public face and brand: it's now the Utah Credit Union Association and online it's simply utahscreditunions.org.
CUNA Mutual Group Ireland hosted 50 credit union managers and directors, as well as Ireland's credit union regulator, legislators and industry trade organizations, during a "Future of Finance" conference in Dublin, Ireland.
Why would a credit union want to offer little-known, highly specialized accounts that often carry very small balances, could sit on the books for more than a decade, and aren't a real profit center?
NCUA wants credit unions to exercise significant care when making loans in partnership with third-party vendors or organizations.
Iowa credit unions contributed dollars and relief help to aid victims of the July 24 flooding at Lake Delhi dam and on the Maquoketa River.
Credit union owners and clients of ProDraft Services Inc. will have access to correspondent banking services through the CUSO's partnership with Cincinnati-based Fifth Third Bank.
Deposit rates tend to fall when unemployment rates are high, according to an analysis that looked at trends over the past 10 years.
CUES has teamed up with Geezeo to offer personal financial management tools to credit unions.
PSCU Financial Services and Legacy Member Services, an Alabama-based check product provider, have formed a referral partnership for small business checking services and other solutions.
The $1.5 billion Baxter Credit Union has signed on with CUSO Financial Services LP for broker-dealer services.
Before it fell vacant a year ago, the prominent property in Mattapoisett, an old Massachusetts shipbuilding town, had always been occupied by a bank?most recently Sovereign Bank.
The Homes for Our Troops charity will gain from a golf promotion that pairs soldiers and executives from the $150 million Mid Missouri Credit Union.
Financial Service Centers Cooperative added a second location in Southern California's high desert region, deploying a Vcom terminal July 26 in an Apple Valley, Calif. 7-Eleven store.
Natural and man-made disasters, technical interruptions, security breaches and theft all pose threats to the data that keep credit unions running.
Hudson River Community Credit Union, Corinth, N.Y., announced that CEO Susan Commanda will serve a one-year term on the Community Credit Union Committee.
American credit unions aren't subject to international capital requirements, but changes to these requirements could prompt the U.S. government to allow supplemental capital.
The $2 billion SEFCU credit union, headquartered in Albany, N.Y., has purchased an area mortgage origination firm to expand its mortgage offerings.
Frank Nelson, president for the last year of the $220 million 1st Financial Federal Credit Union, Wentzville, Mo., has been promoted to CEO. He replaces Nina Pilger, who left the CU last month.
NCUA Board Chairman Debbie Matz will hold a town hall meeting with Oregon credit union executives and will address
Cardinal Community Credit Union has tapped former KPMG Peat Marwick Senior Manager Christine Blake to be its new president/CEO.
State Employees' Credit Union members have once again demonstrated the value of credit unions by helping make a new cancer center in Western North Carolina a reality.
Credit Union Times has added a new member to its team. Marygrace Murphy has joined the staff as assistant editor starting Sept. 7.
If accounting rules are preventing NCUA from successfully separating toxic assets from corporate balance sheets without
Excess liquidity, low term deposit rates and a changing corporate network have boosted the two-year-old Accolade Investment Advisory, LLC to $905 million currently under management.
The $3.6 billion Corporate America Credit Union announced Aug. 30 that it has hired Ben F. Hayley as general counsel. He will report to CEO Thomas Bonds.
Registration is on pace compared to previous years for the $2 billion First Carolina Corporate Credit Union's annual Financial Conference next week.
The $8.9 billion Members United Corporate FCU reported a $4.6 million net loss for July 2010, driven by $8 million in new other-than-temporary-impairments from its latest investment review.
Provided the NCUA releases its final corporate rule in September, the $1.4 billion Virginia Corporate FCU will add a session to its Oct. 13 Financial Strategies Conference in which it will unveil its new business plan.
Following a strategic planning session in 2005, America's First Credit Union-then boasting just above $600 million in assets-set a goal of reaching $1 billion within five years.
The taxation issue brought up in a report by a quasi-administration panel is as much rite of passage into budget season as a learner's permit is to a nearly 16-year-old.
I am sad to say that after almost three years at Credit Union Times this will be my last Gen Y Back Talk column.
Credit cards led the way in what was overall very weak credit union loan growth in the second quarter, according to data reported to the NCUA.
Merger is a dirty word in the world of small credit unions-the definition here being under $10 million-and frequently relating to church credit unions that may or may not be community development credit unions.
I read your Aug. 18 editorial, "Women's Issues Are Not Just Women's Issues," with great interest.
2007 was 10 years ago. I know mathematically that is not true. However, in terms of American cultural evolution 2007 was 10 years ago.
Maine credit union members who use iPhones now have access to an app that can help them locate surcharge-free ATMs nearby.
Credit unions belonging to the Allpoint network will now be able to offer their members fee-free ATM access at 800 Kroger stores across the country, according to Allpoint owner Cardtronics, the largest independent ATM deployer in the country.
Repeated regulatory assessments, increased credit risk, drops in key revenue sources and increasing compliance burdens are all making it harder than ever for credit unions to stay healthy and continue to serve members. To meet these
Credit unions responding to NAFCU's August Flash survey reported that merchants were the leading source of the credit and debit card fraud attempts they were seeing.
A market research firm in London has reported that one-third of western European ATM markets shrank last year, a trend that some ATM analysts privately worry could happen in the U.S. as well.
With the current economic environment and recent legislative enactments, credit unions are under increasing pressure to find new sources of revenue and maximize existing sources.
A market research group that specializes in tracking card data said consumers are putting more on their credit cards now than at any time after the start of the economic downturn.
Credit Union 24, one of two nationwide credit union-owned ATM and EFT networks,
CO-OP Financial Services has announced that the $5.6 billion Security Service Federal Credit Union will join its popular surcharge-free ATM network.
The $1.8 billion CommunityAmerica Credit Union has chosen PSCU Financial Services to process its credit card, signature debit card, PIN debit card and ATM transactions, the payments CUSO has announced.
GrooveCar Inc., Hauppauge, N.Y., named Domenick Pupo director of business development. Pupo holds more than 20 years experience in the retail
Financial Center, Indianapolis, has raised more than $26,000 for the American Red Cross, contributing to the Haiti earthquake relief effort.