Roughly two years after initially losing, an appeals court breathed new life into 14 credit unions’ hopes to recover some of their losses from an enormous 2008 card data breach.
Shoring up qualified mortgage safe harbor provisions could require credit unions to double down on their traditional strengths and sharply improve documentation, according to legal experts.
Opinions sometimes differed, but experts told Credit Union Times they agreed that despite continuing challenges posed by regulators and the economy, America’s credit union movement has an excellent prognosis.
The number of credit unions that have been hit by lawsuits alleging patent infringement keeps growing.
Fortunate is the word Tamara Langton, vice president of business transformation at the $2.2 billion Coastal Federal Credit Union, said sums up her leadership journey so far.
Diana Dykstra still remembers her first day at The Golden 1 Credit Union. The former Bank of America employee was hired in August 1982, the very day California’s second-largest credit union reached $200 million in assets.
Providing no additional details, an employee at AOD Federal Credit Union told Credit Union Times on Sept. 9 that Richard Simonton is no longer the cooperative’s president/CEO.
The $318 million Belvoir Federal Credit Union in Woodbridge, Va. hosted one week of casual dress in which employees donated $3 per day or $10 for the week for the privilege.
Perhaps it’s the lack of teleprompters or the relatively small room, but this year’s NAFCU Congressional Caucus provided intimate, and at times revealing, speeches from lawmakers.
Linking traditional methods of tracking member behavior with innovative strategies centered directly in the social media space is a balance many credit unions continue to strive for in their marketing efforts. Add in newer advances such as content marketing, and the landscape widens to emphasize a shift toward more informational,...
The age of advertising is safely behind us. Members are overwhelmed by too many marketing messages, and have learned to tune it all out. However, don’t take that as a suggestion to reassign your credit union’s marketing staff to the teller line.
The old saying about assumptions may be applicable when it comes to how well credit unions know their members.
Start discussing social media and the talk quickly turns to its merits or lack thereof. Despite their perceived hurdles, with a little strategic creativity, some credit unions have managed to strike the right balance.
This infographic takes a look at how well social media is integrated into marketing strategies.
In taking steps to provide federal credit unions with derivatives authority as an additional tool to manage interest rate risk on the balance sheet, the NCUA demonstrated flexible thinking in evaluating its rules. That is to be commended.
It was with great sadness that I read of the passing of “Volunteer Extraordinaire” Al George. As someone who started out his credit union career more than 30 years ago in San Diego, I first met Al at a chapter meeting in the early 1980’s. It seemed as if he’d...
If the credit union system learns anything from the tremendous grassroots and social media outreach being driven by the Don’t Tax My Credit Union campaign, it’s this — credit union members care about their membership.
The $776 million St. Mary’s Bank of Manchester, N.H., recently named Nancy Boilard its indirect business development officer. Boilard will work to increase the nation’s first credit union’s indirect lending portfolio, developing new contacts and maintaining current relationships with participating dealers. Boilard most recently was indirect lending manager at the...