Credit Union Times Magazine September 25, 2013
The fight between the City of Richmond, Calif. and 624 mortgage lenders continues, as the city attempts to obtain the loans through eminent domain.
It was late January when the Brookfield, Wis.-based Fiserv rocked the core system universe, announcing it had acquired competitor and DNA core architect Open Solutions for roughly $1 billion, much of that in debt assumption.
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More credit unions said they saw improvements last year in the NCUA examination process, but experienced a decline in their examiners’ capabilities, according to a survey published in the September issue of NAFCU’s monthly Economic & CU Monitor newsletter.
A credit union helped a small-time baker grow from delivering home-baked goods to parties and weddings to placing Bundt cakes on regional grocery store chain shelves with a microloan of less than $50,000.
Technology taking credit union boardrooms by storm.
Despite receiving a Herb Wegner Lifetime Achievement Award for a career at one of the country’s largest credit unions, Gary Oakland said he most vividly remembers working with small credit unions and supporting the financial education program BizKid$.
Effective Jan. 10, 2014, mortgage lenders will be required to write their loans in compliance with new regulations from the Consumer Financial Protection Bureau. The transition could be easier on credit unions than the CFPB’s 3,500 pages of requirements suggest.
Just because you're paranoid, doesn't mean The Man isn't out to get you.
The first loan participation Pen Air Federal Credit Union was involved in teamed the cooperative up with a regional bank.
It used to be that credit unions were only trying to compete with traditional banks, which was competition enough. In today’s mobile and digital world, they are now up against nontraditional players such as Amazon and Walmart vying to sell financial services to consumers in a quick and easy format.
For years, I have played golf with credit union CEOs and their executive teams all around the country. I’ve watched them play 18 holes, shake hands at the conclusion of the round and head home for the evening saying, “Wow, that was better than any day at the office.”
A Sept. 11, 2013, story in Credit Union Times (Small Business Owners’ Plea to Credit Unions: Earn My Business) reported on a focus group of small business owners, who generally concluded that credit unions are having a hard time serving their needs compared to banks.
Elevations Credit Union President/CEO Gerry Agnes spotted partially blue skies the morning of Sept. 16, a welcome sight after Boulder, Colo., and surrounding communities were devastated by epic flooding.
Consumers have returned to payment patterns that were typical before the Great Recession, according to one of the three nationwide credit reporting bureaus.
Patrick Conway, named the new president/CEO of the Pennsylvania Credit Union Association on Sept. 18, told Credit Union Times he has a lot to learn about the credit union industry. However, he said he already intends to take PCUA’s priorities—advocacy, compliance and member services—to the next level.
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