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Smart Financial Moves to Instant Issuance
November 18, 2009
The $415 Million Smart Financial Credit Union has rolled out instant issuance for debit cards....
Billionaire Buffet Part of $500 Million Small Biz Program
November 18, 2009
Credit unions could be part of a new $500 million initiative to bolster small businesses through a program created by Goldman Sachs Group Inc. and co-chaired by billionaire Warren Buffet. ...
Credit Unions a Noted Presence at Realtors Convention
November 18, 2009
Credit unions are having a strong showing at this year's convention of the National Association of Realtors....
Housing Starts Fall
November 18, 2009
In another sign that the economy hasn’t completely turned around, housing starts fell 10.6% in October, following two months of increases, according to a report issued today by the Commerce Department and the Department of Housing and Urban Affairs....
Matz Urges Frank to Exclude Credit Unions From Systemic Risk Fund
November 18, 2009
Mandating that credit unions pay into a fund aimed at rescuing large financial institutions isn’t equitable and would hurt credit union members, NCUA Chairman Debbie Matz wrote in a letter to House Financial Services Committee Chairman Barney Frank....
On-Site Coverage: CUs Exist to Serve When Markets Fail
November 17, 2009
LAS VEGAS — Serving consumers when the markets fail is the reason credit unions exist, Callahan and Associates President/CEO Chip Filson told California and Nevada Credit Union League annual meeting attendees this morning in a general session....
Pollack Touts Consumer Friendly Overdraft Program
November 17, 2009
Pentagon Federal Credit Union President/CEO Frank Pollack told a Senate committee today that his credit union’s overdraft protection program is completely opt in, operates as a line of credit and the cost to consumer is fully disclosed....
On-Site Coverage: CA and NV League Speakers Predict CUs Will Gain Strength
November 17, 2009
LAS VEGAS — The California and Nevada Credit Union Leagues found a positive message with which to open the trade associations’ annual meeting: what doesn’t kill us will only make us stronger....
Nevada Bankers Hit Ensign Business Loan ‘Inexperience’
November 17, 2009
The head of the Nevada Bankers Association found last Friday’s takeover of troubled Ensign Credit Union of Henderson by a Dallas CU “a real question mark as to whether credit unions should be in the business of making commercial loans.”...
PSCU Adds iPhone to mBanking
November 17, 2009
Mobile banking applications for the widely used iPhone and iPod Touch devices are now being offered by PSCU Financial Services....
Royal Purchase of Bank Branches is ‘Outstanding Deal’
November 17, 2009
Calling his purchase “the largest that I know of between a credit union and a bank” the president/CEO of the $1 billion Royal Credit Union of Eau Claire, Wis. forecast the buyout of 11 AnchorBank branches will take 18 months to complete. ...
NCUA and Other Regulators Issue Privacy Form
November 17, 2009
A form that allows consumers to limit how much information credit unions and other financial institutions can share with others, has been approved by the NCUA and seven other regulatory agencies....
Fair Isaac Rolls Out New Credit Scoring Service
November 17, 2009
Fair Isaac Corporation., the company that developed and markets the FICO credit score, has rolled out a new subscription service that it said will help credit unions better measure borrower risk in the current economy....
Trades Endorse Amendment to Limit Systemic Risk Fund
November 17, 2009
CUNA and NAFCU are urging members of the House Financial Services to approve an amendment that would essentially exempt all credit unions from having to contribute to a proposed Stabilization Resolution Fund....
‘Rally Towel’ Soaks up Attention for Clearview
November 17, 2009
Clearview Federal CU is generating a little good will with the college crowd this fall distributing free “rally towels” to students or fans showing a ticket stub for an athletic event at nearby Robert Morris University of Pittsburgh. ...

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