Quantcast
Go Search
 

CREDIT UNION TIMES DAILY NEWS

Credit unions had $240.5 billion in outstanding consumer credit in September, down from the revised figure of $241.6 billion in August, according to data released today by the Federal Reserve.
Southeast Wisconsin credit unions, which lost millions in the March bankruptcy of Central States Mortgage Co and CU Fleet apparently have reached a settlement allowing them to recover claims totaling $82 million, according to local media reports.
CUNA Mutual Group said it has closed on its purchase agreement with Producers Ag Insurance Group to become the sole owner of the crop insurer.
With the mission of sharing best practices in the business lending arena, 15 CUSOs have come together to form Regional CUSO Alliance to promote sound business loan participation activity in their local markets.
The Ohio Credit Union League is looking to form a year-end partnership with its Georgia counterpart to provide on-site compliance specialists operating on more formalized monthly contracts.
Detroit Edison Credit Union and NuUnion Credit Union announced today that they have approved an intent to merge agreement.
Regulators should “show some temperance” when examining financial institutions so that they can continue to lend money to help the economy improve,” House Financial Services Committee Chairman Barney Frank said in a letter.
Businesses cut 190,000 non-farm jobs last month as unemployment reached 10.2%, the highest rate since April 1983, the Department of Labor reported today.
The $1.45 billion North Island Financial Credit Union of San Diego, one of California’s troubled CUs, announced Thursday it has hired veteran and retired CEO John Tippets, former head of American Airlines FCU in Dallas as its new CEO.
The federal court verdict in favor of Community First Credit Union on UBIT represents substantial authority that credit life and disability insurance are exempt from the tax, according to an advisory opinion by attorneys for the UBIT Steering Committee.
A North Carolina credit union, the $238 million Piedmont Advantage, is enjoying a surge in new card business this fall as a result of a 6.9% fixed rate, no annual fee Visa card with account openings now topping 700.
Former San Diego Metropolitan Credit Union President/CEO Joseph Schroeder has found a new home at Ventura County Credit Union.
Investment advisers at credit unions and CUSOs are familiar with the litany of visits, e-mails and calls from providers, but those frequent contacts may not yield long-term relationships.
Over 100 individuals representing many different facets of the mortgage and real estate industries have been indicted for their roles in different mortgage frauds by the U.S. Attorney for the Middle District of Florida.
Philadelphia Federal Credit Union has gone first with a new Web channel that integrates its lending and other platforms with remote signature capability.


Classifieds

Credit Union Times consistently reaches executives who are looking for new opportunities in this exciting and dynamic industry. You can search our job listings by state, title or simply view them all.

Contact Martha Frechette at (213) 896-9210 Ext 251 to place your advertisement in the Credit Union Times print and online employment sections.


On The Credit Union Scene

Featured CU NEW! Digital Magazine Web Seminars
First Community CU Teaches Finance at Festival
First Community Credit Union held its first annual Fall Harvest Festival that featured interactive financial literacy games...

Read more...
Credit Union Times Digital Edition Credit Union Times Magazine Digital Edition.

We are pleased to provide the Digital Edition of Credit Union Times. You now have the ability to interact with our editorial team and loyal advertisers "real time." We trust you will enjoy the new experience!

Please click here to log in to the digital edition of Credit Union Times.

Credit Union Times Web Seminars 

Flawless Execution - How to Maximize Operational Efficiencies and Reduce Costs in Turbulent Times

Originally broadcast on March 26th

This informative web seminar will share industry perspective with case studies from Jackie Buchanan, EVP & CIO of the $1.2 Billion Genisys Credit Union and Vice Chair of the CUNA Technology Council Executive Committee, discussing merger details and how technology played into the overall decision and cost cutting strategy; and Mary Cunningham, President & CEO of USA Federal Credit Union, sharing her credit union's change in strategy to accommodate the turn in economy and their continued focus on effectively and efficiently serving their membership of military personnel.

Click here to view the archive
Credit Union Times Podcasts / RSS Feeds.   The Latest Podcasts

Subscribe to the Credit Union Times Podcast feed to be notified each time a new podcast is published. You can even listen to our podcasts directly from your news reader:


Podcasts

Sponsored by:

Credit Union Times Week of 10/26/09

CSCU Executives discuss debit card value

CLICK HERE TO DOWNLOAD PODCAST

VISIT THE PODCAST PAGE

Voting Poll

How has banks’ tightening access to credit impacted business services at your credit union?

Show Results


(c) Copyright Credit Union Times. A Summit Business Media publication. All Rights Reserved. | www.summitbusinessmedia.com