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January 16, 2012
Credit card portfolios have had a rough go at things the past couple of years.
Even with all the media attention on credit union credit cards in 2010, they grew just 2% that year. The previous five-year trend was an annual average growth rate of 10% to 12%.
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By Michelle A. Samaad |
January 16, 2012
While it may not be much of a surprise to credit unions that some banks are not eager to approve funding for small businesses these days, the rate of rejections might cause some alarm.
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By Jim Rubenstein |
January 9, 2012
In an unforeseen management shift, Benson Porter, president/CEO of the $5 billion First Tech Federal Credit Union of Palo Alto, Calif., will be taking over the $9.7 billion BECU of Tukwila, Wash., next April, succeeding retiring CEO Gary Oakland.
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By Michelle A. Samaad |
January 6, 2012
Report author says the "big banks are sitting on their assets."
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By Michelle A. Samaad |
January 5, 2012
Be it rates, fees or the emotional aspects of their relationships, a new survey of credit union members and bank customers showed that credit unions once again came out on top.
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By Jim Rubenstein |
December 21, 2011
Benson Porter said the chance to return to his native Seattle was a major factor in his decision to leave First Tech.
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By Natasha Chilingerian |
November 13, 2011
Credit unions in California and Oregon enjoyed a surge of new members on Bank Transfer Day, as well as on the days leading up to Nov. 5. To encourage new member signings, some CUs kept branches open during extended hours while others marketed Bank Transfer Day promotions.
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By Jim Rubenstein |
November 8, 2011
Phoenix CU says local media wasn't paying attention but consumers were.
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By Natasha Chilingerian |
November 8, 2011
San Diego County Credit Union gained 362 new checking account members on Nov. 5 and more than 850 in the first week of November.
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By Natasha Chilingerian |
November 6, 2011
When Bank of America announced a monthly $5 debit card fee would take effect in 2012, questions about the potential backlash ran through my head. Would consumers put up with this? Would the bank cancel the fee to combat lost business? How angry would the fee make Gen Y?
