A few credit unions have begun to detail the impact of the Federal Reserve's proposed cap on debit card interchange, telling the agency that its proposed rule will sharply hurt their bottom lines.
When practice fields across the land filled in August with players prepping for the upcoming new school year, a lending CUSO had already hit the field with a team of its own.
By the end of 2010, the banking industry is expected to have earned $35.4 billion in overdraft fee revenue, down from $37.1 billion in 2009 and on track with 2008, according to a recent Moebs Services study.
The Senate is expected to break its impasse on a small business lending bill--which includes a $30 billion fund to encourage community bank lending--but without a provision to raise the cap on member business loans from 12.25% to 27.5% of assets.
2007 was 10 years ago. I know mathematically that is not true. However, in terms of American cultural evolution 2007 was 10 years ago.
I have the privilege of helping credit unions with their business continuity planning, doing plan reviews, facilitating exercises, conducting business impact analyses, rewriting plans and educating staff and boards.
Honoring small business owners of the year, President Obama recently urged Congress to pass two major programs to increase lending to small businesses.
The number of credit union executives from across the country that turned out on Capitol Hill for the interchange battle was very impressive, especially on such short notice and when travel budgets have been practically bled dry.
Credit unions using document software from Integrated Media Management can now allow their members to use iPads to fill out and sign loan documents.
Keesler Federal Credit Union has made dollar-to-pound conversion a breeze for members at three British air bases who have bills to pay.