In some credit union circles, it remains a taboo subject: making the decision to sever relationships with those members who have dormant, low-fund accounts that have become too expensive for the credit union to maintain.
NEW ORLEANS -- Many financial institutions are cutting back on branch hours and other services to save on expenses.
NEW ORLEANS -- After regulators told TruWest Credit Union to either reach positive ROA by June or budget using last year's expenses, TruWest Credit Union Senior Vice President Jason Scott made the difficult choice to eliminate 12 full-time positions.
NEW ORLEANS -- If a $1 billion credit union used a series of advances to fund a $100 million investment in new 15-year mortgage pools, it could add as much as $600,000 to interest income in the first year.
NEW ORLEANS -- Representatives from four credit unions that were involved in mergers or acquisitions shed some light on the closed-door and detailed process during a CUNA CFO Council session.
NEW ORLEANS - A record 358 CUNA CFO Council members are attending today's annual conference here, according to Cheryl Sorenson, CUNA conference and meetings manager.
New Orleans -- If a $1 billion credit union borrowed $100 million in strategically laddered advances, and invested those funds in low-risk mortgage pools, it could add as much as $600,000 to interest income.