CUs

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  Online Only: Outsourcing, Technology and Outreach Help CUs Face New Collections Challenges

  By Natasha Chilingerian  |  May 13, 2011

  Credit unions have a mixed view on using outsourcing for collections, but agree on technology and outreach.

• Registration Regulations Complicate Mortgage Business

  By David Morrison  |  May 13, 2011

  ACUMA workshop told registration, tracking of mortgage originators a particular area of uncertainty as regs take effect.

• Increase Seen in ‘Merger of Equals’ Trend

  By Jim Rubenstein  |  March 2, 2011

  Following the pattern set this week in Washington State, mid-sized credit unions across the country will be looking to chart more “mergers of equals” to remain competitive with larger brethren.

• Tennessee CUs Escaping Recession's Wrath, Says Eastman CEO

  By Jim Rubenstein  |  December 23, 2010

  Olan Jones of Eastman Credit Union, which this week undertook its first merger in seven years, is no bragger but he's willing to crow about one thing: CU performance.

• Northwest CU Association Finalized, More Mergers to Come

  By Jim Rubenstein  |  November 10, 2010

  The new Northwest Credit Union Association, combining the Oregon and Washington leagues, is ready to roll Jan. 1.

• CUs Can Capture Gen Y Market by Putting a Twist on Existing Loans

  By Marygrace Murphy  |  November 3, 2010

  Gen Y is going to be spending $2.45 trillion annually by 2015, and credit unions that want a piece of the pie will have to look at their lending product offerings to see whether they match young people's needs and expectations.

• Matz Outlines Pricing Formula, Corporate Timetables

  By Jim Rubenstein  |  October 11, 2010

  NCUA Chairman Deborah Matz has assured leaders of Texas credit unions the agency expects to honor expiring service contracts CUs have with conserved corporates possibly putting the contracts on a month-to- month basis.

• Utah Religious Group Challenging CUs on Payday Lending

  By David Morrison  |  July 1, 2010

  Hard on the heels of a report suggesting that credit unions are unlikely to be able to offer payday loan alternatives, a religious group in Utah is criticizing the short-term, low-dollar loans that state's CUs offer.

• Tornado-Hit Ohio CU Set to Resume Temp Operations Today

  By Jim Rubenstein  |  June 8, 2010

  Closed by last Saturday's tornado heavily damaging its offices, the $8.9 million Woodco Federal Credit Union in Ohio looks to resume skeletal operations today from its new temporary home in Cando CU of nearby Walbridge.

• State Budget Cuts May Crimp Oversight; Arizona Down to Two State Examiners

  By Jim Rubenstein  |  May 26, 2010

  Crippling budget cuts have left Arizona with just two credit union examiners to handle 22 state-chartered CUs.