A death sentence for credit unions? An impetus to change the business model? Depends on who you ask.
Although they are outside credit unions' traditional line of products, private student loans present an opportunity to help families pay for college when scholarships, grants and federal loans are not enough to cover the rising cost of attendance.
Offering private student loans can be advantageous to a credit union in many ways, and more and more CUs are taking an interest in the product.
A new legislative and regulatory advocacy committee with a focus on issues affecting CUSOs and their credit unions is the latest effort coming from NACUSO.
By most accounts, 2010 should have been a barn burner in the number of credit union mergers, based on rising assessments, the corporate crisis and a bad economy hitting a large part of the country.
In the Oct. 27 issue, former NCUA Chairman Dennis Dollar posed a series of thought-provoking questions for credit unions to ask their corporate credit unions
The yearend buzz on credit union mergers presages a bumper year in 2011 but one leading Oregon consultant, Merger Solutions Group, said that the volume in both numbers and size is dramatically down in 2010.
The most immediate issue facing our industry is the continued access to services provided traditionally by corporate credit unions.
The planned October merger by Navy Federal Credit Union of the ailing USA Fed CU last week generated both catch-your-breath predictions on the nation's future CU landscape plus stand- your-ground pledges by one West Coast competitor.
The planned merger by Navy Federal Credit Union of the long-troubled $604 million USA Federal CU is emblematic of a sharply escalating trend which could see another 2,500 mergers by 2015, Dennis Dollar forecast Monday.