The 70,000-member, $1.7 billion Technology Credit Union of San Jose, Calif., has broken new ground in its attempt to convert to a mutual bank charter.
The Georgia Department of Banking and Finance is reminding credit unions to exercise the proper due diligence and follow-up before rolling out any new product line.
Technology Credit Union is offering members a chance to win more than $15,000 in cash and four iPads as an inducement to vote.
Why be concerned about your credit union’s liquidity now? Because rising interest rates are likely to be accompanied by flight-to-safety funds inflow.
Summit Credit Union members have got oodles to be thrilled about. With an eye on reinforcing its value to its members and the communities served, the Madison, Wis.-based credit union has launched Oodles, a membership rewards program.
Credit unions looking to grow their business often turn to commercial and business accounts, but that can be tough going.
Credit unions are playing catch-up to banks when it comes to business deposit products and services. Every national bank and most community banks offer remote-deposit capture services for businesses both large and small.
AMOCO Federal Credit Union, Texas City, Texas, paid out approximately $1 million in bonus dividends and loan interest refunds to its membership.
The 60-month CD held its interest rate better than any other deposit product at banks, according to research firm Market Rates Insight.
The average rate for certificates of deposit recently dropped below 1%, a move not seen since recorded data in the 1950s.