As credit unions wait with bated breath for a Senate vote on raising the MBL cap, the chamber will likely first address changes to the United States Postal Service that could impact credit union budgets and compliance.
While business rates are not in the current Senate bill, a 10% increase in postage rates could cost credit unions $30 million annualized.
Alaska credit union adds e-statements, alerts, letters and skip-a-pay features.
Sustainability, which was once dismissed as an idealistic fad, is now a trillion dollar industry with corporate giants such as Walmart, McDonald’s and Coca-Cola scrambling to go green.
Shell FCU has been serving Houston’s banking needs for 75 years, and to celebrate it is giving away monthly cash prizes, three cash grand prizes and a 2012 Camaro.
Suburban Detroit credit union launches updated Remote Service Department with green theme included.
Bonus dividend payouts are a true differentiator for credit unions as they compete against banks, and in a year when big banks made headlines for proposing unwanted fees, year-end member cash rewards carry even more weight for CUs looking to stand out in the marketplace.
Fresh out of college a few years ago, Tyler Leonhardt accepted a position at Bank of America.
Eleven credit unions in the past 16 months have been added to the client list of approximately 160 financial institutions served by Financial Services Inc. of Glen Rock, N.J., the company said.
A new e-statement module is saving the $116 million North Shore Federal Credit Union in Grand Marais, Minn., about $900 a month, said the credit union’s online banking vendor, AgilityFour of Dandridge, Tenn.