The lingering slowdown that is afflicting the U.S. economy is forcing credit unions to pay more attention to collections, a part of their business that is often forgotten or ignored, according to a new report prepared by the CUNA Lending Council.
When economic times are tough, credit union leadership are likely to look for areas to cut expenses and often, charitable giving can be on the chopping block. In my experience, however, the difficult economy presents an opportunity for credit unions to step up and truly exemplify the credit union philosophy...
Should CUs join a retreat from reverse mortgages or continue offering the loans aimed at seniors?
This article will be among the news, features, analysis and insight filling the pages of the next print edition of Credit Union Times.
The 204,000 members of the $3.2 billion Ent Federal Credit Union in Colorado Springs, Colo., can now deposit checks using the cameras on their iPhones and Droids.
Colorado CU also adds Android app to existing iPhone branch locator service.
Even with ongoing fallout, the shock of the corporate crisis may at last be wearing off, shedding a more positive light on some of the surviving corporates, according to Charles Emmer, the president/CEO of Ent Federal Credit Union.
Garden Savings Federal Credit Union, Parsippany, N.J., has announced the promotion of Robert Anselmo to chief retail officer. Anselmo has more than 18 years of experience in the financial services industry including the past four at Garden Savings, where he served as vice president of retail sales and service.
Many credit unions remain trapped between rising consumer and member demand for mortgages backed by the FHA and HUD regulations governing those loans.
Ent Federal Credit Union broke a personal record this year for charity, raising $124,516 for the United Way.