The $1.6 billion Lansing-based credit union merging with $7 million Father Kramer Credit Union of Center Line.
Plan allows credit unions outside CUSO's network to link their members to student loan products.
To say the battle to increase the member business lending cap has been an arduous one for the credit union industry would be an understatement.
More consumers joined credit unions in Georgia in 2010 and increased their savings at the cooperatives, the Georgia Credit Union Affiliates said today.
When I was first asked to pen this column, my first thought was, why would someone from Gen Y make a conscious, informed decision to join a credit union?
Thomas Edison once said that most people miss a good opportunity because "it is dressed in overalls and looks like work." Sage advice from a great man. But many times, seizing a good opportunity isn't that hard at all.
Debit card rewards programs at credit unions will survive the coming downturn in debit card interchange, but they will have to change and broaden their foundations in order to remain a part of credit union programs and services.
An expansion of PSCU Financial Services' credit card collections service will increase the hours of calling and boost collections rates, the CUSO said.
PSCU Financial Services has expanded its credit card collections service to include automated calling during extended hours the CUSO said will help credit unions increase collections rate.
Credit union loan growth may be stagnating, but CU credit card portfolios continued to grow in second-quarter 2010, according to a card analytical firm.