Compared to the second quarter of 2013, membership declined at 54% of the nation's credit unions in the second quarter of this year, according to the NCUA.
Credit unions in New Jersey have the lowest drop, Alaska has the highest growth in membership.
Credit unions are already responding to the possibility 2,200 Home Depot stores were breached.
Former CU Times Trailblazer CEO of the Year Bert Hash recalls how his then-bold decision to purchase a bank paid off for members.
Symbionce Financial Solutions had 478% growth between 2010 and 2013.
Attorney Michael Bell predicts potentially a hundred such transactions.
The $18 million Newark Firemen Federal Credit Union in Newark, N.J., has completed its conversion to the CU*BASE platform through CU*SOUTH, an Alabama-based CUSO that is an affiliate of CU*Answers, the Grand Rapids, Mich.-based CU*Answers said.
The Michigan-based vendor holds steady at 225 credit unions running its CU*BASE core system.
Tory Burch, fashion apparel designer and one of Forbes’ most notable billionaires in 2013, is looking to help other women realize their entrepreneurial dreams. And she's involving a credit union in the plan.
The NCUA revealed at two July Listening Sessions several areas of the risk-based capital proposal the agency is planning to change.