SAFE Credit Union

  • People

    Anthony Silvi was appointed SVP and chief lending officer for the $592 million Sb1 Federal Credit Union in Philadelphia. Previously, he served as the vice president of financial services at the $656 million Freedom Credit Union in Warminster, Pa. He also worked as SVP of lending at First Penn Bank...

  • Examiners Push CUs to Sell Mortgages

    Credit unions say NCUA examiners are pressuring them to keep long-term fixed assets below 35% of total assets, sacrificing income.

  • Credit Unions Decry Examiners' 35% Fixed Asset Ratio

    Pressured by NCUA examiners and concerned about interest rate risk, credit unions shed mortgages and other fixed rate assets, giving up income.

  • Processing Payments for Legal Pot

    Despite a new state law in Colorado legalizing recreational use, credit unions still worry marijuana business accounts will run afoul of federal regulations.

  • Legal Pot Still Risky Business for Credit Unions

    While financial institutions wait for guidance from the DOJ, credit union leagues in Colorado and Washington caution against opening accounts for state-legal weed businesses.

  • SAFE at School

    SAFE Credit Union spiffs up local high school's student store and on-campus branch.

  • Payments Yields Better Directors: Letter

    I enjoyed reading Sarah Snell Cooke’s support of paying directors. I think paid directors will give credit unions another tool to manage their credit union better.

  • New Report Bemoans Lack of Large Credit Union Mergers

    SNL Financial report says lack of strategic thinking keeps most mergers among small credit unions who have no choice.

  • The Future of PFM and Mobile Strategies

    Consumers are increasingly tapping their smartphones and tablets to manage their money, a trend that may push personal financial management tools into the mainstream and open new opportunities for credit unions to help their members in real time.

  • Mergers Will Continue to Cull Small Credit Unions From Herd

    Every day, six days a week, a credit union closes and never re-opens. That has been going on for many years. More than 3% of credit unions have annually closed for the past decade. By 2025, the United States will have around 4,500 credit unions.

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