A case involving a widow who opened up a brokerage account with the defunct, CU-formed XCU Capital LLC, its shell later bought by State Employees' Credit Union, is in the middle of a regulator and legal quagmire.
Even though the vast majority of credit unions never abused credit card holders the way many big bank issuers did,
The National Credit Union Foundation has achieved one of its long-term fund raising goals, developing a mechanism that individuals can use to support NCUF programs.
Credit unions under pressure to increase their noninterest income will continue to seek and offer surcharge-free ATM access but may tweak their
Credit unions needing to serve more members with fewer staff during these hard economic times might consider simplifying their products, increasing their use of technology and cooperating with other CUs.
Offered online for the first time ever, CUNA Mutual Group's 2010 Discovery Conference on Nov. 3 included virtual sessions on spotting and leveraging consumer trends for growth, evolving to meet consumer expectations and more.
Having more control over operating expenses and fee income may aid credit unions experiencing declines in return on assets and return on equity that are seeking long-term sustainability.
Environmental professionals who specialize in helping consumers improve their homes' energy efficiency say credit unions have an opportunity to step into a growing market in green finance.
The $21 billion State Employees' Credit Union credits its Mortgage Assistance Program for helping it keep the increase in foreclosures to just six basis points over the last five years.