Regulators issue joint statement downplaying effect; CU Prosper CEO agrees.
PORTLAND, Ore. — Buying and selling loans on the SBA secondary market is still unfamiliar territory for many credit unions.
“In order to win, we need to be perfect. For a malicious party to win, he needs only to exploit one mistake.”
Credit unions should continue to throw themselves body and soul into fighting a looming cap on debit card interchange, but should do so without any significant expectation that they will succeed.
The nation's two nationwide shared branching networks took large strides into member service and mobile banking with two announcements at CUNA's Governmental Affairs Conference last week.
A new partnership between Financial Service Centers Cooperative Inc and a leading online foreign exchange company now allows participating CUs to offer their members foreign exchange.
Say farewell to the wisecracking, brainy lawmaker from suburban Boston and say hello to the soft-spoken, courtly former lumber company owner and trial lawyer from Birmingham, Ala.
Saying that the recovery isn't occurring fast enough, the Federal Reserve announced today it will buy $600 billion of U.S. government debt over the next eight months.
Credit unions are very proud of their heritage, and they should be. Credit unions, individually and as an industry, grew from nothing to serve tens of millions of members nationwide.
In today's ever evolving financial services marketplace, credit unions should start paying for qualified board members.