The 70,000-member, $1.7 billion Technology Credit Union of San Jose, Calif., has broken new ground in its attempt to convert to a mutual bank charter.
The fast-paced era of instantaneous information created by the Internet, social media and smartphones has resulted in a significant change in the manner in which people process information. And new research suggests that credit unions may want to rethink their approaches to financial education in looking for ways to connect...
Two member credit unions say they aren’t running for the exits at Corporate America Credit Union following the July 3 announcement that CEO Thomas Bonds had resigned from the $3.3 billion corporate. However, they expressed disappointment and concern that the maverick and charismatic leader will no longer lead the Irondale,...
The Libor price-fixing scandal, in which the London-based bank and financial services company Barclays manipulated Libor submissions to give a healthier picture of the bank’s credit quality in 2007 and 2008, has had little material effect on credit unions, according to industry experts. However, corporates that owned Libor-indexed assets during...
Combined mortgage disclosures, a new definition of APR, and an expansion of mortgage loans that qualify for Home Ownership and Equity Protection Act coverage were among major changes the Consumer Financial Protection Bureau proposed July 9 when it released two proposed rules.
With a robust business deposit program and ample room to grow its business loan portfolio, Navy Federal Credit Union wants to create alliances across the country to help other credit unions expand too.
Delta Community Credit Union confirmed that is has reached an agreement in a breach of contract suit with a real estate developer, who received a judgment earlier this year for $75.4 million.
As the battle for talent wages on, credit unions have to be creative in their recruitment and retaining efforts.
The $396 million Generations Federal Credit Union of San Antonio is finding local chambers of commerce a fertile ground for tapping into member business lending.
The debate over the fate of small credit unions continued on CUinsight’s blog last week with Henry Meier of the Credit Union Association of New York interjecting that “the days of treating your examiner as your de facto compliance officer are over.”
Twenty-two online applications for mortgages were submitted in the first week Arizona Federal Credit Union was linked to the regional CU Members Mortgage online application service, the $1.3 billion Phoenix credit union said.
More than 100 of Symitar’s 750 or so credit union clients are now processing on hosted versions of its Episys and Cruise platforms through the core processor’s OutLink Data Center operation, the company said.
Vertifi Software LLC said five more credit unions have decided to offer their members its mobile remote deposit capture service.
Corelation Inc. of San Diego said the $93 million, 21,000-member Plus4 Credit Union has committed to the company’s KeyStone core processing platform and will convert next year.
A refreshed website and new online and mobile banking functionality are included in a technology upgrade for members of the $815 million San Francisco Federal Credit Union.
The mobile banking technology of CU Mobile Apps will now be offered to client credit unions of CU*Answers, the Grand Rapids, Mich., CUSO said.
The 14,000 members of the $108 million Advantage One Credit Union in the downriver Detroit community of Brownstown, Mich., will be offered mobile banking services through Card Services for Credit Unions.
Document Express Inc. of Palatine, Ill., said the $4.9 billion Citizens Equity First Credit Union in Peoria, Ill., has chosen to deploy the company’s document preparation services.
Coastal Federal Credit Union in Raleigh, N.C., is now monitoring the varied transactions from its personal teller machines with tools from BlueStripe Software of Morrisvlle, N.C.
The 89,400 members of the $6.1 billion Star One Credit Union in Sunnyvale, Calif., are now being offered mobile banking services through technology from Tyfone of Portland, Ore.
The Acumen account processing platform from Fiserv Inc. will be installed at the $589 million SAC Federal Credit Union in Bellevue, Neb., the company and credit union said.
For GFA Federal Credit Union, converting to paperless processes had to do with a lot more than the environment.
BECU’s member account lockouts once caused frustrations and numerous dial-ins to the credit union’s call center.
There are no excuses for overlooking a service request in the IT department at United Federal Credit Union.
What is a data warehouse? Why does my organization need it? How exactly does my membership benefit from enhanced data analytics that result from a data warehouse?
One of the stated reasons for Texas Dow Employees Credit Union leaving CUNA was our disappointment with the unending vitriolic attacks on credit union regulators that seem to dominate every meeting.
I became interested in credit unions and cooperatives because they are business models that promote economic justice. I was looking for alternative to the traditional banking system that today appears solely to focus on profits over people.
CUNA’s online vehicle to reach young people, an education package, “Googolplex: The Credit Union Guide for Student Money Makers,” is gaining new ground this summer with apparent heightened interest among elementary students, preteens and teenagers.
A loan participation suit filed two years ago against the defunct Eastern Financial Florida Credit Union to recoup millions in losses will not include Space Coast Credit Union, a federal court recently ruled.
Three community development credit unions in California have received an interest-free, $1.25 million deposit from CUNA Mutual Group to stimulate development in their underserved areas.
Eaton Family Credit Union marked its 75th Anniversary with a special day for credit union members and the community.
The 72-year old Ohio Edison/Penn Power Credit Union has established a new brand identity–Edison Financial Credit Union. Exterior signs have been changed and now contain the new name and logo at the credit union’s two locations in downtown Youngstown and in the Austintown Plaza.
In a cease and desist order, Georgia’s chief regulator, Robert Braswell, has told a suburban Atlanta firm, Georgia Entertainer’s Credit Union, to stop calling itself a credit union.