The ability to raise capital continues to define the new corporate marketplace.
Credit unions smashed through a previous record in the first-quarter 2012 when they originated 8% of all mortgages made in the U.S. Now there are signs that their success represents more of a sustainable trend than a mere statistical anomaly.
A direct mail piece from U.S. Senate Federal Credit Union that features a buxom blonde has generated some angry reaction, some national media attention and a petition drive started by an offended member seeking an apology.
The controversies involving the liquidated St. Paul Croatian Federal Credit Union continue, with a 32-count complaint filed May 21 in U.S. District Court in Cleveland by the NCUA.
Over the past week or so, the word “billion” has come up several times in industry talk on member business lending. The first billion–make that nearly $12 billion–is the record number of member business loans that credit unions funded in 2011, setting a new record high based on fourth-quarter data from...
Don’t count on health care reform just going away. According to Brad Pricer, human resources process leader at CUNA Mutual Group, it’s unlikely that the U.S. Supreme Court will simply toss out the Patient Protection and Affordable Care Act completely.
Over the past few years, CUNA Mutual Group has focused on bolstering a number of areas to weather the most recent financial crisis.
A recent Financial Finesse report finds that financial stress levels has continued to decline as the economy improves. Only 16% of employees reported high or overwhelming financial stress levels during the first quarter of 2012 compared to 21% in 2011 and 30% in 2010. (See the infographic on the facing...
The memories were still painful one year after Cindy Atteberry, the president/CEO of the $27 million Joplin Metro Credit Union, lost her home and nearly her life.
While I’ve previously suggested that credit unions start a public awareness campaign similar to “Got Milk?” U.S. Senate FCU’s “Big Plans?” advertisement wasn’t what I had in mind.
The recent THINK Conference staged by CO-OP Financial Services in Florida included a wide range of opinions and approaches about how to do better in business. In this case, the business is credit unions. Here is a roundup of some of those speakers and an encapsulation of the ideas they presented.
Scholarships from credit unions.
Six credit unions in the past 12 months have converted to the CU*Base core processing platform through CU*South, the Fairhope, Ala., CUSO said.
The 19,400 members at the $286 million McGraw-Hill Federal Credit Union in East Windsor, N.J., can now deposit checks via their iPhone or Android devices.
The 27,000 members of the $261 million Alpena Alcona Area Credit Union in Alpena, Mich., can now deepen their online banking experience with a new personal financial management solution, the credit union said.
Fiserv Inc. said it has signed the $1.4 billion CFE Federal Credit Union in Lake Mary, Fla., has as the latest commitment to the Brookfield, Wis., company’s Acumen account processing platform.
EPL Inc. of Birmingham, Ala., said the 135 credit unions using its i-POWER core processing system will now be offered the instant issue and PIN selection card services of MagTek of Seal Beach, Calif.
A new, member-friendly experience is now offered members at the redesigned website of the $650 million Silver State Schools Credit Union, the credit union said.
The MoneyDesktop personal financial management solution is now being integrated into the Symitar Episys core processing platform at Member Driven Technologies, a suburban Detroit service bureau CUSO.
A new consultancy from the $3.5 billion Redstone Federal Credit Union in Huntsville, Ala., will focus on taking in-house technology developments to the greater marketplace.
CU*Answers said it has added the $348,000 Stepping Stones Community Federal Credit Union in Wilmington, Del., to its “Starting a Credit Union” program.
MnIPC said the $59 million Northwoods Credit Union in Cloquet, Minn., has become the first client to offer its members mobile remote deposit capture through the St. Paul, Minn.-based CUSO’s arrangement with Cachet Financial Services.
The $18 million Bensenville Community Credit Union in suburban Chicago is now running on the Sharetec core processing system from Bradford-Scott Data Corp., the company and credit union said.
Member Services Solutions LLC of Franklin, Tenn., said five credit unions are now offering their members its mobile app for Kindle Fire tablets at the Amazon Apps Store.
Mobile remote deposit checking and a new checking rewards program have been launched by the $706 million One Nevada Credit Union in Las Vegas.
PSCU said the $180 million Alcoa Tenn Federal Credit Union is the first client to use its new mobile bill pay offering.
The 20,400 members of the $354 million GFA Federal Credit Union in Gardner, Mass., are now being offered mobile banking.
The shifting sands of the consumer lending marketplace have caused the traditional loans (auto loans, home equity loans, and mortgages) that credit unions know and trust to either become scarce or thinly priced due to competition for each deal. Couple this with generally increasing costs, like regulatory compliance and...
I’ll admit it. I don’t make a conscious effort to be green. Sometimes I leave the bedroom light on. I put empty wine bottles in the trash. I use recycling bins if my apartment complex places bins outside, but if it doesn’t, I’m not going to drive around town looking...
Credit unions are unique in the financial world. Rarely do you find a financial institution that clearly and emphatically says it is not working for a profit.
According to the Western Union Payments Money Mindset Index survey’s student debt data for the first quarter of 2012, Gen Y is more likely than any other generation to carry student loan debt, and 10% of Gen Y members are holding a hefty amount of it–$30,000 or more.
In a management succession long in the planning stage, Utah’s $5.4 billion America First Federal Credit Union of Riverdale, Utah, named John Lund, executive vice president as president/CEO, effective Sept. 1.
CUNA last week submitted an application for “.creditunion” to the Internet Corp. for Assigned Names and Numbers, which has been taking applications from individuals and groups to buy the rights to new “top-level domain names,” also known as the words to the right of the dot in an Internet address.
A website aimed at educating credit union board members and management with an eye toward enlivening meetings has been launched by CU*Answers.
William Liddle has claimed that he was stabbed by an unseen assailant on the day he was scheduled to be sentenced in court.
Seven credit unions were recently recognized by CU Direct Corp. for their lending practices and success in 2011. The credit unions were honored at CU Direct’s annual conference in Chicago in late May.
I was heartened by the Credit Union Times front-page story about credit unions teaching college-aged students the importance of repaying their student loans (“Credit Unions Tutor Students in the Fourth ‘R’–Repayment,” May 16.)
The reduced compliance burden, as a result of new NCUA rules introduced during the regulator’s May 24 board meeting, is worth $8 million to federally insured credit unions.