BOCA RATON, Fla. — A pair of presentations meant to discuss how credit unions can better attract new members and become the first cult brand in financial services ran into some negative consumer comments early on.
Is a personal feud between Corporate America Credit Union CEO Thomas Bonds, who took a leave of absence from his post last month, and NCUA Office of Corporate Credit Unions Director Scott Hunt the reason behind the delay in NCUA approval of a merger between the $3.7 billion Corporate America...
Even after news that a vote on S. 2231 won’t happen as quickly as hoped, credit union trade associations say they aren’t pursuing a Plan B to promote legislation that would raise the member business lending cap to 27.5% of assets.
NCUA’s examiner training in Orlando last month and listening sessions this summer are a step in the right direction, trade organizations say, and senior NCUA officials have been open to discuss exam issues and ways to improve the process.
From shutting down unprofitable branches to refocusing its efforts on consumer loans, Texans Credit Union is hoping some of those moves will help bring it out of conservatorship.
BOCA RATON, Fla. — A rocket scientist with NASA and a former CEO of a nationwide food chain offered their perspectives on creativity to credit union executives attending CO-OP Financial Services' THINK 12 Conference last week.
BOCA RATON, Fla. — CO-OP financial Services' annual THINK Conference lived up to its reputation for presenting credit union industry leaders with unexpected and diverse ideas as consultants, CEOs, academics and other professionals shared their histories and approaches.
With claims that a plan from the mayor of New York’s office to create up to 18,000 livery cabs would create unfair competition with the city’s yellow cabs, an association of credit union lenders has filed a lawsuit to halt the effort.
Despite a persistently struggling national economy and a local economy that has performed even more poorly, the San Diego, Calif.- based North Island Credit Union is reporting success with an effort to get back into card issuing.
As the nation awaits the U.S. Supreme Court’s decision regarding the Patient Protection and Affordable Care Act, the implications of health care reform continue to be murky for employers.
Allowing members to manage their financial products remotely isn’t a luxury for credit unions these days. It’s a necessity. Especially for university-oriented credit unions, whose members are likely to move away from their primary service areas, online and mobile access is a must.
I was really impressed with THINK the first time I went a couple of years ago, but when Tony Hsieh of Zappos and Tim Sanders, formerly of Yahoo!, spoke about their businesses and philosophies, I wondered whether credit union attendees would connect the dots. How many would bring ideas back...
BALTIMORE — Call this the loud message out of NACHA 2012: Financial institutions can choose to innovate. Or to die. And the pressures are higher on community banks and credit unions for a painful reason.
BALTIMORE — The NACHA session opened with dramatic video. Microsoft lawyers accompanied by U.S. marshals swooped into a characterless office building in Scranton, Pa., where they proceeded to seize computers that had been used to host giant botnet networks of zombie computers that–unbeknownst to their owners–were under the control of...
ST. PETERSBURG, Fla. — An undercurrent of concern about how card processor FIS was handling some of its ongoing information security problems was not enough to dissuade 321 payment executives from 131 credit unions that use the processor from meeting April 25-29 to celebrate card success and strategy.
More than 125 electronically signed loan closings a month are now being executed at the $1.1 billion Tyndall Federal Credit Union in Panama City, Fla.
CUBUS Solutions said the $59 million Northern Skies Federal Credit Union in Anchorage, Alaska, has become the Livermore, Calif., company’s 98th credit union customer for its e-banking enhancement products.
Northern Data Systems of Falmouth, Maine, said the $112 million Maine Family Federal Credit Union in Lewiston has deployed mobile banking and digital marketing technologies through the core processing firm.
The CEO of a small Los Angeles credit union said she is living large after co-developing an iPhone mobile banking app with her new core processor.
The 198,000 members of the $3.9 billion Police & Fire Federal Credit Union in Philadelphia is are now being offered a mobile banking app for their iPhones and Android devices.
MoneyDesktop said Atlanta-based First Data Corp. will be integrating the Provo, Utah, company’s personal financial management into First Data’s online banking offering.
The 42,000 members of the $418 million Heritage Federal Credit Union in Newburgh, Ind., can now get questions answered online.
At least 20 hours a month in staff time is now being saved at the $1.7 billion, 155,000-member Grow Financial Federal Credit Union in Tampa, Fla., since it deployed a new managed file transfer solution.
Several key upgrades are included in the newest release of the CU*BASE core processing system, CU*Answers said.
Credit unions in Alaska and Georgia are the newest customers for Corelation Inc. and its new KeyStone core processing platform.
Six credit unions have renewed their core processing contracts with Share One Inc., the Memphis, Tenn., CUSO said.
NeighborBench of Rockville, Md., said the $104 million, 12,400-member Money One Federal Credit Union in Largo, Md., is now getting help from compliance experts through its cloud-based platform.
Nineteen credit unions have recently signed on as users of MoneyDesktop’s personal financial management solution for their online banking sites, the company said.
An asset-liability management model makes a number of complex calculations for computing your credit union’s interest rate risk. The model’s results depend on the assumptions and whether the model was set up correctly to handle them.
I have had the extraordinary privilege of building relationships with credit union marketing professionals across the country in credit unions that fall into all asset categories and fields of membership. Hundreds of conversations have taken place during which the challenges associated with credit union marketing have been discussed, debated, and...
Ten Guatemalan credit union professionals arrived in the United States last month to begin the first phase of a month-long internship program with credit unions in California and Iowa.
Hawaii State Federal Credit Union announced it has hired Andrew Rosen as president/CEO.
CO-OP Financial Services announced that it is partnering with Diebold Inc. to test two-way video member service on CO-OP Network at Diebold automated teller machines.
First Ohio Community Federal Credit Union will soon be celebrating its 75th anniversary.
Kern Schools FCU announced has chosen Alloya Corporate FCU to be its new corporate.
The NAFCU awards committee has selected six individuals and two credit unions as winners in its 2012 annual awards competition. The winners will be honored in conjunction with NAFCU’s 45th Annual Conference and Exhibition in Nashville, Tenn., July 24-28.
Nassau Financial Federal Credit Union reported the death of Board President Emeritus Anne L. Kostynick. After serving the credit union for 55 years and holding the position as president for the past 20 years, she had recently retired from the Westbury, N.Y.-based credit union.
A common thread among this year’s CUNA Diamond Award Winners has been their ability to dig deep to identify and address challenges unique to their organizations.
Promotions, retirements, personnel changes.