When it comes to the status of Carla Decker’s nomination to the NCUA board, on Capitol Hill and at the White House the silence has been deafening.
Fresh out of college a few years ago, Tyler Leonhardt accepted a position at Bank of America.
WASHINGTON — If banks are getting regulatory relief credit unions deserve the same opportunity.
As several more mayors moved to shut down Occupy encampments, demonstrators continue to be steadfast in promoting credit unions as the only alternative to banks.
A Tampa Bay teacher has sued the 511,000-member $4.9 billion Suncoast Schools Federal Credit Union in Florida court, charging the CU repossessed her car after she fell behind on her mortgage payments.
With the decline in vehicle loans expected to be a drag on overall loan growth well into 2012, credit unions may be searching for even more ways to boost revenue.
Even as it absorbs its lumps and lays off employees from the slump in home lending, the $419 million Air Academy Federal Credit Union of Colorado Springs, Colo., made clear last week it is on a mission to emphasize online and electronic tools.
There may be only four or five corporate credit unions within 10 years. There isn’t that much business out there. "The small won’t survive,” predicted John Fiore, CEO of Motorola Employees Credit Union and a key figure in the recapitalizing of Members United as Alloya. “Within a couple years we...
What a difference 10 months makes. That’s a prevailing thought in corporate credit union circles as executives digest the reports, unconfirmed by the NCUA, that two of the leading bidders for the failed Western Bridge corporate are Alloya (formerly Members United) and Catalyst (formerly Southwest Bridge plus Georgia Corporate). This...
The NCUA needs to do a more thorough review of how it protects the privacy of its computer users and data, according to a report by the agency’s Office of Inspector General.
Cybercrime and malware are the top online fraud threats financial institutions face today, and they’ll continue to top the list of threats over the next two to three years, according to a new report from research firm Aite Group.
Adoption of commercial remote-deposit capture, which refers to business customer-specific RDC solutions, grew by just 10% in 2011 while mobile RDC has become a priority for U.S. financial institutions and vendors, said a new Celent report, “State of Remote Deposit Capture 2011: Signs of a Maturing Market.”
Short-term loans are in demand. According to a recent Wall Street Journal report, payday lender and pawn shop share prices jumped in October. Some credit unions are taking this opportunity to provide similar products, but at a lower cost and with a different philosophy in mind. While payday lenders encourage...
Perhaps it was bound to happen given the continuing financial slide of the $667 million Silver State Schools Credit Union.
For possibly the first time, credit unions last week testified before a joint subcommittee hearing on the Communities First Act, legislation that was drafted by a former community banker primarily to benefit community banks. Kudos to the trades for getting the invites; that’s a first step toward gaining greater recognition...
A London-based consultancy has released a new report it said shows that social media channels are not necessarily the best way to connect with all consumers.
Newly deployed management software will help the $167 million Arsenal Credit Union in Arnold, Mo., lower the call abandon rate and improve member service in its contact center, the credit union said.
Eleven credit unions in the past 16 months have been added to the client list of approximately 160 financial institutions served by Financial Services Inc. of Glen Rock, N.J., the company said.
Xtend Inc. said it has gained two more credit union owners and contacted with two others for call center services.
The $927 million FORUM Credit Union has named its longtime chief technologist Doug True as its next CEO.
Boston-based Trusteer said its Rapport Web browser anti-malware solution will be offered to the 23,000 members of the $161 million Treasury Department Federal Credit Union in Washington, D.C.
Ten more credit unions have committed to deploying mobile remote deposit capture service from the Vertifi Software LLC subsidiary of EasCorp, the Burlington, Mass., corporate said.
Here’s a news flash: The NCUA’s annual budget is a sound investment by credit unions to protect their bottom lines.
To celebrate its 65th anniversary, BrightStar Credit Union of Sunrise, Fla., recently held a “Party in the Park” for the entire community
Member business lending at Ohio’s credit unions are becoming strong portfolio components.
Despite the euphoria, a top researcher for J.D. Power & Associates warned credit unions last week against “popping the champagne corks too early” in expecting sustainable gains from Bank Transfer Day. That’s because their data continue to show real consumer intransigence about moving accounts.
Sperry Federal Credit Union marked its 75th Anniversary recently when long-term members gathered at its main branch in Garden City Park, N.Y., to commemorate the milestone.
On pace to double its asset base twice in the next decade and add 500 jobs by 2020, United Federal Credit Union announced plans to expand its headquarters to accommodate its growing workforce.
People First Federal Credit Union Senior Vice President/Chief Operating Officer Jeffrey Albert has been promoted to president/CEO.
The Securities and Exchange Commission said this year will mark the highest number of enforcement actions filed in the agency’s history.
I wanted to compliment Credit Union Times for an excellent article on TDR reporting [Nov. 2, page 1].
While credit insurance and debt protection have been long-time staples for credit unions as part of their loan add-on product suites, some experts noticed that they are becoming more of a priority as the industry continues to seek new noninterest income streams.
As the industry grapples with the expected drop in fee income once generated through debit card interchange fees, other areas may have the potential to make up for some of the losses.
We never forget defining moments in history and where we were when they were defined. That certainly is true of the financial crisis that rocked our country’s financial system, businesses and our overall economy in 2008. Like other industries, credit unions strongly felt the impact of the lack of demand...