As citizen frustration continues as demonstrated by the growing Occupy Wall Street movement, credit unions may be presented with another chance to show how they can help middle-class Americans meet their financial needs.
If more people transfer their accounts to credit unions because of Bank Transfer Day. it could be a mixed blessing for some credit unions. However, that’s a problem many credit unions would be glad to worry about.
If the roughly 73,000 members of Technology Credit Union, a $1.5 billion institution headquartered in San Jose, Calif., vote to convert to a mutual bank charter, they will likely find their increased expenses not restricted to taxes alone, according to CUNA Chief Economist Bill Hampel.
WASHINGTON — While the topic was ostensibly a bill to raise the cap on credit union member business lending, credit unions and banks sparred over a range of subjects at an Oct. 12 House subcommittee hearing.
The 135,000-member Royal Credit Union has purchased the mortgage servicing rights to $600 million in mortgage loans from a local bank that the FDIC subsequently took over and sold to another bank.
If nothing’s wrong, there should be nothing to hide, CEO Jim Blaine said of his credit union’s decision to publicize its CAMEL score.
When Jeffry Martin took the helm of Autoland Inc. 18 months ago, some hard decisions had to be made if the company wanted to expand on its 35-year reputation of vehicle purchasing and financing
Ireland’s credit unions are in such dire straits that $1.3 billion in unused bank funds was recently approved to aid some of the country’s struggling cooperatives.
Two legislators have announced they will file a bipartisan bill in the House to repeal the Durbin amendment and remove its cap on debit card interchange.
With consumers disgruntled about bank fees on debit cards, there has never been a better time for credit unions to showcase their difference with a big splash on International Credit Union Day.
Credit unions are making the most of the consumer outrage with big banks’ fees.
Financial education continued to provide the predominant theme underpinning the National Credit Union Foundation's most recent round of grant making, with the NCUF continuing to fund projects that it believes strike at an enduring financial problem effecting a broad swath of American consumers.
The $83 million Musicians’ Interguild Credit Union of Hollywood, Calif., has a beef over how examiners treat modifications on interest-only loans and its CEO/Treasurer Marc Jacoby is outspoken on the topic.
Branding goes well beyond the colors in your logo or glossy brochures. Branding is everything, from your website to the employees in your branch. Branding must be part of overall strategic planning and then that plan must be clearly communicated and reinforced to all employees every day.
According to Devin Selte, a senior relationship manager at Servus Credit Union, any strategic moves regarding the future of credit unions would be incomplete without plans to invest in the next generation of leaders.
Consumers could close bank accounts at any time at no charge regardless of the size of their bank balance and could do it in person or by phone, according to legislation introduced by Rep. Brad Miller (D-N.C.).
A plan from CUNA Mutual Group for a new mutual ownership structure recently received approval from the Iowa Insurance Commissioner.
The members of the $193 million HAR-CO Federal Credit Union have voted to approve the credit union's change to a mutual bank charter, according to an announcement from the CU to its members. The credit union did not returned calls seeking comment on the vote.
The FDIC’s fund for insuring banks will have to pay out $19 billion because of bank losses over the next five years, a decline from the original estimate of $23 billion, the agency said last week.
Pointing to the California recession, the ailing $451 million Point Loma Credit Union of San Diego is reportedly closing four branches early next month as part of a cost-cutting maneuver.
California’s small businesses and other employers may have to meet a host of conditions before they are able to pay their employees with a payroll card.
The 21,000-member Eagle Community Credit Union is reaping the benefits of an endorsement from personal finance author Dave Ramsey.
Locals in central and eastern Georgia have experienced the credit union difference firsthand.
There’s a new leader at Northwest Community Credit Union. John Iglesias has been named president/CEO of the $700 million Springfield, Ore.-based credit union.
The $385 million First South Financial Credit Union of Bartlett, Tenn., is adding to its Memphis-area footprint by merging the $12 million Dyersburg CU.
At best, modest loan growth is the most credit unions are experiencing even as auto sales increased by 8% in September.
The Wisconsin Credit Union League continues to criticize the banking industry’s use of the Small Business Lending Fund for what it claims is misuse.
At the recent NAFCU Congressional Caucus, Chairman Debbie Matz expressed a plan for regulatory improvement by NCUA. She addressed possible changes in certain regulations and a desire for a more open and transparent process that will allow for the credit union industry to know well in advance what rules are...
I wholeheartedly agree with John Rostern’s argument that credit unions need to be intently focused on security when outsourcing sensitive enterprise data [“Audit Specialist Raises Concerns in the Cloud,” cutimes.com, Sept. 26.]
So far there has been tepid reaction by official Washington to the protests against Wall Street and banks that have spread throughout the nation. This may prove the point of both those on the right and the left that the leaders of our big political and economic institutions just don’t...
Digital marketing is for all generations. But in the right dose.
The reform of the secondary mortgage market in the U.S. is like a very slow-moving train.
If there is a credit union determined to not let a crisis go to waste, it is the $4.2 billion Bethpage Federal Credit Union.
The key to building and developing a strong housing finance program may be for credit unions to define what it is that they are promising through their efforts and then making sure that commitment flows through the entire organization.
When John Unangst joined Franklin Mint Federal Credit Union in 1976, he knew little about credit unions, but he did realize what could happen if the single-sponsor CU failed.