WASHINGTON - This year's Herb Wegner Award Winners will include two pioneers among credit union efforts to seek out and serve the most underserved and often forgotten people in their communities. Caryl Stewart, CEO of the $37 million Opportunities Credit Union (until recently the Vermont Development Credit Union), headquartered in...

WASHINGTON - Fallout has continued to roll in from the Administration's proposed cuts to the U.S. Treasury's CDFI Fund. On February 7 the Administration proposed, as part of its budget for fiscal year 2006, to eliminate the Fund and roll money which would have been used by that program into...

MONTVALE, N.J. - A new type of machine that resembles an ATM but which offers a much broader array of services has been tested in the lobby of the $400 million Paragon FCU. Employees of Tellagent, the credit union's wholly-owned CUSO which it created to develop the machine, conducted a...

SAN ANTONIO, Texas - TNB Card Services, the credit card processing and purchasing arm of the credit union-owned Town North Bank has issued a paper which aims to help credit unions make the decision whether or not to sell or hold its credit card portfolio. Previously, TNB Card Services has...

WILMINGTON, Del. - A new player has entered the already crowded market for credit union card portfolios, making it even more likely that credit unions seeking to sell their card assets may command even higher premiums for them. The new player is Juniper Financial, a card issuing bank which has...

WASHINGTON - Unless Congress acts to change the Bush Administration's budget plans, a federal program which has helped dozens of community development credit unions grow and better serve their low income memberships will effectively end on September 31, 2005. That's when the Federal Government's Fiscal Year 2005 ends, and the...

Washington CU Effort a Model for Expanding Shared Branching as Transactions Jump by 77% in '04. SAN DIMAS, Calif. - The newest model for how to market shared branching to credit union members and the public at large appears to have gotten underway in Washington State, where credit unions banding...

ALEXANDRIA, Va. - The NCUA has released a white paper that is meant to help both its examiners and mainstream credit unions understand the work and challenges of community development credit unions. The agency developed the paper partially through a series of consultations with the National Federation of Community Development...