Credit Union Management

The banking industrys longstanding effort to deter or prevent credit unions from using the words bank and banking in advertising was advanced to a new plateau last week with a proposed cease and desist order placed by the states top regulator on the $600 million Vermont State Employees Credit Union.

East Idaho Credit Union has tapped Brad Bauges as its new president/CEO.

The 24,800 members of the $544 million University of Hawaii Federal Credit Union now have a new website and online and mobile banking services.

The 124,000 members of the $2.5 billion Tower Federal Credit Union now are being offered mobile apps.Included are apps for iPhones, iPads and Android phones and they are available at the Apple App Store or Google Play Store, the Laurel, Md., credit union said.

Nearly five years after the housing bubble burst and the financial system collapsed, politicians are still clamoring for new ways to free up capital and spark growth across the country. The most recent effort, put forth by Sen. Mark Udall, proposes to increase the lending limit of credit unions from...

Members of the so-called silent majority of credit unions that oppose S. 2231, the bill that would increase the member business lending cap for credit unions, spoke out as banking lobbyists pressed the issue to lawmakers.

A few years ago, North Coast Credit Union in Bellingham, Wash., started working with several of them in the area. Terry Belcoe, president/CEO of the $122 million cooperative, said the food offered to those in need was not the healthiest on the shelves and in the bins.

Even in the virtual world, you can run out of real memory.That was the case at the $1.8 billion Grow Financial Federal Credit Union in Tampa, Fla., where its technologists recently completed a revamp of its virtual data center.