Credit Union Management

The NCUA is going back to the drawing board on its CUSO rule and the industry is happy.

A dispute over who owns the rights to the name of a long-standing credit union real estate institution appears to pit a mortgage consultant within one of the institution's chapters against the leading provider of private mortgage insurance for credit unions.

For at least the past four years, small business owners have gotten to know just how resourceful Affinity Federal Credit Union is when it comes to meeting their unique financial needs.

Bank Transfer Day was lauded for helping to nudge consumers toward credit unions. It was belittled as mere media hype. It was feared it would only bring in deposits and not loans, which would tip delicately balanced capital ratios.

When Bank of America announced a monthly $5 debit card fee would take effect in 2012, questions about the potential backlash ran through my head. Would consumers put up with this? Would the bank cancel the fee to combat lost business? How angry would the fee make Gen Y?

Consumers are clearly in the drivers seat these days as they account for nearly the bulk of all bank deposit dollars.

For many credit unions, Bank of Americas failed attempt to charge a $5 monthly debit card usage fee sent their membership numbers up the charts.

Is Bank Transfer Day more hype than consumer revolution?