Credit Union Times | Accurate and Timely CU News

NCUA’s Ranks of Highest Paid Grows

By Claude R. Marx

Last year, 29 NCUA employees made more than $201,000, an increase from 25 the year before, according to agency records.

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Supplemental Capital Bill Introduced

Vt. Business Lending Regs May Change

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Credit Union Management Stories

February 20, 2012

Tax Season Aid and Loans Abound at CUs

Tax season can be a daunting time of year for credit union members. Some, who view their annual refund as a much-needed source of extra cash, want to maximize their refund opportunities. Others, who owe taxes, may be wondering how theyll afford payments. To ensure the process runs smoothly regardless...

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February 20, 2012

Kern Schools FCU’s Financials Shine

After a net loss of $12.8 million in 2010, the $1.2 billion Kern Schools Federal Credit Union in Bakersfield, Calif., declared 2011 its best year for financial performance since 2007. The CU announced a net income of $22.4 million for 2011 and a net worth ratio that jumped from 4.31%...

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February 20, 2012

CU Credit Card Programs Are Poised to Shine

While it remains too early to declare victory, there are signs that credit union credit cards are poised to move from the background of credit union lending to take a position closer to the spotlight, according to industry card specialists.

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February 20, 2012

U.S. Central ACH Hike Causes Run for the Exits

Many worried credit union eyes now are on July 1, the date when the NCUA has said it will bump up ACH fees for U.S. Central Bridge customers by 80%. That looming price hike has triggered a quick rush to the exits as corporates and their members race for alternatives.

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February 20, 2012

With Fannie and Freddie Changes Afoot, Maryland CU Prepares

The 44,000-member, $540 million National Institutes of Health Federal Credit Union, headquartered in Rockville, Md., has been working to prepare its housing finance program for whatever the federal government may choose to do with the two giant mortgage entities Fannie Mae and Freddie Mac.

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February 19, 2012