While its been a little over a year since Telesis Community Credit Union went under conservatorship, credit unions may find there are still more lessons to learn from the cooperatives collapse.
The $1.2 billion Numerica Credit Union in Spokane, Wash., is now using an automated software program to help jump into commercial and industrial lending, an area of untapped potential for many credit unions, the credit union said.
Skeptics who saw the seeds of an eventual bank charter in the advent of American Express and Walmart had a change of heart and last week and announced that the jointly sponsored Bluebird prepaid card will carry FDIC deposit.
Bank Transfer Day, the November 2011 consumer driven effort to move money from large banks to credit unions or community banks, inspired the three finalists for this years CO-OP Financial Services THINK prize.
