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Addison Avenue FCU Holds Big Bank Intervention

By Myriam DiGiovanni

Addison Avenue Federal Credit Union wants to help consumers kick their big bank habit.

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Board, Election Controversy Roils PSFCU Again

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Small CUs Generally Well Capitalized

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September 15, 2009

CU Member Engagement Scores Drop

A recently released Allegiance, Inc. National Benchmarking/Pulse of America survey finds that as of mid-year consumer expectations of banks and credit unions have shifted away from the roles of industry leader and protector of customer/member finances.

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September 15, 2009

Corporates Anticipating Own '08 Audit Releases

U.S. Central's audit passes the capital hot potato down to retail corporates, which must now adjust their capital to cover for U.S. Central's losses, as well as their own investment losses.

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September 15, 2009

CUNA and NAFCU Reiterate Opposition to CRA in Letters to Lawmakers

Credit unions have an excellent record of serving the underserved and if more financial institutions acted like them there would be no need for the Community Reinvestment Act, CUNA and NAFCU each wrote the House Financial Services Committee.

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September 15, 2009

2008's Steep Membership Decline Not Expected This Year

While year-to-date membership growth mirrors what it looked like around last July, it is not expected to mimic the steep decline seen in the second half of 2008.

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September 15, 2009

WesCorp Lawsuit Reveals Upsetting E-mail Breach

Western Corporate Federal Credit Union filed an April 20 lawsuit against a group of unnamed John Does who gained access to its e-mail system and sent an upsetting e-mail to all employees.

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September 15, 2009