The credit union industry is being confronted with a changing financial business model and various issues such as decreasing membership growth, an aging membership, minimal market differentiation, commodization and consolidation, that it needs to deal with to remain competitive. By forming the National Center for Collaboration and Innovation, NACUSO wants...
The $66 million Riegelwood Federal Credit Union continues to be a major player here in helping victims recover from a Nov. 16 tornado by raising $37,000 in disaster relief as well as contributing to the cleanup effort.
The $58 million Family Financial Credit Union has had to close roughly 1,000 card accounts and reissue cards in reaction to another retailer card security breach. Other financial institutions in the area must do the same.
Credit unions' improved management of their credit card portfolios has started showing up in the latest statistics, according to analysis performed by card brokerage firms.
According to the latest data from the Small Business Administration, the average loan amount for credit unions participating in the agency's loan programs is $96,718.91 As of Sept. 30, there are 310 credit unions participating in SBA's 7(a) lending program. The $1.8 billion Mountain America Credit Union continues to top...
