News

WEST PALM BEACH, Fla. - As identity theft continues to top the Federal Trade Commission list of consumer complaints credit unions have increasingly taken a more proactive approach designed to help members in the fraud and identity theft fight. According to the FTC, identity theft complaints represented 37% of the...

WASHINGTON - Investments as a percentage of assets were as high as 81% and as low as 11% for the country's top 50 largest credit unions as of Sept. 30, 2005. According to Callahan & Associates, the most current data shows that Connecticut State Employees Credit Union had 81.38% of...

WEST PALM BEACH, Fla. - When it comes to providing member convenience and building member relationships more credit unions are taking another look at branching out. While the branch has never been "out", talks of it playing a diminished role in reaching members were greatly exaggerated. Whether large or small,...

NEW YORK - Cliff Rosenthal, executive director of the National Federation of Community Development Credit Unions, said the Federation had looked occasionally at this question because of the attempts some have made over the years to try to split the credit union industry by size. The presumption has always been...

RANCHO CUCOMONGA, Calif. - It is once again time for the Lexus Newport to Ensenada International Yacht Race to benefit the Richard Myles Johnson Foundation, which promotes credit union education and financial literacy. The annual 125-mile competition begins at noon on Friday, April 28 and of the over 500 boats...

Jim Hanisch, executive vice president for CO-OP Network, said the credit union ATM and EFT giant expected that the network would survive the loss of the tax-exemption but that it might have to change some of its policies and procedures to give its credit union members the best ATM strategy...

MERRIFIELD, Va. - The tax-exemption is a privilege that credit unions have rightly earned and it is incumbent upon the industry to remind the public of why that is the case and why it should remain intact, according to Cutler Dawson, the president/CEO of Navy FCU. Should it be removed,...

FORT WORTH, Texas - No doubt the "challenge of taxation" would certainly undermine the strength of the credit union movement but American Airlines Federal Credit Union would survive and provide value to its member-owners, according to John Tippets, its president/CEO. However, taxation would be felt "much more at the macro...