News

With the proliferation of alternative financial services outlets such as check cashing stores, Filene Research Institute set out to create a project for credit unions to offer more choices to members and nonmembers, especially from low-income households. The institute has just released its report, REAL Solutions: Solving the Financial Service...

System-wide there remains adequate liquidity, but the ratio of surplus funds-to-assets has steadily eroded to its current level of 25.9%.

The past several months have seen the high courts in several states adopt amendments to IOLTA rules and guidelines with the goal of increasing IOLTA revenues, the National Association of IOLTA Programs reports.

Since most credit union plans are relatively well funded, the recently signed Pension Protection Act of 2006 is not a "panic type" of legislation, CUNA Mutual Group has assured.

The quality and depth of relationships with members continues to be a major concern for the industry. According to CUNA Mutual Group's just-released August Credit Union Trends Report, at 88.5 million, credit unions have added 1.4 million members. Through August, membership gains have averaged 180,000 per month, including the estimated...

Audia Williams wasn't expecting more than 200 people to attend her breakout session at the recent Africa Savings and Credit Co-operative Association African Congress held here, but her knowledge of setting deposit rates stirred interest in the packed room. Williams, president/manager of $8 million Union Settlement Federal Credit Union, was...