News

In one of his first moves as NAFCU's new chairman, Campus Federal Credit Union President and CEO John Milazzo is encouraging member credit unions to get more active while their representatives in Washington are out in their home districts. Congress traditionally takes the month of August as a "district work...

Credit unions, using their advantage of member loyalty, should be doing a much better job than banks on indirect lending, but it requires "schmoozing" dealers, giving them upfront deals on buy rates and looking more carefully at C, D, and E paper as profitable investments.

CUNA Mutual is getting into crop insurance and it hopes it will help credit unions expand their membership with the target market for crop insurance--farmers and agriculture producers.

Older consumers, traditionally, have not carried as much of a debt load, particularly credit card debt, when compared to younger consumers.

Credit unions will likely be facing higher IT security expenses late this year as they implement new NCUA e-commerce procedures affecting online banking, according to the CEO of the $2.3 billion Pennsylvania State Employees CU.

Bill Myers is just as excited about the direction Alternatives Federal Credit Union is poised to go in as he is about leaving the financial institution he has led for nearly three decades. The president/CEO recently announced his plans to retire in June 2007 after 28 years at the helm....