News

There may be no more contentious question in the typically placid world of credit unions than this: How many corporate credit unions are needed to keep the system smoothly functioning? And that leads to the allied question: Do we need any corporates at all?

Don’t be quick to dismiss the iPad as just a fad. According to Celent Senior Analyst Bob Meara, with their distinctive attributes like mobility, ability to operate in both online and offline environments, rich video delivery capability and a platform that encourages interactivity between staffers and consumers, tablets may be...

The credit union industry is known for its kinship. Few dare to go on record and point fingers at their credit union peers for poor loan performance.

A professor of law at Brooklyn Law School argued that credit unions should back the privatization of Fannie Mae and Freddie Mac, provided they can also ensure they get the same access to a privatized secondary mortgage market that banks would get.

Underscoring a policy aimed at reaching out to small community banks and credit unions, the Federal Reserve Board and its district banks last week began completing a series of high-level CEO appointments to its new advisory panels.

The sign on some credit union doors this spring might be "Help Wanted: Highly Educated Chief Financial Officers, Well-Versed in the New Accounting Rules and Ready to Put in Long Hours on Mergers." And one other requirement: the employing credit union best prepare to spend big bucks for outside accounting...