News

A recent Watson Wyatt survey found that more companies are turning to Web 2.0 technologies such as social networking tools, blogs and Webcasts for internal communications and as part of their overall technology mix.

As inquiries climb, the potential for more credit union mergers, both voluntary and supervisory, particularly in the four sand states is due for a big spike through 2010, two consultants agreed last week.

During these economic times when spending money on branches may seem foolish, William Bily, vice president of design at design/build firm DEI, said credit unions need to think long-term and act accordingly.

National home prices gained a fraction in April, the first non-declining numbers in nearly a year for Integrated Asset Services' monthly IAS360(TM) House Price Index.

Executives with credit union said the ongoing recession is moving the economic advantages of shared branching to the front burner once again.

"There's a feeling" that economic conditions are improving for Arizona credit unions but "we may not be there yet," according to Steve Dunham, the chairman of the Arizona Credit Union League.

Credit unions that have sold their card portfolios and entered into agent issuer agreements with their purchasers remain by and large unhappy with their card issuing partners, according to a survey of CUs which have sold conducted by Asset Exchange.

More members are turning to First Financial Federal Credit Union for help in figuring out whether they're doing all they can to survive during their retirement years.