Credit Union Times | Accurate and Timely CU News

Both Bank Failures and Mergers Can Hurt Consumer Image, Says Atlanta CEO

By Jim Rubenstein

Bank failures as well as financial mergers "remain negative influences" on the bank and credit union public, according to the president/CEO of Georgia's second largest CU, the $1.9 billion Atlanta Postal CU.

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On-Site Coverage: Frank Says Stronger Regulation Needed to Save Capitalism

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Pittsburgh CU 'Swamped,' Doubles Loans Amid State Budget Crisis

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July 26, 2009

Bunning Not Seeking Re-election

Sen. Jim Bunning, a member of the Banking Committee who often supported credit unions and criticized the Federal Reserve, announced today he will not seek re-election when his term expires next year.

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July 26, 2009

Mercer: 16th Failure in Georgia Likely to Draw CU Business

Another weekend failure of a $2.8 billion Georgia bank chain could bring more "deposit inflows" into credit unions in the state, the president/CEO of Georgia Credit Union Affiliates said today.

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July 23, 2009

On-Site Coverage: Credit Card Specialist Provides Advice on Increasing Loyalty to Products

NATIONAL HARBOR, Md. -- Because of the strong trust they engender, credit unions are in a strong position to generate more use of their existing credit cards or enter the market for the first time.

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July 23, 2009

Chrysler Shifts Focus From Invest to Clunkers

Chrysler announced that it will be refocusing its efforts away from the Invest in America program to concentrate on one program, Double Your Cash for Clunkers.

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July 23, 2009

Burrell Scores New Sales Gig at RiskSpan

Robert Burrell, former chief investment officer at Western Corporate Federal Credit Union, has turned up at RiskSpan, the Stamford, Conn.-based data and risk management firm.

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July 23, 2009

SEC Seeks to Curtail 'Pay to Play' Practices

The SEC has voted unanimously to propose measures intended to curtail "pay to play" practices by investment advisers that seek to manage money for state and local governments.

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July 23, 2009