News

With all of the attention on saving big banks and the auto industry, one CUSO CEO is hopeful that the new Small Business Administration leader will see the potential for small businesses to restore the nation's economy.

BASTROP, Texas - Credit union executives attending CO-OP Financial Services' THINK 09 conference were told that taking a critical look at their point of sale networks could save their credit unions a good deal of money.

BASTROP, Texas -- A consultant close to President Obama told attendees of CO-OP Financial Services' THINK 09 conference that keeping up a strong flow of internal communications had been key to Obama's organizing success.

Corporate credit unions shouldn't be able to concentrate their money in long-term investments and should focus their activities on payments, settlement, short-term investments and liquidity, CUNA wrote NCUA yesterday.

Approximately 450 individuals and organizations filed comment letters with the NCUA on changes to the structure of corporate credit unions, the agency said today.

Not releasing any specific details on where things currently stand, Eastern Financial Florida Credit Union would only say it is working quickly to rectify its problems.

BASTROP, Texas - Addressing credit union executives attending CO-OP Financial Services' THINK 09 conference, former NCUA Board Chairman Dennis Dollar said the current economic downturn had made a 1% return on assets an impossible standard.

BASTROP, Texas - A new study has found that credit unions that use shared branching services have a higher profitability than those who do not.