News

WASHINGTON - The SBA wants to hear ideas from credit unions and the private sector on ways the agency can improve its disaster assistance program. "Where there are ideas to improve the federal government's response to such unprecedented natural disasters as the 2005 hurricanes along the Gulf Coast, it is...

LIVINGSTON, Mont. - Over a three-year period, Sky Federal Credit Union has taken its business services program to several levels. The $70 million credit union started its business lending program two years prior to signing on with CU Business Group, LLC last March. But even before the alliance, it saw...

ST. CHARLES, Mo. - Gary Hinrichs compares the business lending experience for credit unions to the famous Life cereal commercial that spawned one of the most famous catchphrases in advertising history. "I'm not gonna try it. You try it. Give it to Mikey, he hates everything.He likes it, Hey Mikey!"...

WASHINGTON - Nearly six months after the U.S. Department of the Treasury launched a campaign to encourage small businesses to file their federal taxes electronically, the agency is calling on credit unions to assist with the effort. The Simplify campaign was rolled out last November to promote the benefits of...

Turn to page 30 for complete coverage of NCUA's March meeting where it ruled on two community charter applications and an interim rule on share insurance coverage. It also reviewed its annual budget and its five-year strategic plan.

QUEBEC, Canada - One of Canada's first credit unions, named for one of the founders of the credit union movement, Desjardins Group, is looking to expand its business outside Quebec by opening a brokerage unit in Toronto and to sell insurance in Ontario if legislative approval is granted. Some provinces...

WASHINGTON-America's Community Bankers President and CEO Diane Casey-Landry highlighted the fund-raising ability of the Credit Union Legislative Action Council of CUNA and urged the bankers to compete. To illustrate her point, Casey-Landry held up a copy of a Credit Union Times article regarding CULAC's size and breadth of contributions both...

MONTEREY, Calif. - Credit unions that want to serve the Hispanic market should be prepared to ask themselves difficult questions, like whether or not their current members will feel comfortable standing in teller lines with large numbers of newly arrived immigrants, said CES Credit Union Vice President Kelly Schermerhorn, who...