News

WASHINGTON - The $145 million Share Plus Federal Bank, headquartered in Plano, Texas, was the Share Plus Federal Credit Union until its membership voted in July of 2004 to move to a mutual bank charter. Now a publication from America's Community Bankers called Today's Mutual Community Banks, highlights the former...

FRISCO, Texas - Fiserv has been good for IntegraSys any way you cut it, says IntegraSys President Scott Butler. Butler says EDS' lack of commitment and investment when IntegraSys was still part of the mammoth IT firm, was starting to wear thin on IntegraSys' credit union clients. But things have...

ALEXANDRIA, Va.-Federal credit unions may provide members an advance in anticipation of a deposit to be made, according to a recent legal opinion from NCUA. NCUA Associate General Counsel Sheila Albin recommended that the credit union, however, consider individual and aggregate limits and address any other safety and soundness issues....

WASHINGTON - Proponents of credit unions taking on mutual bank charters will sometimes make the point that mutual bank depositors have similar rights. For example, they elect directors and participate in a mutual organization and, if the organization converts to a stock issuing bank, they vote in that decision as...

BAYTOWN, Texas - The backbone of this credit union's technology infrastructure is a Citrix server farm powering an array of emulated and embedded thin clients. From there, members can access their accounts through Digital Insight home banking, do bill pay with Metavante software, get their e-statements through a Lanvera system...

SALT LAKE CITY - With credit unions witnessing a downward slide in their auto loan portfolios, a group of Utah executives heard some do's and don'ts about ways to reverse the trend including "stop trying to be good at everything and focus on something you do well." That advice came...

WASHINGTON-Department of Housing and Urban Development Secretary Alphonso Jackson expressed concern that previous comments he had made to a credit union group were taken out of context in the press. Though he did not cite the publication, during remarks to America's Community Bankers Government Affairs Conference last week, Jackson joked...

SALT LAKE CITY - He's only been on the job a year and a half but the president/CEO of the Utah League of Credit Unions had to admit and even apologize "for getting misty eyed" so frequently when he discusses the passion he said he now holds for the CU...