Credit Union Times | Accurate and Timely CU News

Overdrafts Becoming More Popular with Some CUs; NCUA Explains Risks and Benefits

By Sarah Snell Cooke

ALEXANDRIA, Va.-Debate has continued within the credit union movement over whether overdraft programs are appropriate for the member-oriented non-profits. Some, like State Employees Credit Union (Raleigh, N.C.) CEO Jim Blaine, have passionately spoken out against it unless limited, while others point out that it saves members from merchant fees on...

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Dias Announces Retirement Plans

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Card Portfolio Sales Started Stronger Than They Finished in 2005

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December 20, 2005

Industry Experiences Casualties in Trust Services Arena, Launches Not as Frequent

MANHATTAN BEACH, Calif. - It's still hard to pinpoint the number of credit unions that offer trust services, but not as many ventured into trust services this year compared to 2004. The industry even saw a few unexpected shutdowns. The $2.9 billion Kinecta FCU announced it would start offering its...

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December 20, 2005

2005 Sees Changing of the Guard at Several Leagues

WEST PALM BEACH, Fla. - There was no shortage of the changing of the guard at various leagues around the country in 2005. Just as in 2004, this year saw many league leaders' names disappear from the door of the corner office to be replaced by other names . Some...

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December 20, 2005

Year in Review From Around The World

Although credit unions around the world share the same basic values, the challenges they face in different countries is varied. 2005 represented some gains and some losses. It was the year where natural disasters caused credit unions to open their pockets for the victims of the tsunami, AIDS and earthquakes....

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December 20, 2005

Kampen Resigns From U.S. Central

LENEXA, Kan. - Dan Kampen resigned from U.S. Central on Aug. 3. Kampen, who led the corporates' corporate since 1997, made it longer than most U.S. Central CEOs. The job averages about a seven-year tenure. Details around Kampen's departure are hazy, but some say he was forced out due to...

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December 20, 2005

House Passes GSE Reform Bill After Five Years of Trying

WEST PALM BEACH, Fla. - If there's one word that can be used to describe the mortgage market in 2005 it's `change.' Not only did the year see the end of the refinance market that boasted the lowest interest rates in years and the emergence of many so-called exotic loan...

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December 20, 2005

November 2005 Marks End of Two-Member NCUA Board, `New Day'

ALEXANDRIA, Va.-With just one member each from opposing political parties serving on the three-member NCUA Board for most of 2005, some decisions were postponed until an agreement could be reached. But as of November, the NCUA Board returned to its full complement with the resignation of NCUA Board Member Debbie...

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December 20, 2005

Maryland, D.C. Leagues Pull Off First Industry League Merger

COLUMBIA, Md. - The credit union industry has known its share of credit union and league mergers that almost reached the contract signing stage only to be called off at the last minute, to the surprise of many, because of a variety of reasons. That though was not the case...

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Top News Stories

Overdrafts Becoming More Popular with Some CUs; NCUA Explains Risks and Benefits

Dias Announces Retirement Plans

Card Portfolio Sales Started Stronger Than They Finished in 2005

Recommended Just For You

News Stories

Industry Experiences Casualties in Trust Services Arena, Launches Not as Frequent

2005 Sees Changing of the Guard at Several Leagues

Year in Review From Around The World

Kampen Resigns From U.S. Central

House Passes GSE Reform Bill After Five Years of Trying

November 2005 Marks End of Two-Member NCUA Board, `New Day'

Maryland, D.C. Leagues Pull Off First Industry League Merger