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Membership Numbers Slowly Turned Upward, CU Consolidation Continued

By Michelle A. Samaad

MADISON, Wis. - The member count in 2004 had nearly stalled but this year looked a bit more promising. Earlier this year, industry estimates showed the industry would have nearly 88 million members by the end of 2005. The latest update from CUNA Mutual Group's Credit Union Trends Report shows...

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Use of Matriculas as ID Continued Controversial in 2005

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Considerable Turnover at NCUA, CUNA, and NAFCU in '05

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December 20, 2005

CUNA Launches $1B HLPR Mortgage Program

WASHINGTON-Credit unions seeking increased penetration in the low-income mortgage market need look no further than CUNA's Home Loan Payment Relief (HLPR-"helper") program. CUNA kicked off the program officially with a press conference at the National Press Club just prior to the hearing on credit unions' tax-exempt status. At the launching,...

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December 20, 2005

Fight Over Payday Lending Got Uglier in 2005

WASHINGTON - The fight between payday lenders and credit unions raged on in 2005. Credit unions which had begun to offer alternatives to payday loans for their members continued to do so in 2005, both in established programs such as those offered by the $13 billion State Employees' Credit Union,...

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December 20, 2005

Cormode Steps Down From Symitar

SAN DIEGO - Symitar President Bruce Cormode resigned from Symitar this year due to health problems. Cormode first went on leave, but he determined he needed to permanently leave the company and focus on his health. Parent company Jack Henry & Associates said there would always be a place for...

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December 20, 2005

Credit Unions (And Bankers!) Learn to Repeat After Chairman Thomas: Transparency, Accountability, and Verifiability

WASHINGTON-As one Virginia congressman put it, credit unions came closer than ever to taxation this year. In the most public of arenas to date, the tax-exempt status of credit unions was called into question during a hearing slated by House Ways and Means Committee Chairman Bill Thomas (R-Calif.). It was...

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December 20, 2005

ABA Up to its Old Tricks with Renewed Hope, New Lawsuits

WASHINGTON-The week of the congressional hearing on the credit union tax-exemption-and less than a year after NCUA did not appeal a Utah court's harsh remand of a field of membership approval in the state-the American Bankers Association filed two new court cases against the credit union regulator. One will again...

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December 20, 2005

D.C.-Based CU Organizations Roll Up Their Sleeves for Disaster Recovery

WASHINGTON-Everyone wanted in on helping credit unions in the areas hardest hit by Hurricane Katrina and other storms this summer. NCUA activated its emergency response policies, helped get and keep credit unions up and running by various means as necessary, and sent economic development specialists to the areas to help...

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December 20, 2005

2005: The Year of Card Fraud, Public Learns to Fear "Breaches"

WASHINGTON - Credit unions dropped millions, if not tens of millions of dollars in 2005 on the cost of closing and reissuing credit and debit cards for members whose card data was compromised in a series of enormous breaches of card security. The names of the cases, which came in...

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Top News Stories

Membership Numbers Slowly Turned Upward, CU Consolidation Continued

Use of Matriculas as ID Continued Controversial in 2005

Considerable Turnover at NCUA, CUNA, and NAFCU in '05

Recommended Just For You

News Stories

CUNA Launches $1B HLPR Mortgage Program

Fight Over Payday Lending Got Uglier in 2005

Cormode Steps Down From Symitar

Credit Unions (And Bankers!) Learn to Repeat After Chairman Thomas: Transparency, Accountability, and Verifiability

ABA Up to its Old Tricks with Renewed Hope, New Lawsuits

D.C.-Based CU Organizations Roll Up Their Sleeves for Disaster Recovery

2005: The Year of Card Fraud, Public Learns to Fear "Breaches"