News

BETHESDA, Md. - Allpoint, the nationwide non-reciprocal surcharge-free ATM network, continued to grow in 2005 as both credit union and banks executives began to better understand how the network's nonreciprocal pricing strategy and large footprint can help them serve their members and customers. The network, which provides nationwide surcharge-free access...

WEST PALM BEACH, Fla. - The growing ranks of credit unions boasting $1 billion or more in assets meant it was no problem in 2005 to find candidates for Credit Union Times' Billionaires Club. By mid-year the count had risen to 104. Many people would argue economies of scale can...

BISMARCK, N.D. - 2005 has been a rocky one for North Dakota credit unions and their trade group. The latest brouhaha involving the North Dakota Credit Union League and the North Dakota Bankers Association over a newly enacted FOM law was set to surface during the December meeting of the...

PHILADELPHIA - A scammer gets convicted for duping credit unions and other financial institutions, and more credit unions move their investment CUSOs in-house were among the top stories this year. For his role in a Ponzi scheme that hundreds of credit unions and others invested $370 million in, Robert L....

MANHATTAN BEACH, Calif. - Long-time Kinecta FCU CEO Thomas Graham departed the $3 billion credit union on April 29. Graham's absence from the industry was short-lived, as this fall he was named as CEO of SunCorp, replacing Eric Kenealy, who was terminated for reasons still unknown. Graham, who joined Kinecta...

ALEXANDRIA, Va. - For credit unions' loan portfolios and membership ranks, indirect lending seemed to kick into fourth gear this year as a major factor. But that activity may have been tempered for the second half of 2005 after NCUA put federally-insured credit unions on notice with its Risk Alert...