News

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...

WASHINGTON - Whether and how credit unions and banks accept the so-called Matricula Consular as identification from new account openers continued controversial in 2005 as the issue became ensnared in the nation's broader conversation about immigration policy. The Mexican Government issues Matricula Consular cards for Mexican nationals who are living...

NCUA has had a bit of turnover at the highest levels. NCUA Board Member Debbie Matz announced her resignation this fall and is currently looking for a job, preferably within credit unions. In the meantime, Vice Chairman Rodney Hood and Board Member Gigi Hyland have joined the board. Additionally, Matz'...

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,...

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,...

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...