News

TUCSON, Ariz. And DENVER, Colo. - Risk-based lending has brought dramatic changes to credit union business models, according to Ron Parker, partner involved in the credit union practice at the Tucson, Ariz., office of Clifton Gunderson. The CPA firm handles work for some 250 credit unions of all sizes. Parker...

Just how vulnerable are consumers going to be as rates continue to rise? Hear what credit union economists think. Page 8.

Marketing credit cards to Hispanics takes more than just translating brochures from English to Spanish. Read about that and other card and ATM news on pages 28-30.

ATLANTA - Michael Mercer, president/CEO of Georgia Credit Union Affiliates, welcomed the more than 200 attendees to Atlanta, calling on all to "stay grounded" in the midst of all the changes going on in the industry. "When I came to Georgia in 1980, there were 400 credit unions," Mercer said....

SAGINAW, Mich. - The $253 million Team One Credit Union, headquartered in Saginaw, Michigan saw a 38% increase in cardholder activation across its credit card programs after starting a card activation promotion. "With the average cost to acquire a new cardholder about six times more than maintaining existing ones, it's...

ATLANTA - The African-American Credit Union Coalition and the National Credit Union Foundation announced an alliance during the Coalition's annual meeting to fund its various outreach programs. The Pete Crear Fund, named for CUNA Vice President of External Relations Pete Crear, will be used to help fund AACUC's financial literacy/education...