Credit Union Times | Accurate and Timely CU News

Lower Income Consumers Use Debit Cards Markedly More, MasterCard Says

By David Morrison

More evidence has come to light that suggests credit unions with more lower income members may take a deeper hit from the upcoming cap on debit card interchange than CUs with fewer lower income members.

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Smith of LGFCU Posts Own Site in CUNA Race

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NCUA Liquidates Kappa Alpha Psi FCU

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August 02, 2010

Corporate Central Brags Nearly 4% Core Capital, 1% Retained Earnings

The $1.9 billion Corporate Central Credit Union announced yesterday it has raised $50 million worth of Tier-One capital from members, raising its core capital ratio to nearly 4%.

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August 02, 2010

Southeast Corporate Introduces Corporate Value Videos

With all the turbulence surrounding corporates these days, Southeast Corporate is doing its part to remind members of the value they provide.

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August 01, 2010

Loans and Credit Quality Up at CUs According to CUNA Survey

Outstanding loans increased at a slightly higher rate in June, savings balances declined and share accounts rose slightly, according to a CUNA survey of 400 credit unions.

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August 01, 2010

Vons Acquires Certified

Effective Saturday, July 31, the $323 million Vons Employees Federal Credit Union acquired the troubled $36 million Certified Federal Credit Union, which plunged to -17% net worth as of June 30.

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August 01, 2010

U.S. Central Loses Another $40M

The $30 billion U.S. Central FCU reported a $39.4 million second quarter net loss today, further depleting the corporate stabilization fund's $1 billion capital note to $310 million.

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August 01, 2010