BISMARCK, N.D. - Highmark FCU recently completed a $2.97 million transaction through Midwest Corporate FCU's CARPooL program. The CARPooL program is a Charlie Mac product that corporates offer their member credit unions. The $2.97 million transaction allows Highmark FCU to clear its balance sheet and offer new loans. "A strategic...
When I joined the corporate credit union network just over 10 years ago, I was basically unaware of this segment of the credit union system. Of course, I was familiar with my local corporate, but I had never actually heard of the "corporate credit union network" as such, or of...
HOUSTON - Shell Employees Federal Credit Union is offering members a free seminar on the topic of Car Buying. Open to the public the seminar will focus on how easy it is to buy a new or pre-owned automobile. Speakers will include Bert Savage from Fred Hass Toyota World and...
PETERBOROUGH, N.H. - The $43 million Springfield Teachers Credit Union has sold its $2 million credit card portfolio to InfiCorp, according to Brookwood Capital, the fledgling credit card portfolio broker headquartered in New Hampshire. Asset Exchange, the card brokerage firm headquartered in Portland, Oregon, also announced that InfiCorp has purchased...
HARRISBURG, Pa. - Pennsylvania Credit Union Association President/CEO Jim McCormack responded to recent attacks against by the Pennsylvania Association of Community Bankers and the Pennsylvania Bankers Association against the Credit Union Regulatory Improvements Act (CURIA) by writing to the state's 19 congressional delegates urging them to support CURIA (H.R. 3579)....
COLUMBUS, Ohio - Corporate One has successfully transmitted and accepted its first set of check images to and from the Endpoint Exchange Network. The exchange was part of a test of Corporate One's new electronic deposit automation solution. Corporate One partnered with Endpoint Exchange as part of its efforts to...
ARVADA, Colo. - The Association of Corporate Credit Unions' Executive Committee held its strategic planning meeting in Colorado last week and among other things, dues were on the agenda. SunCorp President/CEO Eric Kenealy is currently ACCU's chairman so he is hosting this event so to speak at SunCorp's headquarters, said...
CEO compensation has been a sensitive subject for as long as there have been CEOs. It's especially sensitive for credit union CEOs because they work for unpaid volunteer boards. Human nature being what it is, people love to find out exactly what someone else is making. One of the most...
TALLAHASSEE, Fla. - The state of Florida is weighing in on the issue of financial literacy and Florida's Chief Financial Officer Tom Gallagher is hoping a new statewide public education initiative called Your Money, Your Life will help consumers here up their money management IQ. According to a recently released...
WOBURN, Mass. - EasCorp has formed a new CUSO that might sound like its name is derived from a tax form, but for the credit union faithful it's an historical name. The new CUSO is dubbed 1909 Financial Advisors, LLC. The name honors the year the first credit union law...