Search Results

MADISON, Wis. - More credit unions are turning to remote channels to increase their lending growth and cross-selling their financial products and services during the loan transaction to stay competitive. This, according to the latest Lending Strategies and Trends Research report from CUNA Mutual Group. Seventy-six percent of credit unions...

ECCT.net, a technology solutions provider, has named Scott Norcott credit union technology specialist. Aimbridge Indirect Lending, a division of Aimbridge, has promoted Debra Kirkpatrick to vice president of operations.

WASHINGTON-The federal financial institutions regulatory agencies issued a proposed regulation last week providing consumers the chance to "opt out" of affiliate information sharing for marketing purposes. The proposal includes a general prohibition on using certain consumer information from an affiliate organization to solicit them unless the consumer first has the...

Arkansas Federal Credit Union, Jacksonville, has promoted the following employees: Craig Savell to executive vice president; Terry Borrenson to senior vice president finance and administration; Terry Vick to vice president lending and sales; Sandy Bearry to Jacksonville branch manager; and Tammy Christian to Conway branch manager. Memphis Area Teachers' Credit...

WASHINGTON-CUNA and NAFCU joined forces on a July 8 letter to House Ways and Means Committee Chairman Bill Thomas (R-Calif.) pointing out the inaccuracies of a letter June 29 by the bankers stating that credit unions should have to file Form 990 with the Internal Revenue Service. The letter signed...

WASHINGTON-The number of representatives supporting the Credit Union Regulatory Improvements Act (H.R. 3579) recently rose to 61, as Congressman Kendrick Meek (D-Fla.) signed onto the bill. CURIA would expand credit unions' ability to participate in member business lending by increasing the cap from 12.25% of assets to 20% and increasing...

NEWPORT BEACH, Calif. - The National Association of Credit Union Service Organizations is concerned that there is no mention of `CUSOs' in an SEC proposal that would allow credit unions to conduct certain activities without registering as a broker/dealer. "Note that banks and thrifts will have more extensive powers" (but)...

HAMILTON, Ohio - Chaco Credit Union CEO Ron Lang will be resigning from his position on July 16 to take the CEO job at Detroit Municipal CU. Lang moves from a $121 million CU in Chaco to a $384 million CU in Detroit Municipal. Lang replaces Mary Jane Bernard who...