• Members earn bonuses with CCFCU's User's Credit Program

    BROOKLYN CENTER, Minn. - City County FCU insists there's no catch, its new User's Credit Program doesn't cost members any money to use. In fact, it's just the reverse. CCFCU will pay members a bonus for using the credit union's services. It's a way for the $270 million credit union-the...

  • Seven CUs honored for best indirect lending practices

    LAS VEGAS - Seven credit unions from four states were honored for their best practices in indirect lending during CU Direct Corp.'s annual CUDL Auto Lending Symposium held June 20-21. Recognized within their asset category for having processes in place for funding quality indirect loans were Tracy FCU, Calif. (less...

  • Credit unions' auto loan penetration among members still sagging

    WASHINGTON - At first glance at Callahan & Associates' June report, credit unions' auto loan portfolios are in fine shape. After all, they account for 40.1% of CUs' loan portfolios. As impressive as that number is, there's still considerable room for improvement when it comes to CUs' auto loan penetration...

  • Treasury to reconsider reporting on nonresident aliens

    WASHINGTON-The Treasury Department will consider reducing the burden associated with its proposed guidance requiring financial institutions to report deposit interest paid to all nonresident alien individuals. Currently, this only needs to be completed for those claiming to be Canadian. CUNA Associate General Counsel Mary Dunn represented credit unions at a...

  • New WOCCU Board hails from four corners of the world

    MADISON, Wis. - If you cover the world as the World Council of Credit Unions (WOCCU) does, then it makes good sense to have representation from around the world. In the past, the WOCCU Board was heavily weighted by U.S. membership, although there were other countries on the board. That...

  • Miller CU Times' new Midwest correspondent

    WEST PALM BEACH, Fla. - Credit Union Times announces the newest addition to the newspaper's growing list of correspondents - Jay Miller, Midwest correspondent. Miller has been a news reporter and freelance writer, specializing in business, business history and healthcare finance since 1982. As a staff reporter for Crain's Cleveland...

  • CUs should invest in corporates

    I wholeheartedly agree with Richard Johnson, president/CEO of WesCorp, regarding his letter in the June 6 issue of Credit Union Times in which he questions why so many credit unions invest outside our own corporates. Volunteer Corporate CU (our corporate here in the beautiful state of Tennessee), is run by,...

  • Wakeup call

    In reading your June 6 article on "Will handheld banking grow beyond niche into mainstream use?" I found, as I hope many did, a balanced article containing arguments from both sides of the question. However, I was surprised and somewhat disappointed as to the source of the negative remarks, as...

  • CUNA's NCUA budget review complete

    WASHINGTON-Logistics Management Inc. (LMI) concluded that NCUA employs a "consistent and well-documented" budget process in making staffing and resource choices, according to CUNA, which funded the study. LMI did criticize the agency's lack of external oversight of the budget and added that the budget presentation format could be revamped to...

  • Credit union ATM airport volume nears 1 million in Denver

    DENVER - It was called a credit union coup a year and a half ago when the $400 million Public Service Credit Union of Denver beat out banks the likes of BankofAmerica, KeyBanks and Wells Fargo to operate the ATM concession at Denver's sprawling International Airport. Has Public Service made...