SAN DIEGO - For credit unions considering a switch to a community charter, it may not be such a field of dreams or a case of "build it and they will come." Instead, it's going to take a major effort on the part of credit unions making the transition to...
LAS VEGAS - It takes two parties to facilitate an indirect lending relationship - the credit union and auto dealer - and while CUs are well-aware of what they need and expect from dealers to make this service work, attendees at CUDL's 2004 Symposium held at the Venetian Hotel and...
CHICAGO - The National Federation of Community Development Credit Unions has received $400,000 from the Foundations of Bank One and J.P. Morgan Chase in order to fund community development credit union efforts to develop alternatives to so-called payday loans. According to a press release from Bank One, the grant will...
RANCHO CUCAMONGA, Calif. - Banks showed a fifth consecutive quarter of record profits, and the California and Nevada Credit Union Leagues want members of Congress to know that contrary to bankers allegations, the success of credit unions in the U.S. hasn't hurt the banking industry. To convey their message, the...
LAS VEGAS - Credit Union Direct Lending announced the winners of its 2004 Best Practices Awards during its Sixth Annual Auto Lending Symposium here. The CUs were honored for their overall indirect lending practices in the areas of dealer relations, member awareness, portfolio management, and program innovation. The winners were...
REDWOOD SHORES, Calif. - The $1.2 billion Provident Credit Union has found that if it makes a concerted effort to work its credit card program, that program will yield more of the results it wants to see. That's one of Provident's conclusions after watching its card balances increase by $1.8...
MADISON, Wis. - Even as the industry sees solid showings in lending and savings, the number of credit unions and more importantly member count, continues to fall. That is according to the latest CUNA Mutual Trends Report. The CU count is down 225 YTD, compared to a decline of 103...
ARLINGTON, Va. - NAFCU told NACHA in a recent comment letter that it basically supports its proposed changes to clean up unauthorized Telephone-Initiated (TEL) Entries. NAFCU President and CEO Fred Becker wrote that it approved much of the proposed requirements, including expanding return entry monitoring to include all Standard Entry...
WASHINGTON - The Federal Trade Commission team working on drafting a proposal for a regulation requiring privately insured credit unions to disclose the fact they do not carry federal insurance hopes to have a proposed regulation out this fall. According to FTC Staff Attorney in the Division of Enforcement Neil...
TALLAHASSEE, Fla. - Trudy Prince, CCUE, president/CEO of Central Florida HealthCare FCU, was selected as the new chairman of the Florida Credit Union League at the league's annual business meeting on June 17 which preceded its 70th Annual Convention and Exposition. Prince succeeds Greg Blount, president/CEO of Tropical Financial CU,...