Search Results

MADISON, Wis. - Credit unions continue to hold the largest share of their surplus funds in agency securities. According to the latest CUNA Mutual Group Trends Report, while surplus funds fell by nearly $10 billion in August reflecting both the decline in savings and the increase in loans, 39% of...

TOPEKA, Kan. - Political activism may be high on credit union agendas across the U.S., but a group of Topeka CU executives have stepped it up a notch with what is being described as a "classier, more sophisticated" program that relies in part on pinning down lawmaker CU support-"in writing."...

BELLEVUE, Wash. - A recent consumer study finds that Americans are adjusting their saving, spending and budgeting practices to match their current financial situation. According to the Coinstar National Currency Poll, overall, nearly half or more of respondents report they are taking active steps towards better managing their household budgets...

Credit Union Central Falls, R.I., has awarded $10,000 in annual scholarships to graduating seniors from area high schools. Recipients are selected based on grades, community involvement, financial need, and a personal essay illuminating the applicant's goals and aspirations. Each scholarship winner received a check for $2,000, and a $25 deposit...

WEST PALM BEACH, Fla. -CUNA Mutual has lost the insurance business from the nation's largest corporate and a near billion dollar corporate. For the first time in its 30-year history, U.S. Central is using another insurance company for its fidelity bond and other core coverage, such as director and officer...

BIRMINGHAM, Ala. - Credit union data processor EPL has added a business lending application to its arsenal.EPL partnered with Credit Union Business Services and Salem Associates to offer the Lending Automation Processing System (LAPS). LAPS covers the full lending cycle, from the loan origination process, decision making, and risk assessment...

Top 25 Largest CU Investment Portfolios

WASHINGTON-Four lawmakers from various states have recently expressed their support for the credit union tax exemption. Congressman Tim Ryan (D-Ohio) wrote President George W. Bush applauding him for his backing of credit unions' tax-exempt status. "Credit unions were created to provide financial services in a democratic, not-for-profit, cooperative manner -...