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LAKEWOOD, NJ. - The Credit Union's Virtual Assistant riddle contest continues. In an effort to draw attention to a marketing strategy it claims most credit unions ignore CUVA penned the following riddle: "All the Money in the World Can't Buy it Though High Returns Would Justify it" "There's No Risk...

WASHINGTON-CUNA has asked the Federal Trade Commission to create a carve-out in its proposed regulation under the CAN-SPAM Act (Controlling the Assault of Non-Solicited Pornography and Marketing Act of 2003) for credit unions or trade associations. The law charges the FTC with issuing rules defining when an e-mail has a...

Contests seem to be all the rage these days. Why even the banking industry has taken to awarding prizes as part of their ongoing anti-credit union campaign. Banking industry rewards are given for something as simple as writing a letter to lawmakers blasting CURIA, to catching credit unions in the...

ALBUQUERQUE, N.M. - State and federal regulators may have differences of opinion on several issues, but they should be on the same page when it comes to generating membership growth to protect the safety and soundness of the credit unions they regulate. Speaking on day three of NASCUS' Annual Conference,...

*Home Equity Conversion Mortgages (HECMs) account for approximately 95% of all funded reverse mortgages in the U.S. *Loan limits for the two most prominent types of reverse mortgages - HECMs and Home Keeper Loans - rose sharply in 2004 to $290,319 and $333,700 respectively, to match the increases in Fannie...

HUNTINGTON PARK, Calif. - Financial Partners Credit Union has joined forces with Congresswoman Lucille Roybal-Allard (D-Calif.) and the National Association of Latino Elected and Appointed Officials Educational Fund to host the U.S. Citizenship Workshop, to help local residents apply for naturalization. While Financial Partners CU is known for its community...

ARLINGTON, Va. - Arguing that "credit unions continue to be punished for their success because they are restricted in their access to capital," and reiterating NASCUS' support for alternative capital reform beyond risk-based, net worth requirements, NASCUS Chairman Roger Little made clear the association's position that it disagrees with the...

WASHINGTON - The aging baby boomer population is finding a new tool in an unlikely place that allows them to finance temporary cash flow needs - reverse mortgages. As this mortgage solution gains in popularity at a time when credit unions' purchase origination and refinance volume declines, it may be...