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ST. PAUL, Minn. - Minnesota credit unions wrapped up a Senate-designated Financial Literacy Month with financial education workshops hosted by the Minnesota Credit Union Network, University of Minnesota Extension Service and the Minnesota Family Involvement Council. The three groups formed an alliance with the National Endowment for Financial Education (NEFE)...

MADISON, Wis. - MEMBERS Development Company's latest focus is Customer Relationship Management. MEMBERS Development, owned by CUNA Mutual and credit unions, is an R&D firm that uses its credit union owners as a gauge for what products and services there is a need for in the industry. The company has...

LENEXA, Kansas - U.S. Central's first quarter results are in. U.S. Central's assets were $39.4 billion as of March 31, up $4.4 billion from Dec. 31, but slightly lower than the $40.6 billion last year on March 31. Net income was also down in the first quarter, going from $19.4...

WASHINGTON - The Credit Union Regulatory Improvements Act (H.R. 3579) was expected to gain some more cosponsors last week, according to CUNA Vice President of Legislative Affairs and Senior Legislative Counsel Gary Kohn. "Cosponsors continue to trickle in and I think officially it's at 39 now, but that will be...

ANCHORAGE, Alaska - Just a few weeks after a ruling by the U.S. Department of Housing and Urban Development (HUD) took effect allowing Hybrid Adjustable Rate Mortgages (ARMs), Alaska USA FCU and its affiliates have introduced FHA insured 3/1 and 5/1 Hybrid ARMs. The products are 30-year mortgages, with a...

LAS VEGAS - If wealth-characteristic research shows members would benefit from trust services, credit unions and CUSOs have several options to choose from in bringing a wide array of offerings to their members, two experts recently told attendees at NACUSO's annual conference. Speaking before nearly 200 attendees on May 3,...

ALBANY, N.Y. - The $5.2 billion Empire has re-launched its Term Line of Credit (LOC) facility, which can be used by credit unions as a long-term funding source for asset-liability management. According to Empire, the strength of the Term LOC is it provides immediate access to liquidity and offers long-term...

ALEXANDRIA, Va. - NCUA recently liquidated two credit unions. It announced April 30 that it liquidated Oak Cliff Community Federal Credit Union in Dallas and authorized purchase and assumption of its assets and shares by Your Federal Credit Union. Your Federal Credit Union, which has already taken over the East...