Search Results

PORTLAND, Ore. - The Portland Teachers CU and Oregon Community CU merger - which would have been the largest ever - is dead, for now. Last year the $1.6 billion Portland Teachers CU and the $700 million Oregon Community CU announced that they were exploring the possibility of a merger....

ARLINGTON, Va. - As the question of whether or not a credit union should sell its card portfolio remains active, more credit unions which have had success with their card programs have stepped forward to tell others how they have done it. Executives from three credit unions, the $4.7 billion...

WASHINGTON - As credit unions continue to make strides with student loans, competing head on with traditional lenders, a new lower consolidation rate this summer could prove to be more of a boon. On July 1, the interest rate on a Stafford loan will drop to 3.37%, the lowest percentage...

WASHINGTON - The Federal Deposit Insurance Corporation recently reported that banks had record earnings for the fifth quarter in a row. Contrary to banker cries that credit unions are taking away business from banks and thrifts, the 9,116 national banks and thrifts earned a $31.9 billion last quarter, up $858...

ALEXANDRIA, Va. - For most credit unions, maximizing yield is just as crucial as having liquidity, according to NAFCU's May Flash Survey. When asked to describe their investment strategy, 89% of credit unions surveyed said they strive to achieve a balance between maximizing yield and maintaining a liquid position. NAFCU...

What is the real story behind Citigroup's touting a $200 million contribution to financial education reported in "Financial Literacy-Checkmate for Bankers" which Credit Union Times ran on its Web site, May 27, 2004? What are they trying to hide? The real news behind this effort to manipulate public opinion is...

Looking back 14 years ago finds the American Bankers Association charging that a CUNA program to win bankers' signatures on statements of support violates antitrust laws. "Failing to make clear that your association is not advocating economic retaliation against those who do not sign the support statement could quickly raise...

WASHINGTON - The Federal Reserve on May 28 issued a consent Order to Cease and Desist and an Order of Assessment of Civil Money Penalty against Citigroup Inc. and its credit subsidiary CitiFinancial Credit Co. and ordered the largest financial institution in the U.S. to pay a penalty of $70...