WEST PALM BEACH, Fla. - Power outages like those experienced in the Midwest and Northeast on August 14 may have many credit unions running out to buy generators, but facility experts advise caution. "The moral to draw from the recent blackouts is what expense a credit union wants to incur,"...
MADISON, Wis. - While convenience, particularly office location, is the factor cited most often by consumers in selecting a checking provider, credit union members want more. A recent Filene Research Institute study titled Marketing Checking Accounts to Members: A Guide for CUs finds that households with checking services only at...
DURHAM, N. C. - Experts agree that the earlier credit unions tap into the youth market the better. The Latino Community Credit Union is doing its part to help local kids and teens become more financially savvy by recently launching two new savings accounts- the Children's Account, for those up...
CUSOs' role in the credit union industry has evolved and the services they're providing have expanded to include new opportunities for credit unions such as small business lending. Read all about it on pages 18 and 19.
ALEXANDRIA, Va.-NCUA Chairman Dennis Dollar responded recently to questions posed by top financial services lawmakers regarding the problems with the current Prompt Corrective Action system and credit unions' use of secondary capital. House Financial Services Committee Chairman Mike Oxley (R-Ohio), Ranking Member Barney Frank (D-Mass.), and committee member Brad Sherman...
VIENNA, Va. - Visa, the largest credit and debit card association, has recognized Navy Federal Credit Union's customer service for its Visa cardholders with a pair of awards. The credit union beat out other very large card issuing institutions. The award program groups Visa members and processors into three tiers...
BIRMINGHAM, Ala. - The Camellia State was recently ranked by an economic and business expert as being one of the top five states in the U.S. for small businesses, and the Alabama Credit Union League wants to be there to leverage that reputation and provide small businesses with the products...
ALEXANDRIA, Va.-Two independent sources within the credit union community who asked to remain anonymous have confirmed that rumors are surfacing that the nomination of the next NCUA Board member is imminent. Both sources said they expected the president to make a nomination to the NCUA Board as early as last...
Raymond Batzel, the Xerox FCU member killed during the robbery at the Webster branch, worked as a materials machine operator for Xerox and is survived by a wife, Sharon, and three children. The credit union has donated $10,000 to a fund established to help further his children's education. The fund...
LAUREL, Mont. - The $69.3 million Laurel Federal Credit Union is merging with the $13 million Mountain State Federal Credit Union of Billings on Aug. 30. The combined institution "will bring additional products and services as well as better economies," said Rhonda Diefenderfer, president/CEO of Laurel FCU, the surviving CU....