BALTIMORE, Md. - NACUSO recently announced the winners of its `CUSO Professional of the Year Award" and "Best Practices Recognition Award" during the formal Awards and Corporate Sponsor Luncheon held during the association's 2003 Fall Leadership Conference. The five NACUSO Best Practices Committee judges selected Kinecta Financial and Insurance Services,...
TREVOSE, Pa. -Philadelphia Telco Credit Union thinks it has found the secret to launching a successful name change - get the employees pumped up and make sure they're the first to know. That's exactly what the CU did to get its new name, TruMark Financial Credit Union, the reception it...
SACRAMENTO - The eclectic mix of candidates have gone home, the dust has settled and as California's new Governor-elect Arnold Schwarzenegger soundly defeats recalled Gov. Gray Davis, the California Credit Union League is ready to move forward in educating him and his new staff about the credit union distinction. "We...
WASHINGTON - As Mike Canning approaches his one-year anniversary leading the Association of Corporate Credit Unions, he's beginning to put his stamp on the organization. Canning, 42, joined the ACCU as its Executive Director last November. He had big shoes to fill replacing Gigi Hyland who was extremely popular and...
HIGHTSTOWN, N.J. - For the third time, the New Jersey Credit Union League has put out its annual Voter Guide for the upcoming November State Elections. The guide is designed to inform and educate credit union leaders and members on important issues and supportive legislators to the credit union movement...
INDIANAPOLIS - Less than a year after going through a shared branching merger, the Credit Union Centers Of Indiana are poised to start a major expansion. The 50-member credit union organization plans to open three new stand alone service centers in the next year in the Indianapolis, South Bend and...
RANCHO CUCAMONGA, Calif. - To help reach ambitious fundraising goals, the Richard Myles Johnson Foundation has tapped Joe E. Walton, Sr. to head up its fundraising and public relations efforts. Walton has over 33 years experience in development and transition management in the non-profit sector and has served as executive...
The tactics for growing a credit card portfolio would seem simple: increase credit limits on good accounts to meet increased borrowing needs, adjust APRs to ward off competition for those balances, and consider rewards programs to encourage transactions. These tactics are accompanied by known hazards: higher loss exposure due to...
Many credit unions don't understand that when they hire a brokerage firm to evaluate and market their credit card portfolios, that it is the buyers of the portfolios that pick up the fee, usually a percentage of the overall sale price. But what do the firms that buy the portfolios...