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CUs, Indirect Lending CUSOs Hold Own as Overall Auto Lending Slides

Peter Westerman | January 13, 2009

CENTENNIAL, Colo. -- In a year when vehicle sales dropped and auto lenders stopped lending, indirect auto lending CUSO CU Direct Connect saw a 54.7% increase in its auto loans.

Sometimes I Feel Like Billy Crystal

Peter Westerman | January 13, 2009

A year or two ago, Billy Crystal fulfilled a childhood dream when he signed a one-day contract to play for the New York Yankees. Imagine the excitement of coming to the plate, the awe of standing in the same batter's box

Consumer Groups Challenge Bank On RAL Funding

Peter Westerman | January 13, 2009

WASHINGTON -- A coalition of consumer and financial activist groups has denounced a bank's announcement that it will use some of the funds it

Senate Panel Postpones Geithner Confirmation Hearing

Peter Westerman | January 13, 2009

WASHINGTON - Prompted by the objections raised by two of its Republican members, the Senate Finance Committee again delayed a confirmation hearing for Treasury-Secretary-designate Timothy Geithner.

Exchange-Traded Funds Helps MEMBERS Trust Make National Ranking

Peter Westerman | January 13, 2009

TAMPA, Fla. -- For its innovation with exchange-traded funds, MEMBERS Trust Co. is the only credit union entity to earn a listing in Barclays Global Investors iShares' inaugural ETF Managed Solutions Guide.

AARP Recognizes Eakes

Peter Westerman | January 13, 2009

WASHINGTON -- The American Association of Retired Persons has recognized Martin Eakes, CEO of the $301 million Self-Help Credit Union, as one of its 10 Inspire Award Winners for 2008.

U.S. Central's $450 Mil. PIC Conversion Helps Level the GAAP Playing Field

Peter Westerman | January 13, 2009

LENEXA, Kan. -- Members of the $36 billion U.S. Central Federal Credit Union not only participated in the aggregate's Dec. 31 conversion of $450 million in membership capital shares to paid-in capital (PIC-II),

Morgan Stanley, Citi Create $1.7 Trillion Brokerage Force

Peter Westerman | January 13, 2009

NEW YORK -- Morgan Stanley and Citi announced today a merger of each company's respective brokerage units, a move that brings $1.7 trillion in client managed assets under one operation.

Ed Filene Once Again Reaches Out to Teach Cooperative Imperatives

Peter Westerman | January 13, 2009

Thirteen million unemployed. Automobile production decimated. An 80% reduction in home building. Daily news of failing banks and investment funds. The descriptions sound familiar, but the year is 1932.

Survey: Widespread Constricting of Credit Lines and Rate Increases

Peter Westerman | January 13, 2009

NAPLES, Fla. -- A majority of participants in a self-described informal online survey conducted by CardTrak.com say they saw their credit card interest rates rise in 2008 and many others have reported a variety of other changes in their cards.

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CUs, Indirect Lending CUSOs Hold Own as Overall Auto Lending Slides

Sometimes I Feel Like Billy Crystal

Consumer Groups Challenge Bank On RAL Funding

Senate Panel Postpones Geithner Confirmation Hearing

Exchange-Traded Funds Helps MEMBERS Trust Make National Ranking

AARP Recognizes Eakes

U.S. Central's $450 Mil. PIC Conversion Helps Level the GAAP Playing Field

Morgan Stanley, Citi Create $1.7 Trillion Brokerage Force

Ed Filene Once Again Reaches Out to Teach Cooperative Imperatives

Survey: Widespread Constricting of Credit Lines and Rate Increases

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