SAN DIEGO -- If homeownership is the cornerstone of a healthy community, year-end loan-loss provision trends predict a sickly 2009 in Arizona, California, Florida and Nevada.
WASHINGTON -- In the wake of an expected $1.1 billion loss by U.S. Central, the NCUA is infusing $1 billion into the troubled credit union and undertaking a series of efforts to shore up the corporate credit union system.
WASHINGTON -- As expected, the 2009 economic shakedown and belt tightening is taking a heavy toll on conference programming and trade operations not to mention travel, salaries, hotel bookings and entertainment.
SOUTHFIELD, Mich. -- Michigan First Credit Union has won over $5 million in damages against its former insurer Credit Union Mutual Insurance Society.
MECHANICSBURG, Pa. -- It made perfect sense for Members 1st Federal Credit Union to build a funding bridge to help microbusinesses in Cumberland County.
SAN DIEGO -- Fourth-quarter financial reports reveal that many credit unions increased their loan-loss provisions 100% or more over last year; for many, accounting for impaired loans is wreaking havoc on capital positions.
PRINCETON, N.J. -- The recent data security breach at Heartland Payment Systems may be the largest ever.
LOS ALAMOS, N.M. -- The nominations and elections committee at the $312 million Del Norte Credit Union declined to nominate a sitting board member and former chairman for re-election to the board along with a former supervisory committee member.
WASHINGTON -- The leaders of CUNA and NAFCU touted the virtues of credit unions in interviews in a range of print and broadcast venues recently.
DURHAM, N.C. -- There's been a quiet misconception in the industry that reaching out to serve Latino communities may equate to extending a handout, Carlos Calder?n has noticed.
SEATTLE -- Seattle Metropolitan Credit Union is getting consumers fired up about credit unions.
WASHINGTON -- After a more than six-year political battle, Kenyan President Mwai Kibaki signed a measure to create a stronger regulatory structure for the country's credit unions, known there as savings and credit cooperatives (SACCOs).
WILMINGTON, Del. -- Despite grim news from its parent company that 7,000 job cuts are scheduled, ING DIRECT said it is moving forward with its plans to grow ShareBuilder Corp.
PASADENA, Calif. -- Credit union land has been a natural place to find co-opetition-cooperation among competitors-since the term emerged, and it would be hard to find a better example than the relationship between Wescom Resources Group and Symitar.
SEOUL, South Korea -- South Korea's 994 credit unions continued their collaborative approach to the movement by moving to a single centralized IT system to serve their combined five million members.
NEW YORK -- According to Fitch Ratings the outlook for private U.S. mortgage insurers looks more than a little bleak.
BELLEVUE, Wash. -- UC4 Software (www.uc4.com) said three credit unions have recently deployed its workload automation software to enhance their core processes, the company said.
SANDUSKY, Ohio -- Vacationland Federal Credit Union said it will convert its core processing operation to the CU*BASE system from CU*Answers this fall.
NORTH RICHLAND HILLS, Texas -- Cypress Software Systems has hired a veteran of the credit union technology sales space to lead its expansion efforts into that market.
APPLE VALLEY, Minn. -- Wings Financial Federal Credit Union has become the official financial institution for Women in Aviation International, a 7,000-member group that encourages women to pursue pilot, astronaut and other aviation careers.
Lost in the finger pointing of today's financial calamity is the fact that feeding the beast of consumption is at the foundation of our system's failure.
JACKSONVILLE, Fla. & MADISON, Wis. -- No credit union likes to have cards compromised in a security breach, but the insurer for the majority of credit unions
WASHINGTON -- It's a below the radar campaign for a vacancy that won't occur for more than two months.
WASHINGTON -- Credit unions could make more business loans and not count it against their member business loan cap as a result of a provision in the $825 billion stimulus package passed by the House last week.
WASHINGTON -- Credit unions and other financial institutions were dealt a setback last week when the House Judiciary Committee last Tuesday approved a bill giving judges the power to reset the terms of mortgages for people in bankruptcy proceedings.
BEAVERTON, Ore. -- When Microsoft announced that it would have to cut 5,000 jobs, First Tech Credit Union said it knew the layoffs were coming.
WASHINGTON -- NAFCU Director of Political Affairs Dillon Shea is changing hats.
ANTIOCH, Calif. -- Robert Greaff, President/CEO of the $28 million Delta Schools Federal Credit Union, said real estate loan-to-value is so bad in his Bay Area bedroom community half of his home equity portfolio is 100% LTV or greater.
READING, Pa. -- Even in Pennsylvania and even with only $80 million in assets, CTCE FCU still puts in hours avoiding foreclosures.
WASHINGTON -- Delaying the inevitable is frequently the result in the 10 states that placed limitations on foreclosures.
SACRAMENTO, Calif. -- The Golden 1 Credit Union donated a foreclosed property to the Sacramento Habitat for Humanity in December, the second property the $7 billion credit union has donated to the charity, according to President/CEO Teresa Halleck.
Natural person credit unions have been called upon to serve their duty as industry patriots as the NCUA last week approved a measure to help stabilize the corporate credit union system as U.S.
I fully respect Kirk Kordeleski's decision to "vote with his dues dollars" as he expressed in his letter of Jan. 21, Trades' Head-Butting Hurts CUs.
Data from CUNA's Monthly Credit Union Estimates shows that even in the recession credit union loan growth outpaced savings growth.
Affinity Credit Union, Basking Ridge, N.J., announced the appointment of Kevin McClosky to vice president of lending.
Collective, cooperative, community-words commonly preached among credit unions. With all that's occurred over the past year, I've seen a lot on how this is a time of opportunity for credit unions.
Charter Oak Federal Credit Union, Groton, Conn., had close to 100 member guests attend its grand opening celebration for its newest branch location.
Unitus Community Credit Union, Portland, Ore., collected 4,000 items to donate to area charities during its annual charitable giving drive.