Aaron Passman is editor of Credit Union Journal, the nation’s leading credit union news resource. He was appointed editor in 2018 after two years as an assistant editor at CUJ and nearly five years as a reporter there. He has worked as a staff writer or freelancer for a variety of publications across the country and is a graduate of the University of Kansas.
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LAS VEGAS Without specifically being the conference theme, technology and the role it will play at CUs was a major component of the National Association of Federal Credit Unions recent annual convention here.
August 8 -
Credit unions are on alert but also taking a wait-and-see approach following news that a gang of Russian hackers have amassed 1.2 billion sets of user names and passwords.
August 7 -
The members of Monterey Credit Union have voted to convert from a CU charter to a mutual savings bank, the first step on the way to becoming a commercial savings bank.
August 6 - Wisconsin
PEWAUKEE, Wis. CUs from across Wisconsin met Tuesday with NCUA Chairman Debbie Matz at the request of U.S. Rep. Sean Duffy.
August 6 -
ALEXANDRIA, Va. The National Credit Union Administration Tuesday said that 62 credit unions subject to late-filing penalties for first-quarter call reports have consented to pay.
August 5 - California
MONTEREY, Calif. The members of Monterey Credit Union have voted to convert from a CU charter to a mutual savings bank, the first step on the way to becoming a commercial savings bank.
August 5 - Indiana
FORT WAYNE, Ind. Don Cates is eyeing banks in the northeastern section of the Hoosier state more carefully these days.
August 1 - Nevada
LAS VEGAS NCUA's Office of Small Credit Union Initiatives has undertaken an "impact study" to determine how effective it has been in working with small CUs.
August 1 -
ALEXANDRIA, Va. The NCUA Board unanimously approved a rule Thursday morning to eliminate the 5% cap on fixed assets.
July 31 -
WASHINGTON Small credit unions that deploy a full suite of technology offerings including remote deposit capture, mobile and online banking stand a better chance at sustainable growth than those that do not.
July 25 -
LAS VEGAS After months of largely negative feedback from credit unions, NCUA Chairman Debbie Matz announced Wednesday that the agency plans to make "significant changes" to its proposed risk-based capital rule.
July 23 - Michigan
EAST LANSING, Mich. Michigan State University FCU here is the dominant credit union in the local market, and one of the biggest financial services players in town, but one person says that its success comes from always acting like an underdog.
July 18 - Pennsylvania
MECHANICSBURG, Pa. Bob Marquette, CEO of Members 1st FCU, is big on attitude and helping members better their financial situation.
July 18 - Connecticut
EAST HARTFORD, Conn. For Peter Lupi, being named NAFCU's Volunteer of the Year caps off a life-long involvement in the credit union community.
July 18 -
JACKSONVILLE, Ark. The board at Arkansas FCU here has appointed Rodney Showmar to be the credit union's new president and CEO.
July 15 -
GLOVERSVILLE, N.Y. Fulton County FCU has rebranded itself as First Choice Financial FCU.
July 9 -
NEW YORK Befitting a credit union with a heavily international membership, United Nations FCU has seen a strong response to a World Cup bracket challenge that it launched shortly before the quadrennial soccer tournament kicked off in mid-June.
July 7 -
Some CUs are seeing significant improvement in loan performance among their subprime auto loans by installing starter interrupters that prevent the vehicle from starting if the loan is delinquent.
July 3 -
Many credit union representatives have said that when times get tough such as during an economic downturn the CU's marketing budget is the first to get cut and often the last to be reinstated.
June 27 -
Nearly 40% of credit unions who received a Document of Resolution (DOR) during their last exam felt it was unjustified, and nearly 15% of CUs said their examiners appeared less competent than in the past.
June 23
