Content classifications

ALEXANDRIA, Va. – NCUA said that college savings 529 accounts may be insured by the National CU Share Insurance Fund either as public units or on a pass-thru basis as a trust.

WASHINGTON – A spending bill passed by Congress last weekend will set send the funding level for the Central Liquidity Facility, the emergency loan fund for credit unions, at $43.8 billion for 2010, up from $41 billion this year.

LAS VEGAS-Two factors that led to significant changes to the international credit market continue to affect credit unions: the securitization of U.S. mortgage loans and international deregulation.

BATTLE CREEK, Mich.-The standard end-of-the-year dividend is anything but at one credit union here. OMNI Community CU is branding its bonus dividend as its own stimulus package and using it to promote CU membership.

PHOENIX-Arizona FCU plans to close eight branches by the end of January 2010. Of the eight, seven are "in-store" branches with limited service capacity, while the eighth location was selected due to an expiring lease, AFCU said.

OKLAHOMA CITY-Quality service and high performance go hand-in-hand at Tinker FCU here, helping the $1.97-billion institution to boost its operational efficiency, ROA and household profitability while also earning high marks for member satisfaction.

OLYMPIA, Washington – State chartered credit unions have up to five years to dispose of property obtained through foreclosure, so-called other real estate owned, or OREO, under new rules approved by state regulators.

JAFFREY N.H. – A public foreclosure auction by Digital FCU of the Grand View Inn and Resort, scheduled for today, was cancelled while the Inn’s owners filed for bankruptcy Friday.

WASHINGTON – Regulators on Friday shut down banks in Florida, Arizona and Kansas, bringing to 133 the number of U.S. banks that have failed so far in 2009.

KINGSPORT, Tenn. – Eastman CU, the state’s largest credit union, said last week it will pay members a $4 million extraordinary dividend early in 2010, for the second year in a row.

PASADENA, Calif. – Wescom Central CU, still struggling with the southern California recession, announced plans yesterday to shutter another eight branches.

LIBERTY LAKE, Wash.-An emphasis on growth, increasing wallet share and service that lets employees and members have fun has helped Spokane Teachers CU here earn recognition as one of the highest performing CUs in the country.

WEST PALM BEACH, Fla.-As credit unions gear up for the holidays, annual dividends and special deals abound. Brings readers some of the latest seasonal specials.

PHOENIX-At the same time Americans are incensed by banks collecting TARP money and paying executives big bonuses, some leaders within the credit union movement are taking accountability for lean years by voluntarily capping their salaries and even reducing their pay.

LANCASTER, Ohio – NCUA yesterday liquidated another small CU, this time Fairfield County Ohio Federal Employees FCU.

TACOMA, Wash. — A stringent focus on maximizing efficiency and establishing a solid product development system based on member feedback has helped Sound CU here become one of the best performing, large credit unions in the country.

INDIANAPOLIS — Don't suggest to FORUM CU that growth via SEG marketing is an outdated strategy. That "old school" approach to expansion is responsible for more than half of the $1-billion CU's growth over the last 19 years.

LAS VEGAS — Frontier Financial Credit Union is among those encountering one of the odd byproducts of 2009's economy: it doesn't want any more of members' savings.

LAS VEGAS — Wally Murray, president and CEO of Greater Nevada CU in Carson City, and also chairman of the Nevada Credit Union League, said his CU is in survival mode.

LAS VEGAS — For at least one credit union, expansion remains the strategy.