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LAKE BLUFF, Ill. – Since the Durbin Amendment rules went into effect last October, banks, thrifts and credit unions with greater than $10 billion in assets will have lost an estimated $5.6 billion in debit card interchange revenue through the end of 2012, according to Moebs $ervices.
December 19 -
ALEXANDRIA, Va.-Citing efficiency improvements and a need to rebalance the agency's workload, NCUA is returning supervision of Nevada's 12 federally insured credit unions to NCUA's Region V office from Region I, beginning Jan. 1.
December 19 -
OAK HARBOR, Ohio-NCUA has rejected Commodore Perry FCU's appeal to the agency's Supervisory Review Committee.
December 19 -
RANCHO CUCAMONGA, Calif. – Some 50 military families were able to connect with loved ones stationed overseas as part of Operation Best Wishes, which is sponsored by the Defense CU Council.
December 18 -
DES MOINES, Iowa – Sales of gift cards this holiday season are up 119%, according to The Members Group.
December 18 -
OROVILLE, Calif. – A man who allegedly tried to rob a branch of Sierra Central Credit Union here got a surprise: an off-duty police officer was conducting a transaction in the branch at the same time.
December 18 -
AMARILLO, Texas – After more than 40 years in credit unions, Terry McCormick, CEO of Texas Plains FCU here, said he will retire in January.
December 18 -
BOSTON – A new report from the Aite Group indicates mobile banking users will triple between 2012 and 2016, and that smart phones and tablets will each serve different banking functions as mobile expands.
December 18 -
HARAHAN, La. – CU Cooperative Branching, Louisiana’s shared branching CUSO, has approved a 4% dividend payable to eligible shareholders as of Jan. 1, 2013.
December 18 -
WASHINGTON – Economists with Freddie Mac are projecting that single-family originations will decline 15% next year.
December 18 -
WASHINGTON – The National Association of Home Builders has released a forecast indicating it expects new home sales will increase 22% in 2013 to 447,000, following a 20% increase in 2012.
December 18 -
ALEXANDRIA, Va. – NCUA is reminding credit unions that effective Dec. 31, the Temporary Corporate Credit Union Share Guarantee program will expire. On the same date, the temporary unlimited Share Insurance Fund coverage for noninterest-bearing transactions accounts also will expire.
December 18 -
LAKE BLUFF, Ill. – Further evidence that overdraft income is coming back for financial institutions: overdraft revenue crept up in the third quarter of 2012 according to Moebs $ervices.
December 18 -
Credit unions are standing by, and collecting money, to help the families and town of Newtown recover from the tragic shootings that took place in this small New England community. But it may be a while before it's time to actually step in and offer assistance.
December 18 -
SPRINGFIELD, Mass. – Freedom Credit Union here has launchd its first marketing campaign aimed at the Latino community in Western Massachusetts.
December 17 -
HARRISBURG, Penn. – A new series of TV commercials that let consumers know credit unions are in the lending business, are friendly and have great rates are out now in this state courtesy of the Pennsylvania CU Association’s successful iBelong image campaign.
December 17 -
PENSACOLA, Fla. – Gulf Winds FCU is absorbing via merger 5,500-member SCORE Federal Credit Union in Tallahassee, Fla.
December 17 -
TULSA, Okla. – The $1.2-billion Tulsa Teachers Credit Union has officially changed its name to “TTCU The Credit Union,” a trade name it has unofficially been using for several years.
December 17 -
RANCHO CUCAMONGA, Calif. and FRANKLIN, Mass. –Well-targeted marketing and incentives are being credited for driving a 201% increase in average monthly spending among credit union members in a “Season of Giving” promotion from CO-OP Financial Services.
December 17 -
ALEXANDRIA, Va. – NCUA yesterday liquidated Olean Tile Employees FCU of Olean, N.Y. after determining the credit union was insolvent and had no prospect for restoring viable operations.
December 17