CUs likely to experience more reductions to debit interchange, Belvoir Federal Credit Union is testing whether prized-based incentives can alter cardholder behavior to drive more debit transactions and larger-dollar purchases.

CHARLOTTE, N.C.-For the second week in a row, credit unions were representated at a political convention, this time the Democratic National Convention here.

Filene Research Institute's i3 incubator last week proposed a mortgage to help buy junior his first house with equity pledged by other relatives, plus a dedicated text message to help prevent member overdrafts, as part of eight new innovations for credit unions.

Are credit unions ready to fill the gap resulting from what could be a sharp drop in revenue over the next three years?

May Get Rid of Overdraft Product

Even after pumping 600 gallons of water out of his main office, Singing River FCU President James B. Smith, Jr. said that Hurricane Isaac wasn't that bad.

ALEXANDRIA, Va.-NCUA has approved a charter for Lakota FCU, which will serve members of the Lakota, or Sioux Indian tribe on their reservation in Pine Ridge, S.D.

Service CU Adds Purchase Rewards

Collaboration continues to be a key differentiator and business strategy for credit unions, but one person believes too many CUs are afraid to ask for payment when collaborating.

For someone who says she does not care for attention, Linda Hennings certainly does a lot to attract it. She is well-known in northeastern Wyoming as the "face" of $70-million Campco Federal Credit Union.

As the presidential and congressional elections grow closer, a key issue for credit unions is who will that president appoint to top regulatory positions, not to mention what Congress might do to those agencies.

Despite the increasingly negative tone of politics and campaigns, credit unions have striven to stay positive, but that doesn't mean they're afraid of getting their hands a little dirty.

If showing up is half the battle, then CUNA and NAFCU are bent on winning.

Kitsap Credit Union CEO Elliott Gregg recently spent three-hours standing on a 25-foot billboard overlooking Highway 3 after the credit union's employees took him up on a challenge.

ivermark Community Credit Union says it has no intention of going branchless, but it has closed or is scheduled to shutter three branches in 2012 as it ramps up its electronic banking efforts.

Terence Roche, principal and co-founder of Scottsdale, Ariz.-based Cornerstone Advisors gives ten steps to revitalize lending.

SF Fire CU is using its online banking system to boost lending, pre-approving members for secured and unsecured loan amounts once per quarter.

The announcement by NCUA that it had doubled the number of CUs eligible for a low-income designation, which would allow exceptions to the member business loan cap, only affects approximately a quarter of the 1,001 CUs included under the expanded eligibility.

SAN FRANCISCO-A federal court last week dismissed separate overdraft suits brought against SchoolsFirst Federal Credit Union and Kern Schools Federal Credit Union, two of the nine credit unions challenged over their overdraft practices in recent months.

An Occupy-related group that was created to increase member participation at Vermont FCU here has rebranded itself following concerns from the credit union about infringing on the VFCU trademark.