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COSTA MESA, Calif.-Credit unions can better get their arms around compliance challenges by using systems that accommodate new rules and regs at the system level via a web-based model, according to Branwyn Rhodes.
September 12 -
LOS GATOS, Calif.-The issue isn't that there is any one compliance issue that has become overly burdensome for credit unions; its that there are so many, according to Gary Fee.
September 12 -
SAN FRANSISCO-Credit unions should prepare for an onslaught of new regulations, because the passage of Dodd-Frank means that as many as 240 new regs will be coming down the pike over the next 18 to 24 months, said Tom Morefield, president of financial services and SVP at Deluxe Financial Services Corporation.
September 12 -
NORTH CANTON, Ohio-Financial institutions are in the middle of a 12-month window for complying with changes to the Americans with Disabilities Act, which Dean Stewart believes is one of the most important compliance issues facing CUs today.
September 12 -
MADISON, Wis.-Executive compensation at credit unions is on the rise, according to a new study from the Credit Union Executives Society.
September 12 -
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EL SEGUNDO, Calif.-Not surprisingly, American consumers are taking a long, hard look at their retirement nest eggs-or what's left of them.
September 12 -
CHESAPEAKE, Va.-After setting a goal of saving members $1.5 million with its "Honest to Goodness Savings" refinancing promotion, ABNB FCU here has already hit the $1.9-million mark-and counting.
September 12 -
LAS VEGAS-For more than two decades American consumers borrowed rather than saved, and now that behaviors have reversed themselves, one economist wonders if credit unions will have to rethink their strategic focus.
September 12 -
BIRMINGHAM, Ala.-Alabama TelCo Credit Union here is reporting strong growth for the first six months of 2011, with more than 2,200 new checking accounts totaling $30 million in deposits and nearly $60 million in new loans.
September 12 -
Justice FCU has always prided itself on delivering exceptional member service and has been seriously tracking the "member happiness" consistently over the past 12 years across dozens of touch points. In 2008, JFCU hit a new record happiness rating which most thought wasn't possible. And along with the declining economy, the happiness ranking was also anticipated to decline.
September 12 -
Think you know what consumers are looking for when they shop for a financial institution?
September 12 -
LAKE BLUFF, Ill.-Raise auto loan rates and blame it on Washington. That's one step credit unions can take as a result of the downgrade to U.S. Treasuries, one economist suggests.
September 12 -
GREAT FALLS, Mont.-With many payday lenders leaving Montana following a voter-approved interest rate cap, Great Falls Teachers FCU has created a $500 line of credit that is accessible regardless of credit history.
September 12 -
ARVADA, Colo.-A group of credit unions here has found success building membership and growing loans by appealing to young consumers through avenues that include video games and poker tournaments.
September 12 -
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HARRISBURG, Penn.-With members paying down debt faster than expected and weak loan demand in the first four months of the year, Pennsylvania State Employees CU slashed auto and home equity rates-some in half-the result being loan volume has skyrocketed.
September 12 -
LENEXA, Kan.-Representatives of 13 corporate credit unions and CO-OP Financial Services said last week they have abandoned efforts to buy the payments functions from U.S. Central FCU, the latest corporate initiative to fail.
September 12 -
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IRWINDALE, Calif.-SCE FCU's "People Powered Banking" branding campaign features 10-foot tall images of its members all around the Los Angeles area, along with a cheeky message.
September 12