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DES MOINES, Iowa – The Fed’s proposed new interchange rules may bring a quick end to free checking, two analysts have told Credit Union Journal.
December 21 -
The $3.2-billion Mid-Atlantic Corporate FCU and the $1.2-billion VACORP FCU have announced plans to merge, with Mid-Atlantic Corporate to be the surviving charter.
December 21 -
HOUNSLOW, England -- Plane Saver Credit Union in the U.K. is asking readers of Credit Union Journal to act as a focus group on the credit union's new logo.
December 21 -
MILWAUKEE – Christine Moczynski has been named president and CEO of Prime Financial Credit Union here, which was seized by regulators in 2009 before being returned to members earlier this year.
December 20 -
MINNEAPOLIS – SLO Credit Union has selected Wolters Kluwer Financial Services’ ComplianceOne solution to help document consumer lending and deposit transactions more quickly and accurately and in compliance with federal and state regulation.
December 20 -
SAN FRANCISCO – Wells Fargo & Co. has agreed to modify more than $2 billion of risky payment option ARMs from two lenders that the mega bank bought during the last years of the decade: World Savings of Oakland and Wachovia Corp. of Charlotte.
December 20 -
PORTLAND, Ore. – The pace of growth in outstanding credit card balances among CU members slowed as of Sept. 30.
December 20 -
ONTARIO, Calif. – To help CUs better manage risk and cope with increasing regulatory complexity, Lending Insights said it has enhanced its Lending Performance Management System.
December 20 -
WASHINGTON – Bank regulators shut down six more banks last week, bringing to 157 the number of banks that have been shuttered in 2010.
December 20 -
WASHINGTON – As efforts to increase the member business loan cap in yet another Congress failed again Sunday in the Senate, CUNA and NAFCU vowed to continue to work with the next Congress to raise MBL limits.
December 20 -
ARLINGTON, Va. – NCUA’s recently issued fiduciary duties rule is unclear on a very important point, notes Anthony Demangone, NAFCU director of regulatory compliance.
December 20 -
ALEXANDRIA, Va. – In the wake of new rules for credit union board members, NAFCU is stepping up its financial literacy training programs for volunteer directors.
December 20 -
WASHINGTON – For Visa Inc., MasterCard Inc. and competing payments networks, a more critical provision than interchange pricing remains unresolved in the Federal Reserve’s proposed debit rules.
December 20 -
MESSENA, N.Y – The Federal Reserve’s proposal to cap debit interchange fees at 12 cents per transaction has credit union CEOs facing larger issues than just how their own organizations may take the blow.
December 20 -
The year 2010 may go down as a low-point for credit unions' balance sheets, but it may well mark a high-point for cleverness — often on a shoestring — in spreading the word about credit unions.
December 20 -
PHOENIX-The much-discussed immigration law in Arizona, which was signed by Gov. Jan Brewer April 23, is on hold as courts review its constitutionality.
December 20 -
ANCHORAGE, Alaska-The integration of five California branches purchased by Alaska USA FCU from Arrowhead CU earlier this year is going well, according to Dan McCue.
December 20 -
BETHPAGE, N.Y.-Earlier this year, as several banks in its markets placed restrictions on free checking, Bethpage FCU made a splash by not only keeping its checking accounts fee free in 2010, but adding an interest component for qualified members.
December 20 -
CINCINNATI-Two Ohio CUs are crediting new checking products for driving growth.
December 20 -
WASHINGTON-When Evan Clark began Tweeting about NCUA's proposed corporate rule in January, he quickly learned that not many CEOs use Twitter, and that many are tiring of the entire corporate mess.
December 20