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HAUPPAUGE, N.Y.-Balloon loans, "rate marketing," and leasing can help credit unions compete with low new car rates.
October 4 -
OVERLAND PARK, Kan.-With so many things in the financial services world crashing down around credit unions, it was easy to miss the two big game changers that would have remodeled corporates regardless of the new corporate rule out of NCUA.
October 4 -
ALEXANDRIA-Although the corporate plan does offer the opportunity for credit unions to file legal claims-and, indeed NCUA is already sending out claims receipts-the agency's Scott Hunt repeatedly noted that it is "extremely unlikely" there will be anything left to make good on those claims.
October 4 -
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If I had told you three or four years ago that in September of 2010 NCUA would be making a major announcement related to corporate credit unions, you would have told me "Stop right there, I already know what it will be, sure as John McCain has the presidency in 2008 all locked up."
October 4
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Today's economy demands your credit union be thoughtfully, skillfully managed. And as the adage reminds us: You can't manage what you don't measure.
October 4
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Though the CARD Act may be expected to hurt banks more than credit unions, we should not take that as a reason to be complacent.
October 4
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Although faxing a document to a member asking for "wet" signature has worked great over the years, there is still one huge problem that remains and that's paper.
October 4
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As a member of the CUNA board of directors who approved the hiring of Bill Cheney that we took his service on the US Central and WesCorp boards into careful consideration.
October 4
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CORPUS CHRISTI, Texas – NavyArmy FCU has signed with ATM maker Diebold to implement the company’s new mobile banking solution.
October 4 -
ST. LOUIS – Police and the FBI are looking for a man who dressed as a woman to rob a branch of Vantage Credit Union here.
October 3 -
SPRINGFIELD, Ore. – Northwest Community CU and Mid Oregon FCU in Bend have announced plans to merge.
October 3 -
WASHINGTON – The FDIC shuttered two more banks over the weekend.
October 3 -
BIRMINGHAM, Ala. – Bancography, a financial services consulting firm, has released the 2010 rankings for its Bancography Brand Value Index (BBVI), which it calls a “quantitative ranking of the brand strength of all U.S. banks and credit unions.”
October 3 -
LEBANON, Ore. – Linn County FCU is delivering the moon and the stars to its community later this week.
October 3 -
LATHRUP VILLAGE, Mich. – Michigan First Credit Union and First Michigan Bank, of Troy, Mich., said they have amicably resolved a trademark dispute between the two institutions over the similarities of their names.
October 3 -
WASHINGTON – The Office of the Comptroller of the Currency has ordered seven of the nation's largest residential bank servicers to review their foreclosure processes in the wake of revelations by Ally Financial that it had cut corners when taking title to homes backed by delinquent mortgages.
October 3 -
NEW YORK – Recent revelations that Ally Financial Inc. and JPMorgan Chase & Co. may have cut corners on their foreclosure paperwork have sent the servicing industry into a tizzy, with concerns being raised about massive delays in foreclosures and a reduction in company ratings.
October 3 -
WASHINGTON – The Financial Stability Oversight Council held its first meeting Friday, with members of the panel, which includes NCUA, facing open doubts from lawmakers and others about how fast it can move and what it can accomplish.
October 3 -
NEW YORK – Less than a week after the Wall Street Journal ran the headline “Credit Unions Bailed Out” over a story about NCUA placing three more corporates into conservatorship, the newspaper headlined another story about CUs “Credit Unions Receive TARP Bailout Funds.”
October 3