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WASHINGTON-The first CEO of CUNA ever to retire before the board could fire him has vowed not to go riding off into the sunset.
July 12 -
CUDAHY, Wis.-Communication between credit union staff and members has helped pull Prime Financial CU out of conservatorship-and build a brand-new, seven-member board.
July 12 -
ORLANDO, Fla.-Credit unions must be definitive when making loan modifications or debt restructuring and have clear evidence to back up their decisions, according to state regulators.
July 12 -
ORLANDO, Fla.-Regulators in this state, hit hard by the economic downturn, are pledging to work with credit unions to sustain recoveries, but also noting certain red flags simply must be addressed.
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EL SEGUNDO, Calif.-A group of Pepperdine University MBA students phas identified strategic and marketing issues facing Xceed Financial CU, along with proposed solutions.
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SOUTHFIELD, Mich.-With deposit rates so low, Michigan Services CU here is looking to its members to provide stronger returns while keeping the credit union on strong footing.
July 12 -
MINNEAPOLIS-One analyst is offering some strategies for dealing with the increased regulatory burden every credit union is facing, along with words of caution on compliance risks many may overlook.
July 12 -
ONTARIO, Calif.-It will likely be several months before credit unions are able to see how the CARD Act and Regulation E are affecting their balance sheets, and by then, say some analysts, other variables will also be in play.
July 12 -
BIRMINGHAM, Ala.-Credit unions considering pricing changes to their checking products in the wake of new Reg E rules and the CARD Act need to recognize other costs are likely to rise in the back-office.
July 12 -
What changes have already taken place as credit unions (and banks) prepare for Reg E? What about other services that have been offered without a fee in recent years? Credit Union Journal looks for answers to these and other questions.
July 12 -
MINNEAPOLIS-As credit unions and banks prepared for the twin deadlines of Regulation E the consensus is: there is no consensus.
July 12 -
NEW YORK-The CARD Act, changes to Reg E and pending interchange reform, are likely to have some not-so-subtle effects on the financial services market and the types of products with which CUs compete.
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WINSTON-SALEM, N.C.-With new regulations now in place, Truliant FCU here believes many credit unions would be wise to follow in its footsteps and promote opt-in overdraft protection.
July 12 -
MADISON, Wis.-For many U.S. credit unions, this week will offer a prime opportunity to learn what is going on with CUs in other parts of the world.
July 12 -
LAS VEGAS-Representatives of credit unions in nearly 60 countries will be meeting here this week, but one country is likely to get more attention than any other: Haiti.
July 12 -
EVANSVILLE, Ind.-When the local Whirlpool plant closed its doors at the end of June, one CU found itself thankful for another tough decision the appliance manufacturer handed down more than 10 years ago.
July 12 -
FRANKFURT, Germany-Smaller financial firms, including the world's credit unions, did better than their larger counterparts during the recent economic crisis, but attempts to strengthen global financial regulations by closing loopholes in existing laws could unintentionally cause problems for those firms, according to WOCCU.
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SAN BERNARDINO, Calif.-One expense line Arrowhead will be saving while under compensation appears to be board compensation. Government documents show Arrowhead paid its board members, which state-chartered CUs are permitted to do in California.
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