CUES, CUJ Looking To Combine Mtgs.

SAN DIMAS, Calif.-Out of all the investments made by WesCorp FCU over the past few years, perhaps the worst turned out to be risky collateralized debt obligations that appear to have little intrinsic value and have caused a staggering $545.6 million in losses.

ATLANTA-A new study has found shared branching has helped credit unions capture more consumers dissatisfied with banks, especially higher-revenue households.

More Than $1M Raised To Help In Haiti...

Bucking the conventional wisdom for 2010 — customers just hate their banks — BancorpSouth finds that their customers make plenty of branch visits.

ORLANDO, Fla.-How does Bancorp South determine a customer's propensity to buy a product or service?

You've heard the saying that only the strong survive. We're fast approaching a marketplace where only the efficient survive. Make sure your credit union is counted among the survivors.

Social media is quickly becoming today's message medium of choice; therefore, credit unions must look at the financial behaviors of these groups to develop successful marketing strategies to gain and retain members.

RALEIGH, N.C. – A stolen forklift was used to steal an RTP FCU ATM in Research Triangle Park Friday.

DANA POINT, Calif. – The fifth annual California and Nevada Credit Unions For Kids Wine Auction raised a new high of $200,000 for the 11 Children’s Miracle Network-affiliated hospitals in the two states.

AUGUSTA, Maine – The National CU Foundation has awarded the Maine CU League a $16,000 grant, which will fund a 12-month collaborative project aimed at bringing and offering REAL Solutions to Maine consumers between the ages of 18 and 28 years old.

SHREVEPORT, La. – Seven credit unions have teamed up to create their own CUSO to facilitate commercial/business lending in Louisiana.

SOUTH LANSING, Mich. – Lake Trust CU, a newly created credit union giant, on Friday broke ground on a new branch on the former Brownfield site of Lansing’s long-abandoned Regent Inn.

PHILADELPHIA – A man paroled from prison in February after serving a six-year sentence for bank robbery was identified on video cameras as the individual who held up a TruMark Financial CU branch Friday.

COLUMBUS, Ohio – Corporate One FCU last week issued a statement reassuring members on its large position in asset-backed securities supported by student loans, saying that even with almost $100 million in unrealized losses on its $740.1 million portfolio of student loan-backed bonds, the loans are of high quality and it does not expect to realize any credit losses on the securities.

WASHINGTON – Regulators seized another eight banks Friday, making a total of 51 bank failures in 2010.

WASHINGTON – The proposed financial reform bill backed by Democrats ran into a significant roadblock Friday with all 41 Republican senators signing a letter to Senate Majority Leader Harry Reid in opposition to the measure.

WASHINGTON – The role of the financial regulators’ and their oversight failures is coming under increasing attention by Congress and the public as the debate over financial services reform comes to a head.

ALEXANDRIA, Va. – The 2008 collapse of Cal State 9 CU was caused by the one-time $440 million Concord, Calif., credit union’s ill-fated foray into subprime mortgage lending, which eventually comprised more than 92% of all the credit union’s loans, according to a new report issued Friday by NCUA.

PURCHASE, N.Y. – MasterCard Worldwide on Thursday announced the launch of MasterCard Labs, a new global research and development arm aimed at bringing new payment solutions to market with greater speed than before.