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ALEXANDRIA, Va. – NCUA reported yesterday that loan growth for the second quarter was less than 0.1% while shares continued to grow at a strong 1.5% rate, as consumers hoarded their savings amid the continuing economic downturn.
August 25 -
BINGHAMTON, N.Y. – Visions FCU will host a live concert during Binghamton University’s annual University Fest at this weekend’s opening of school to promote its products and financial literacy programs.
August 24 -
MONETT, Mo. – Jack Henry & Associates reported net income rose 12% for its fiscal fourth quarter, to $27.8 million, fueled by a 5% rise in sales for its support and service operations, which includes ATM/debit card processing, bill pay and other transaction processing services.
August 24 -
DENVER – Payments giant First Data Corp. said that high finance expenses related to its 2007 takeover by buyout fund Kohlberg Kravis Roberts continues to weigh on its bottom line, pushing the company to a $195.9 million loss for the second quarter.
August 24 -
TAMPA, Fla. – INVEST FINANCIAL Corp. said yesterday three credit unions have signed for its brokerage and investment services, Royal CU, Accentra CU and Cornerstone FCU.
August 24 -
WATERFORD, Mich. – Oakland County CU said John Jones, a director and charter member of the now-$155 million credit union since 1953, has decided to step aside.
August 24 -
OAKLAND, Calif. – Frank Matous, the president and CEO of SeaWest Coast Guard CU, is retiring as head of the $310 million credit union, ending 50 years in the credit union movement.
August 24 -
DICKINSON, N.Y. – GHS FCU said it is now offering its members discounted pet insurance through the Veterinary Pet Insurance Co.
August 24 -
SUITLAND, Md. – Andrews FCU has launched a free online debt management tool called Debt in Focus, a web-based tool that helps people improve credit scores and better manage debt.
August 24 -
WASHINGTON – CUNA targeted key congressional leaders with campaign contributions over the first part of the summer, while rebuilding its campaign warchest.
August 24 -
FORT MEYERS, Fla. – A former employee of Publix Supermarkets was convicted last week of running a counterfeit check ring that siphoned more than $150,000 from the Publix Employees FCU.
August 24 -
APPLE VALLEY, Minn. – Wings Financial FCU, the state’s largest credit union, is soliciting members for their vote to convert to a state charter because it hopes to expand to a community charter covering the Twin Cities.
August 24 -
ALEXANDRIA, Va. – NCUA said yesterday the new Credit Card Accountability, Responsibility, and Disclosure Act does not require a credit union to disclose to its members a five-day grace period it affords after the payment due date.
August 24 -
BROCKTON, Mass. – HarborOne CU’s groundbreaking MultiCultural Banking Center has won the Herb Wegner Memorial Award for Outstanding Organization.
August 21 -
MADISON, Wis. – As a new school year begins, data from the 2008-09 academic term show credit unions helped make financial literacy presentations before 388,843 students.
August 21 -
LAWRENCEVILLE, Ga. – Saying it was reacting to ongoing economic issues, Gwinnett FCU here has expanded its Skip-A-Payment program to allow members to skip two payments during 2009, up from the previous limit of one.
August 21 -
ARLINGTON, Va. – Sales of existing homes leaped 7.2% during July for an annualized rate of 5.24 million units when seasonally adjusted. The increase is the largest monthly gain since recordkeeping began in 1999.
August 21 -
DALLAS – EDS Credit Union will launch today what it is calling “The Arrival Guide,” a microsite targeting young professionals seeking to better plan their financial future.
August 21 -
DAYTON, Ohio – Dayton Firefighters Federal Credit Union and Dayton Habitat for Humanity have received a $100,000 grant from the Federal Home Loan Bank.
August 21 -
WASHINGTON – CUNA continues to press the Fed for relief from certain provisions of the CARD Act, which went into effect Aug. 20.
August 21