Credit Union News

According to the latest reports, Credit Union membership and total assets have hit an all-time high. Earnings have improved, loans have increased, and deposits have grown even faster than lending, while delinquencies and charge-offs have remained constant, and member bankruptcy filings have decreased.

 

Connecticut

HMEFCU lands Treasury’s CDFI tag Connecticuts Seasons Credit Union also has the certification. Hartford Business Journal

 

Florida

FINRA Investor Education Foundation and Filene Research Institute Announce Employer Sponsored Small Dollar Loan ... “With the work of the FINRA Foundation and these credit unions we will be able to learn what works so that this product can be offered by more financial institutions. Business Wire

 

Georgia

FBI arrests Palm Beach County School Board member Mike Murgio Prosecutors say Murgio helped bribe the chairman of a New Jersey-based credit union. Sun-Sentinel

 

Iowa

Kernels Home Stand Preview: April 14-17 The home stand kicks off with First Federal Credit Union Flat Screen Thursday. OurSports Central

 

Indiana

Metsger Appointed NCUA Chairman Metsger led the agency’s efforts to update its regulations concerning fixed assets and credit unions’ fields-of-membership regulation. ncua.gov

 

Massachusetts

Credit Unions Take A Bigger Piece Of The Pie In 2010, credit unions made 2,817 of the 54,093 total loans across the Bay State. Banker & Tradesman

 

Michigan

Jackson-area students earn scholarships through CP Federal Credit Union CP Federal Credit Union received 27 essays. MLive.com

 

Montana

Hamilton family's old homeplace now home to new credit union Soon after the credit union opened its doors for the first time Monday morning, Anita Simmons John became the credit unions first new member. KECI Missoula

 

Recognizing Libby firefighters From left, credit union board members Stanley Hudson, Lois Osteen, Carol Brother and Gerald Wallace present $500 to Neil Benson, LVFD treasurer. The Western News

 

New York

Business People for week of April 24 She has been with the credit union for 18 years. The Buffalo News

 

Pennsylvania

BUSINESS IN BRIEF: Dancing 4 Hope raises money for bedroom makeovers Tri County Area Federal Credit Union was a sponsor of the event. The Mercury

 

South Carolina

Baseball. Founders Park Officially Dedicated The agreement, which continues through 2025, includes official naming rights and other partnership benefits for the South Carolina based credit union. South Carolina Gamecocks

 

Founders FCU Leverages Source Technologies’ 6-Series Kiosk To Streamline Member Queueing At Branch Locations “Implementation of the kiosk has already had a positive impact for our staff and our members and it is really revolutionizing how members sign in and how our staff manages member service,” said Bruce Brumfield, President and CEO at Founders Federal Credit Union. Business Wire

 

Founders looks to expand footprint into Columbia “This opportunity, it was just too good to pass up.” Columbia residents have seen a lot of Founders recently, and they can expect to see more as the state’s largest credit union expands its footprint into the Midlands. The State

 

Credit union to open student-run branch in Greenville High School The institution said students will earn course credit and be responsible for managing and operating a fully functioning Greenville Federal Credit Union branch. WMBF NEWS

 

Texas

SACU to Offer Short-Term Small Dollar Loans Powered by QCash Financial Loan applications are underwritten, approved and funded in under a minute using an underwriting process based on members’ financial history with the credit union. Business Wire

 

Virginia

Ex-Bank Manager Pleads Guilty to Embezzling More Than $1 Million to Help Fund Shopping Addiction According to filings from federal prosecutors, Jennings served in a "position of trust" at the credit union, managing its accounting and reporting to its board of directors. NBC Washington 4

 

Wisconsin

Shawna Lynn Jones Fund Collects $4,000 In Donations A fund was created in her honor by the Firefighters First Credit Union. Canyon News

 

Students learn about good money and credit habits Altra Federal Credit Union in Onalaska held a financial literacy seminar for teens on Sunday night addressing the importance of a good credit score. WXOW 19 La Crosse

 

Wyoming

UniWyo Federal Credit Union Joins the Rate Reset Network Uniwyo Federal Credit Union, headquartered in Laramie, WY, has over 24,000 members and $275 million in assets. PRWeb

 

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