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.

Thursday, September 3, 2015

Seneca Nation Debuts Federal Credit Union for Members and Employees The credit union is New York’s first federally-chartered credit union for Native Americans and their employees. Indian Country Today


Bankers nix credit union participation in Tech Park loan Bankers HATE credit unions. Arkansas Times


SNL Financial Announces Partnership with Navy Federal Credit Union, the Largest Credit Union in America “As our product offerings for credit unions continue to expand, we take great pride in the industry feedback that our unique suite of tools for depository institutions offers just as much value to their business model as it traditionally has for our bank clients. PRWeb



Credit Union to Move to Valencia “After careful analysis of options that included alternate locations, as well as expansion on the current headquarters site, the Logix board determined the best long-term option is in the Santa Clarita Valley,” Dave Styler, the credit union’s chief executive, said in a prepared statement. San Fernando Valley Business Journal



Student Loans Involving For-Profit Colleges Made Through Credit Unions Escape Regulation "In particular, ITT Educational Services, the controversial for-profit college chain allegedly developed a scheme to issue high-cost private student loans to its students through a CUSO." CUSOs are corporate entities in which federally chartered credit unions own a minority stake.



Community Good Works BankGloucester, Coldwell Banker Residential Brokerage, RTN Federal Credit Union and more are featured in our weekly roundup of organizations giving back to their communities. Banker & Tradesman


Berkshire and Greylock federal credit unions merge Of that total sum, 1,200 are also members of Greylock, the countys largest credit union. Berkshire Eagle


Brown appointed to GFA Supervisory Committee Brown has agreed to serve as a member of our Supervisory Committee,” said Gerald Bankowski, CPA, the credit union’s chief governance officer. Leominster Champion



Mid-Atlantic Federal Credit Union to Offer Suite of Rate Reset Products Mid-Atlantic Federal Credit Union, headquartered in Germantown, Maryland, has approximately 23,000 members and over $295 million in assets. PRWeb


Andrews Federal Credit Union Sponsors U.S. Army Ball “It is a pleasure to be able to sponsor and participate in such an awesome event that highlights not only the Army Community, but our whole community here at S.H.A.P.E.,” said Andrews Federal Credit Union’s Josh Barrett, Chievres Branch Manager. PRWeb


Andrews Federal Credit Union Supports Operation Yellow Ribbon The Credit Union’s New Jersey Region Branches collected items for the troops overseas to be included in weekly care packages shipped to the service men and women deployed overseas. PRWeb


Andrews Federal Sponsors Military Heroes Appreciation Night In addition, the Credit Union serves as a financial partner with many select employee groups in Maryland, the District of Columbia, and New Jersey. PRWeb



Embezzling credit-union boss reveals $2M, 16-year cash lifestyle Your boss of the credit union keeping handing you cash to deposit in her family accounts.



Keesler Federal Credit Union branching out Founded in 1947, the Biloxi-based credit union has $2.2 billion in assets. Mississippi Business Journal


New Jersey

Logix Federal Credit Union announces plans to move HQ to SCV The credit union, which has operated in Burbank for 78 years, confirmed its plans in an announcement Tuesday. The Signal


New Mexico

Otero Federal Credit Union remembers CEO Whiteside has worked for the credit union for over 37 years and was committed to the city of Alamogordo by serving on the Chamber of Commerce board, Committee of Fifty and Otero County Economic Development Council (OCEDC). Alamogordo Daily News


New York

GrooveCar Direct Adds Long Island Realtors Federal Credit Union GrooveCar programs are positioned to help credit unions take advantage of this flourishing market. PRWeb



Cleveland businessman sentenced to prison for his role in St. Paul Croatian Federal Credit Union collapse Spaqi, who owned several businesses, including Eclipse Bar & Grille in Clevelands Warehouse District, used a fake name, "Luke Nue," for a joint account he held at the credit union. The Sun Press


South Carolina

Amid construction clutter, new art shines at Rock Hill’s Family Trust Center Family Trust Federal Credit Union commissioned them to create art that honored the area’s history and the credit union’s values. The Rock Hill Herald


Art by Winthrop grads installed at Family Trust As Family Trust Federal Credit Union finishes its new headquarters in downtown Rock Hill, artists installed their commissioned works. The Rock Hill Herald



FBI offers reward in Knoxville bank robberies and kidnapping In April, a Y-12 Federal Credit Union employee and his family were kidnapped from their Knoxville home and held at gunpoint. WVLT-TV Knoxville


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