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.

 

Fed Up With Your Bank? Consider a Credit Union This week I want to write about "un-banks"--in other words, credit unions. ABC News

 

AltaOne Federal Credit Union Selects Symitar AltaOne identified Episys as the system best suited to support the credit union in these areas. Yahoo Finance

 

Compare credit union accounts in 2014 This chart provides checking account yield, monthly service fee, penalty for nonsufficient funds and the minimum to open an account to earn interest for those credit unions in the survey. Bankrate

 

Qantas Credit Union teams with Infosys Finacle to overhaul IT Under the partnership, the credit union will be developing peer-to-peer payments and digital wallet products, as well as a new tablet and smartphone app, and will also undergo an upgrade of its online banking platform. ZDNet

 

Colorado

Northern Colorado Credit Union merges branches to offer better, more focused service The rebranded Northern Colorado Credit Union recently closed its downtown branch and merged it with a central Greeley branch in an effort to offer better customer service to its members. The Tribune

 

Georgia

Warner Robins-based Robins Federal Credit Union to change name in January The credit union opened its membership over the years to other groups of people, and it now open to anyone who lives, works or worships in 16 Middle Georgia counties. The Telegraph

 

Hawaii

HFS Federal Credit Union supports hospital Special to West Hawaii Today HFS Federal Credit Union members and staff raised over $34,000 for Kapiolani Medical Center for Women and Children on Oahu, which is the local Children’s Miracle Network Hospital. West Hawaii Today

 

Illinois

Former Scott Credit Union Loan Officer Indicted for Fraud The indictment alleges that Longust was an employee and officer of Scott Credit Union in the commercial loan department from November 7, 2005, continuing through December 8, 2014, and held the title of Business Relationship Manager. FBI

 

Indiana

Centra Credit Union Appoints CEO He previously served as chief retail officer for South Bend-based Teachers Credit Union. Inside Indiana Business

 

Michigan

VHA Credit Union closes, Public Service assumes assets, shares As of March 29, all members of the VHACU became members of Public Service Credit Union. The Daily News Local News

 

New Mexico

Credit union’s new name ‘Nusenda’ gets feedback, jokes The renaming of the credit union was a bold move that got a lot of cheers from the crowd, even a congratulations from the mayor of Albuquerque. KRQE News 13

 

Ohio

Ex-credit union CEO sentenced to 10 years in federal prison for $15 million fraud conspiracy District Judge James Gwin cited Alex Spirikaitis theft of more than $4 million from the Taupa Lithuanian Credit Union in deciding on a 130-month prison sentence, plus $15 million in restitution. Cleveland Plain Dealer

 

South Carolina

Free shred event scheduled for Saturday South Carolina Federal Credit Union is hosting a free document shredding event Saturday. Live 5 News Charleston

 

Texas

Fort Worth Engineer Surprised with $10,000 from Neighborhood Credit Union He explained that he found out about the credit union through an online search for a financial institution with good savings rates. My West Texas

 

Virginia

Scenic Community Credit Union celebrates name change Ann Shutters, administrative assistant at Scenic Community Credit Union, said the change in name mirrors their members: the residents of Hamilton, Marion and Sequatchie counties in Tennessee, and Catoosa, Dade and Walker counties in Georgia. Nooga

 

Wisconsin

Merger of Capital Credit Union, Pioneer Credit Union continues trend While the merger will be the states fifth so far this year, it will create Wisconsins eighth credit union with more than $1 billion in assets. Milwaukee Journal Sentinel

 

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