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.

Monday, September 15, 2014

Nussle to lead trade group "At a time when trustworthiness is at a premium, the individuals who make up the more than 100 million memberships at credit unions trust their credit unions to provide them, their families and their small businesses with the financial services they expect and need," he added. Quad-City Times

 

GOBankingRates Honors Air Force FCU's Distinction as Credit Union of the Year by the United States Air Force The USAF awards this distinction annually to the credit union that goes above and beyond to provide excellent customer service, high-quality financial products and catered support to the Air Force community. 9&10 News Cadillac

 

GenFed Financial offering personalized banking services GenFed Financial Credit Union is a financial institution offering a variety of banking services for individuals and businesses. West Side Leader & South Side News Leader

 

Jeanne D’Arc Credit Union Reopens Dracut High School Branch It instantly issues debit and credit card and will offer students an introduction to financial services course, which teaches them the basic principles and practices of credit unions and the financial industry. Banker & Tradesman

 

American Heritage Federal Credit Union Implements CetoLogic’s Deposit Reclassification, Prepares for Anticipated ... Reserve balances held at the Federal Reserve Bank earn minimal interest, and by reclaiming those funds through Deposit Reclassification, credit unions have the opportunity to reinvest for a higher yield in mortgage and consumer loans. Business Wire

 

South Carolina Federal Credit Union Extends and Expands Relationship with Fiserv; Signs 10-Year Agreement In a display of the trust and value it places in Fiserv, the credit union signed a ten-year agreement with Fiserv. Business Wire

 

Heroin addicts behind surge in bank robberies And law enforcement says banks and credit unions are becoming targets of the addicts. ABC 4 Salt Lake City

 

Enacomm Teams Up With Credit Union Core Processor Corelation "We are happy to join forces with Corelation to help credit unions provide their members with service that lays the foundation for a lifelong relationship," said Enacomm CEO Michael Boukadakis. Marketwire

 

Can You Still Find a Free Checking Account? And if you cant get out of it, another institution with better terms, like a local bank or credit union, would be happy to have your business. Nasdaq

 

CUCM CEO announces retirement Manness has been head of the trade association and service provider for the province’s 36 credit unions for 15 years during a time of dramatic growth of the popularity of credit unions in the province. Winnipeg Free Press

 

Florida

Governor Mark Dayton Issues Proclamation Declaring TruStone Financial Day The name changed to TruStone Financial Federal Credit Union in 2009, but the credit union continues its original philosophy by providing its more than 85,000 members with upstanding, unwavering financial services. Marketwire

 

Georgia

Georgia credit unions post strong 2nd qtr. Georgia’s credit unions also saw a growth of 2.6 percent on first mortgages and 0.3 percent for second mortgages. Athens Banner-Herald

 

Massachusetts

New Intelligent Limit System® Overdraft Management Interface DNAapp™ Eases Implementation for DNA™ Users The ILS Interface will allow financial institutions using DNA to easily create the files necessary to use the Intelligent Limit System." Kevin Zimmer, CEO of Greylock Technology Group, added, “Velocity Solutions® has been an important partner of Greylock Federal Credit Union for five years. Business Wire

 

Ohio

Monroe bank shows improvement Bauer’s highest ranking for banks and credit unions is five stars. The Toledo Blade

 

Tennessee

Sharpe, HealthNet Find Success in Changing Industry Beth Sharpe is a vice president at Healthnet Federal Credit Union, founded in 1955 and formerly known as Baptist Memorial Federal Credit Union. The Memphis Daily News

 

Utah

David Blankenhorn: Prize-linked savings programs are a better option than lotteries We traveled the state talking to civic leaders and finance and credit union leaders. Deseret News

 

Virginia

Financial institution offers advice on safe debit spending The Johnson City Federal Credit Union gets an hourly report of consumer transactions. WCYB 5 Tri-Cities

 

Washington

Columbia Credit Union nation's 18th healthiest Approximately 6,600 credit unions were evaluated based on deposit growth, available capital and loan to reserve ratios, among other factors. The Columbian

 

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