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.

Merit Credit Engine software helps credit unions and other lenders meet the October 3, 2016 compliance deadline for MLA regulatory changes affecting loans to active duty service members and their dependents. The NCUA has issued three regulatory alerts on the Military Lending Act.

Credit Unions Todays credit union leader has a lot to consider.


Alaska Becomes 50th U.S. State to Launch NCR Interactive Teller "Adding NCR's Interactive Teller to our network of branches and ATMs was a natural next step in our commitment toward providing easier and more accessible service to our members," said Ed Gravley, Chief Operating Officer at Matanuska Valley Federal Credit Union. Market Watch


Tuscaloosa credit union suspect indicted The incident happened at the Alabama Credit Union on Paul Bryant Drive in Tuscaloosa. CBS 42

Redstone Federal Credit Union commits Random Acts of Kindness Thank you so much." A vice president with the credit union says they will be out in the community doing other random acts of kindness like buying your lunch or paying for your dry cleaning a couple of times a month for the rest of the year, so be on the lookout for those bright green shirts.


Santa Cruz High students learn finance through fun and games In the end, many of the students end up at the credit union, asking questions about debt, balancing their budget and listening to explanations about wants versus needs. The Monterey County Herald


Navy Federal jewel of Enterprise Florida In an emailed statement, White praised Navy Federal as an "economic gift that keeps on giving." He also commended the credit union for its local work in the community. Pensacola News Journal

NorthCountry Federal Credit Union Partners With Lund's Mother's Day Ride and Walk for Children "We are very pleased and grateful to welcome NorthCountry Federal Credit Union back as presenting sponsor for the Mother's Day Ride and Walk for Children. VTDigger


Credit Union Marketing Ideas For example, one credit union that tried to buck what it considered staid marketing decided to offer barf bags with the slogan, "Is your bank making you sick?" Although the bag contained $425 worth of coupons, employees and customers thought the bags were gross, and the marketing campaign flopped.


Bankjoy signs trio of credit union deals Based in Pocatello, ID, Advantage Plus Federal Credit Union opted for home and banking apps but is also mulling over Bankjoy Voice.


5-Star NuMark Credit Union Recognized as One of the Strongest CUs in the Nation "NuMark Credit Union isnt pushing products or services on you that you dont need or want", says Dorway. Chicago Tribune


3Rivers FCU spend Presidents Day volunteering For the past three years, the credit union has done community service on the holiday. WANE-TV Fort Wayne

Heritage Federal to Open Henderson Branch This expansion is part of the credit unions approval in 2015 by the National Credit Union Administration (NCUA) to allow HFCU to expand into Henderson County. FOX 7 WTVW Evansville


St. John School announces Community Award winners Schlatre announced the recipients of this years Neighbors Way Brotherhood/Sisterhood Award, sponsored by Neighbors Federal Credit Union. Post South


Personnel File - Banker & Tradesman Kaley was previously contact center supervisor, helping oversee 70 percent of all incoming calls and contacts to the credit union, including all internet banking inquiries. Banker & Tradesman

Workers Credit Union pays $3.3M to members The 2016 payout was deposited into members accounts this month based on account and loan balances last year, Workers Credit Union said in announcing the payments Tuesday. Worcester Business Journal


Region works to develop cybersecurity consortium It is a move that area businesses like Melrose-headquartered Central Minnesota Federal Credit Union hope will help address the lack of interested professionals in this area. St. Cloud Times


Four $1,500 Scholarships Offered by Neighbors Credit Union Our 2017 Neighbors Credit Union Scholarship Contest will award four $1,500 scholarships in honor of our four previous board members: Clarence Hagemann, Harry Sommers, Lynn Beckwith, and Adell Allen. Patch


Newell honored by Mississippi Council of the Navy League The award is sponsored annually by the Mississippi Council of the Navy League, EMDBC, Navy Federal Credit Union and GEICO Financial. The Meridian Star


Montana banks excited at prospect of relaxing federal Dodd-Frank act Parts are still needed to prevent another mortgage collapse, but they say they hope additional reform could bring relief for small community banks and credit unions. Ravalli Republic


Directions Credit Union moving into downtown Toledo Directions Credit Union has announced plans to occupy the 15th, 16th and 17th floors of the 28-story building in downtown Toledo. Toledo Blade


Heritage South Community Credit Union Annual Meeting is Saturday, Feb. 25th Chartered January 7, 1957, Heritage South, formerly EPCO Credit Union, began as a cooperative of employees from Empire Pencil Company in Shelbyville. Marshall County Tribune


St.Kitts' Melvin Edwards To Be Inducted Into African American Credit Union Hall of Fame The African American Credit Union Hall Of Fame "was created to recognize African Americans and their contributions to the credit union industry as well as to become a repository for the history of African Americans in the Credit Union movement," the organization stated.

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