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.

Friday, April 18, 2014

DuTrac ranked among top 1% of credit unions Known as the ROM index, the analysis is able to demonstrate a member’s relationship with their credit union while focusing on the main functionalities of savings, lending and product usage. Quad-City Times

 

Iowa, Corridor companies cope with cyber attacks “Cyber security is vital,” said Srinivasa Siravuri, Veridian Credit Union’s Vice President of Information Technology. The Gazette

 

Alkami and CUSN Partner to Provide Clients Seamless Digital Banking Solutions Credit unions own the network, and it has a volunteer board comprised of participating credit union CEOs to govern the direction of the organization. Business Wire

 

ACSI Launches New Website Satisfaction Index “The huge amount of traffic on social media websites creates a user base where preferences, abilities and interests vary greatly—unlike the user base of a credit union, for example,” says Claes Fornell, ACSI Chairman and founder. Business Wire

 

Achieva Credit Union Selects Alkami’s ORB Platform to Increase Member Base, Add Powerful Marketing Capabilities The solution will seamlessly integrate with the credit union’s D+H UltraData core solution and provide the ultimate digital banking experience within a single, extensible platform. Business Wire

 

Vons Credit Union Moves to Malauzai Software SmartApp to Improve Mobile Banking Flexibility There was also no integration with Vons’ corporate credit union, which meant mobile remote deposit capture could not be deployed. Business Wire

 

Experts: Target’s credit-monitoring offer not enough to protect consumers In the aftermath, thousands of Americans had their credit or debit cards canceled by banks and credit unions. The Edmond Sun

 

How Lottery Tickets are Helping People Save Money The first of the modern stateside savings lotteries hit the personal finance market in 2009, when a group of eight Michigan credit unions launched the "Save to Win" program. FOX Business

 

MyJobChart.com Advice for Parents: Throw Away the Piggy Bank! Check out Different Banks and Credit UnionsClearly not all banks and credit unions offer the same kind of accounts, interest rates or limitations. Marketwire

 

Cal Poly Federal Credit Union Banks on e-SignLive The California-based credit union is focused on building excellent relationships with its members and was on the lookout for solutions that would provide a more efficient loan application experience. Marketwire

 

First West Credit Union Contributes $50,000 to Help Alleviate Global Poverty and Support International Co-Operatives The Build a Better World campaign endeavors to raise $12 million over four years to help alleviate global poverty and support the development of co-operatives and credit unions in Africa, Asia and the Americas. Marketwire

 

Gesa Credit Union Celebrates the Opening of Two New Branches The second branch to open this week will be the credit unions thirteenth branch and is located in the rapidly developing Queensgate neighborhood of Richland. Marketwire

 

Gen Y: Banks Should Offer Mobile, Rewards Options "Attracting younger customers with rewards checking accounts and mobile offerings can help community banks and credit unions increase profits as well, by way of heightened non-interest income and increased account holder engagement and retention," said Krajicek. Marketwire

 

Gesa Credit Union To Match Community Donations "We might be different credit unions, but were all a part of a credit union family and thats why we really want to unite for good and help people out in this situation," he continued. KNDO - KNDU Tri-Cities

 

BC economy to surge in 2016: Central 1 Central 1 credit union forecasts the provincial economy will expand 2.4 per cent this year, rising to 2.9 per cent next year. News 1130

 

PSCU rolls out new mobile app for loyalty rewards Members of PSCU’s credit unions enrolled in the company’s CURewards program can use the app to view merchandise redemption options, review offers and check on points. PR NewsChannel

 

FMSI Releases New Bank and Credit Union Branch Staff Efficiency Calculator The complimentary web-based calculator provides banks and credit unions with a tool to quickly assess both their labor cost savings potential, and their staff downtime hours. PRWeb

 

UVA Community Credit Union's Alison DeTuncq Recognized With Virginia Credit Union League's 2014 Farley Award of ... The award is presented to a credit union professional or volunteer official in recognition of his or her outstanding contributions to an individual credit union or to the credit union movement. PRWeb

 

Belvoir Federal COO Invited to Attend Executive Advisory Panel The panel was brought together to find ways to improve the current IWS program for credit union members. PRWeb

 

Bank On Louisville: Learn. Save. Grow. This year, Bank On Louisville is exploring new and exciting ways to reach out to those who want to establish or improve their finances and their relationship with their bank or credit union. Louisville Voice-Tribune

 

Alabama

Alabama One Credit Union CEO speaks about allegations "So you categorically deny you or anybody else at Alabama One Credit Union funneled investors toward Danny Ray Butler and what he invested in?" asked reporter Kelvin Reynolds. FOX 6 News Birmingham

 

CEO of Alabama One Credit Union defends company And we asked him the question some credit union members wanted to ask, but werent allowed to at the companys annual meeting Saturday night in Tuscaloosa. WSFA 12 Montgomery

 

California

Corporate Philanthropy Awards: 101-500 employees “Credit unions are cooperatives, founded on the principle of ‘people helping people,’ so for RCU, giving back to our community is simply who we are,” said Brett Martinez, president and chief executive officer. North Bay Business Journal

 

Business Digest, April 16, 2014: Credit unions announce merger If regulators approve, the credit union member vote would follow. Santa Cruz Sentinel

 

Colorado

Probes, not misdeeds, closed Her Majesty's Credit Union, founder says Hes also accused of selling unregistered securities and offering unrealistic returns on certificates of deposit that he advertised on the credit unions website. Denver Post

 

Washington D.C.

Keesler plans more moves in metro Jackson market - KALB-TV News Channel 5 & CBS 2 Mississippi Department of Transportation Federal Credit Union is a $4.8 million member institution. KALB Alexandria

 

Florida

Top Workplaces: Grow Financial Federal Credit Union shares strategies for success He and his executive team inside the Tampa-based credit union are constantly looking for fresh ways to keep workers engaged, motivated and, perhaps most of all, happy. Tampa Bay Times

 

Illinois

People on the Move Caldwell started at CTCU (formerly known as Warren-Newport Credit Union) in June 1993 as a teller. Lake County News-Sun

 

Massachusetts

Mills42's Correa named 'Rising Star' for credit unions To be eligible, nominees must work in a member credit union in Massachusetts, Rhode Island or New Hampshire; be under age 40; be an outstanding employee, manager or business leader; and make a notable impact on their credit union or within the industry. Lowell Sun

 

Credit unions help Fitchburg, Leominster and Shirley middle-school students learn how to handle money A collaboration of credit unions has been working with schools in North Central Massachusetts on a financial-literacy program that culminated in the CU4 Reality Fair at DoubleTree by Hilton on Erdman Way on Tuesday. Sentinel & Enterprise

 

Corrections Hot Topics: TwitterFacebookToutYoutubeNewspapers in EducationCONTACT USNEWS TIPS Print Email Font ResizeCorrectionsSentinel & EnterprisePosted: 04/17/2014 06:31:33 AM EDT A story Wednesday should have listed GFA Federal Credit Union as a member of a group of credit unions that collaborated to put on a financial literacy program that culminated in Tuesdays CU4 Reality Fair. Sentinel & Enterprise

 

Michigan

Financial literacy being taught at LMS The United Way spearheaded this opportunity, which became a partnership between 10 area banks and credit unions. The Coldwater Daily Reporter

 

Mississippi

Keesler Credit Union gaining stake in Jackson with MDOT CU acquisition The growth has made Keesler CU Mississippi’s largest credit union and gained it a 2010 federal government designation as the nation’s 63rd largest credit union. Mississippi Business Journal

 

Mississippi credit union assets grow to over $1 trillion but fewer CUs surviving From 2006 to 2010, the number of federally insured credit unions nationally went from 8,362 to 7,339. Mississippi Business Journal

 

Credit union coming to town of Terry The announcement of the new hope location was announced during the credit unions annual membership meeting Saturday, where WLBTs Maggie Wade spoke as the guest speaker. WLBT 3 Jackson

 

Montana

Try Multiple Accounts to Stick to Savings Goals I got this idea from Summit Credit Union in Sun Prairie, Wis., which runs an annual “Project Money” competition to see how much members can pay down their debts and ratchet up their savings. ABC News

 

Financial cooperative teaching 1,500 students about money this month Knudson and a few other employees from the credit union are hoping to change that by providing some basic money know-how to nearly 1,600 students in 77 classrooms in Yellowstone County schools in April. Laurel Outlook

 

New Hampshire

Another View -- Gerald Dumoulin Banker attacks on credit unions really target consumer choice A March 22 Union Leader article by Dave Solomon titled "NH banks to challenge credit unions tax status" gives air to those complaints. New Hampshire Union Leader

 

Souhegan High students students get a fair lesson in finances at CU 4 Reality Financial Fair The students already prepared for the event, having studied money management for a semester as part of the CU 4 Reality program developed by the Financial Literacy Education Committee and the New Hampshire Credit Union League. New Hampshire Union Leader

 

New York

Oswego County Federal Credit Union Wins Credit Union Association of NY Award Community involvement and community service are among our highest goals at OCFCU and it’s really special to have our efforts recognized by our peers.” According to CUANY’s web site, the Dora Maxwell award honors credit unions that have successfully participated in or led community activities. Oswego County Today

 

Ohio

H.S. students play game of 'Life' "Our goal is when they are out on their own in college or working that they know how to pay bills and are not thinking it is just rent," said Brenda Schwind, program director for Directions Credit Union, one of the event sponsors. The Toledo Blade

 

South Carolina

Every S.C. homebuyer should know about the mortgage credit certificate, but few do While not all lenders participate, the current list includes large banks and credit unions such as Wells Fargo and S.C. The Post and Courier

 

Wisconsin

Capital-Pioneer merger forms one of state's largest credit unions It will have only one name, though: Capital Credit Union. Green Bay Press-Gazette

 

Northeastern Wisconsin credit unions to merge Press-Gazette Media reports Kimberly-based Capital Credit Union will merge with Ashwaubenon-based Pioneer Credit Union. WKBT La Crosse

 

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