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.

 

 

The 3 best places to get a personal loan In 2014, credit unions originated a bit less than 30% of all personal loans. Bankrate.com

 

Arizona

Arizona Federal Holds Benefits Fair... But For Members, Not Employees Deposits are insured by the National Credit Union Administration. PRWeb

 

California

A celebration of creativity: Downey’s 2016 STEAM Festival — The Downey Patriot The festival will be taking place in the hours of 10 am to 4 pm at Downey Federal Credit Union and its surrounding streets. The Downey Patriot

 

Florida

FINRA Investor Education Foundation and Filene Research Institute Announce Employer Sponsored Small Dollar Loan ... “With the work of the FINRA Foundation and these credit unions we will be able to learn what works so that this product can be offered by more financial institutions. Business Wire

 

Georgia

Kinetic to open new branch at Lakeside Village The credit union recently assumed operations of three former MEA Federal Credit Union branches on Macon Road, at Bradley Park on Whitesville Road, and in Valdosta as part of a merger. WTVM 9 Columbus

 

Iowa

Police seek to identify bank robbery suspect at the Member’s First Federal Credit Union, 176 Hershey Road, in South Hanover Township. FOX 43 Harrisburg

 

Kernels Home Stand Preview: May 17-23 Three lucky fans, age 18 and older, will win a 32-inch flat panel TV as part of First Federal Credit Union Flat Screen Thursday. OurSports Central

 

Indiana

FOP holds annual Kids Helmet Day Saturday, hundreds of children fitted with free helmets Organizers of the event say having the FOP and the Credit Union collaborate is important for the safety of kids. Indiana's NewsCenter

 

Maryland

Credit union breaks ground in Westminster Point Breeze Credit Union, a member-owned, not-for-profit financial cooperative, plans to hire management staff and several member service specialists to operate the office. Carroll County Times

 

Michigan

Snoop Dogg, ex-NBA player Peterson to host game to help Flint "Hoop 4 Water" is scheduled for Saturday at the Dort Federal Credit Union Event Center in Flint. KTNV Las Vegas

 

Honoring West Michigan's best employers This year, the award for the "Elite Overall - Best of the Best" went to MSU Federal Credit Union. WZZM 13 Grand Rapids

 

Minnesota

Great River Federal Credit Union Joins the Rate Reset Network Great River Federal Credit Union, headquartered in Saint Cloud, MN, has over 14,400 members and $161 million in assets. PRWeb

 

New York

Catholic credit union association launched The creation of CCUA comes as institutions are seeking to share best practices, according to news release issued by Notre Dame Federal Credit Union, an association member. South Bend Tribune

 

Pennsylvania

ATM Card ‘Skimming’ Victim Talks About Account Being Hacked The credit union became suspicious when several members called about problems with their accounts. WNEP 16 Pennsylvania

 

David Bruce: Reduce your risk of debit card fraud "A provisional credit is issued, then a permanent one once the matter is investigated." That is true at the Erie credit union and other debit card issuers across the country, according to the Federal Trade Commission. Erie Times-News

 

Two Pittsburgh-area credit unions on list of potential merger candidates The local credit unions on BauerFinancial Inc.’s “Likely to Merge” list released this week were Pittsburgh Central Federal Credit Union in Sewickley and Teamsters Local 30 Federal Credit Union in Jeannette. Pittsburgh Post-Gazette

 

South Carolina

Founders FCU Leverages Source Technologies’ 6-Series Kiosk To Streamline Member Queueing At Branch Locations “Implementation of the kiosk has already had a positive impact for our staff and our members and it is really revolutionizing how members sign in and how our staff manages member service,” said Bruce Brumfield, President and CEO at Founders Federal Credit Union. Business Wire

 

South Carolina Federal Credit Union Selects Array Networks Application Delivery Controllers to Boost Performance ... The Array has remained powered-on since day-one with no problems.” Founded in 1936, South Carolina Federal Credit Union has grown to serve more than 150,000 members and hold nearly $1.5 billion in assets. Business Wire

 

Convicted ex-manager at Summerville credit union formally barred from industry “Susan” Young, a former manager of card services at Heritage Trust Federal Credit Union in Summerville. The Post and Courier

 

Founders looks to expand footprint into Columbia “This opportunity, it was just too good to pass up.” Columbia residents have seen a lot of Founders recently, and they can expect to see more as the state’s largest credit union expands its footprint into the Midlands. The State

 

Texas

SACU to Offer Short-Term Small Dollar Loans Powered by QCash Financial Loan applications are underwritten, approved and funded in under a minute using an underwriting process based on members’ financial history with the credit union. Business Wire

 

Federal credit union CEO sentenced 41 months for embezzlement Federal investigators became aware of the scheme after Vickers retired on good terms after 25 years in upper management at the credit union. Houston Chronicle

 

Rocky Mountain Raceways to take second shot at 2016 season opener The feature event of the weekend will take place Saturday on the America First Credit Union Super Oval with an Oval Racing Series event. Deseret News

 

Virginia

New Generations Federal Credit Union Gives Recent Higher Education Graduates a Financial Leg Up Today, the credit union serves a diverse range of people with membership open to anyone who lives, works, worships, or attends school in the city of Richmond and the surrounding counties of Chesterfield, Goochland, Hanover, and Henrico. PRWeb

 

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