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, October 31, 2014

Banks Look to Reduce Amount of Personal Data Collected (Infographic courtesy of LexisNexis) Meanwhile, consumers reported having a high level of trust with financial institutions: 60 percent of consumers surveyed say they are very willing to share PII with banks, credit unions, and other financial institutions. BankTech

 

Ceto and Associates Celebrates 20th Anniversary Ceto and Associates works closely with banks, savings banks and credit unions, and specializes in developing and deploying solutions that focus on increasing profitability through initiatives that maximize revenue, reduce expense and improve organizational performance and efficiency. Business Wire

 

17 Expert Ways to Save Money Every Day Brian Blake, Vice President of Spring Bank Choose a Local Bank or Credit Union Brian Blake, vice president of Spring Bank , explained the value that local banks can offer. Nasdaq

 

Illinois

Local Business Notes: Klemm steps back from residential development * Heartland Credit Union of Springfield has been included in the annual edition of the ?Top 200 Healthiest Credit Unions in America? by Deposits Accounts, an online deposit-tracking service. The State Journal-Register

 

Massachusetts

Greylock Federal Credit Union President and CEO Marilyn Sperling to retire Hilton Associates, which has provided consulting services to credit unions nationally for 29 years. Berkshire Eagle

 

North Carolina

Charlotte tax preparer sentenced for fake returns Nkhenge “Konjay” Shropshire, 41, also was ordered to pay $582,933 in restitution to the Internal Revenue Service and nearly $40,000 to a pair of credit unions that authorities said she defrauded. The Charlotte Observer

 

New Hampshire

Service Credit Union earns high financial rating Weiss Ratings’ “A or Excellent” rating recognizes Service Credit Union as an outstanding financial institution offering exceptional financial stability for its more than 192,000 members. Exeter News-Letter

 

Texas

DATCU makes list On the list of both banks and credit unions, there is no other local entity in Denton County and few in North Texas. Denton Record-Chronicle

 

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