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.

Thursday, December 18, 2014

Fiserv Converts Your Neighbourhood Credit Union to DNA YNCU joins a large community of Canadian institutions who rely on DNA technology, including banks, trusts and more than a third of the countrys credit unions. ThomasNet


4 credit unions join forces to ensure Christmas Dinner guests eat turkey Dinner volunteer and spokesperson Tammy Waterfield said Sunrise, Crocus, Vanguard and Westoba credit unions are helping cover the cost of approximately 110 much-needed turkeys for next week’s event. Brandon Sun


Debit card skimming could be problem in Westman He added it appears to be a problem popping up across the province, and not just with credit unions. Brandon Sun


Reimbursements due in debit-card scam By early evening Sunday, the Twitter voice for Manitobas credit unions issued assurances on behalf of credit unions. Brandon Sun


Here Are The Best And Worst Mobile Banking Apps MagnifyMoney looked at the app store ratings of the top 50 bank and credit union apps to see which ones users liked and which ones they didnt. Business Insider


The Members Group, Saylent and CO-OP Find Spending Up During Long Thanksgiving Shopping Period The results covered debit activity at 20 different merchant types nationwide by members of credit unions that use CO-OP for transaction processing. Business Wire


Volaris Group Acquires Wellington Computer Systems Ltd. Wellington IT provides mission-critical software to both the Credit Union and Beverage Distribution industries. Marketwire


New website provides debt advice to Scots “Initiatives, like this Government website, supporting those shouldering the burden of debt are imperative alongside the practical credit and protection solutions offered by credit unions throughout Scotland. The Scotsman


The cost of NI's Christmas revealed (© Getty)A recent study by Northern Irelands credit unions says that men will spend more than women and that most people will be forced to borrow to finance their festive period. U TV


Card-skimming was work of 'organized crime' Among the victims was Southdale MLA Erin Selby, who tweeted Sunday her Cambrian Credit Union account had been drained. Winnipeg Sun



Grossmont's Devan Named to Catalyst Corporate Credit Union Board Devon, who has served on the supervisory committee to Catalyst since 2012, is the first California Credit Union professional to serve on the credit union’s board, which is made up of 11 individuals from nine states. San Diego Business Journal


Steven Devan Named to Catalyst Corporate Credit Union Board Corporate credit unions provide financial settle services such as check clearing, funds transfers, ATM transaction services and networks, and other services to its members. San Diego Business Journal


How to invest with a social conscience: Some popular options Joining a credit union is a simple way to invest in a community. Los Angeles Times



Coors Credit Union Acquires Blue Spruce Federal Credit Union As part of the merger agreement, Coors Credit Union has committed to retaining all BSFCU staff. Business Wire



Ex-CEO of Pinellas Federal Credit Union admits taking bribe A year before the incident occurred, Reynolds-Sienkiewicz had been named chief executive officer of the year by the National Association of Federal Credit Unions. Tampa Bay Times



Hopkins Children's Center competes for award The award is being offered in celebration of the 20th anniversary of CU Direct, a vendor that works with credit unions. WBAL-TV Baltimore



Wesley Health Systems Federal Credit Union to merge with Keesler Federal Credit Union Wesley FCU will assume the name of Keesler Federal Credit Union. Mississippi Business Journal



Seeking relief from high interest on college loans Then try your local credit unions.



Business beat - Sun, 14 Dec 2014 PST This award recognizes credit unions that have implemented outstanding lending programs and demonstrated sound financial performance. The Spokesman-Review


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