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, August 29, 2014

Bethpage Federal Credit Union Reengineers Compliance Management with Continuity Control With 237 thousand members and $5.6 billion in assets, the credit union saw the need early on to stay ahead of regulatory changes and the staffing and financial burdens they can present. ThomasNet

 

GenFed Financial offering personalized banking services GenFed Financial Credit Union is a financial institution offering a variety of banking services for individuals and businesses. West Side Leader & South Side News Leader

 

Grow Financial Partners with The University of South Florida The Credit Union will also be providing a supply of rally towels for each section. Business Wire

 

STCU Taps Alkami for Modern Digital Banking Platform to Provide the Ultimate Member Experience The new digital banking platform enhances the $1.9 billion credit union’s online and mobile banking capabilities and seamlessly integrates with its core banking system D+H Phoenix. Business Wire

 

Chinook Credit Union and First Calgary propose merger The two different credit unions plan to keep their current, local identities and community focus. Drumheller Mail

 

Credit Union CEO to Take Dive for Charity Doug will also be there to help serve up hot dogs and smokies along with the Community Savings Credit Union staff. Marketwire

 

Enacomm Teams Up With Credit Union Core Processor Corelation "We are happy to join forces with Corelation to help credit unions provide their members with service that lays the foundation for a lifelong relationship," said Enacomm CEO Michael Boukadakis. Marketwire

 

3 Types of Debt You Never Want to Have Many community banks and credit unions offer short-term loans to cover expenses and do so at rates far better than payday lenders. Nasdaq

 

Commissioner investigating alleged data breach by credit union investigators The Irish League of Credit Unions says it was not aware that the companies it used were using the alleged tactics. Western People

 

Florida

Florida-based ID thieves strike quickly in Northwest Often theyll use stolen identification from one victim and the account number of another victim to swindle banks and credit unions. Everett Herald

 

Governor Mark Dayton Issues Proclamation Declaring TruStone Financial Day The name changed to TruStone Financial Federal Credit Union in 2009, but the credit union continues its original philosophy by providing its more than 85,000 members with upstanding, unwavering financial services. Marketwire

 

Former MacDill AFB chief new V.P. at GTE Financial The former commander of the 6th Air Mobility Wing at MacDill Air Force Base has been named as senior vice president for products and member sales at GTE Financial, one of Floridas largest credit unions. Tampa Bay Times

 

Idaho

Riverstone gift store opening in September STCU underway at Crossroads Kootenai Countys third branch of Spokane Teachers Credit Union (STCU) is under construction in the southwest corner of the Crossroads (Winco) Center at Ramsey Road and Appleway. Coeur d'Alene Press

 

Massachusetts

New Intelligent Limit System® Overdraft Management Interface DNAapp™ Eases Implementation for DNA™ Users The ILS Interface will allow financial institutions using DNA to easily create the files necessary to use the Intelligent Limit System." Kevin Zimmer, CEO of Greylock Technology Group, added, “Velocity Solutions® has been an important partner of Greylock Federal Credit Union for five years. Business Wire

 

Michigan

IMM Reinforces Customer Success with Consultative Practice Offering “Perhaps our biggest takeaway is seeing a more holistic roadmap of IMM and how future offerings can be applied to OUR Credit Union as well as to IMM’s other customers.” Howard Klein, IMM vice president of operations, said, “Our goal is to bring projects home on time and on budget. Business Wire

 

New York

Credit unions cash in as local, national membership grows In the Utica-region alone, there are more than 217,000 credit union members. The Observer-Dispatch

 

Washington

Blog Mike Corn, president and CEO of the Scottsdale, Arizona firm, said the program will help Sound CU to be more competitive with online real estate companies like Zillow and Redfin, by giving members access to the tools and resources they want through the credit union they trust. South Sound Business Examiner

 

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