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.

Saturday, November 22, 2014

DuTrac, Chemical credit unions to merge The proposed merger would create a $616 million credit union serving more than 43,000 members throughout 21 counties in Iowa, Illinois and Wisconsin. Quad-City Times


Island Savings members appove merger with First West Dewar will be parting ways with the credit union to pursue other opportunities. Business Examiner


Island Savings vital to Island communities This is the heart and soul of a truly successful credit union – one that lives its co-op principles. Business Examiner


Credit unions ask for public support on tax measures Now, credit unions need your support. Business Examiner


Allied Payment Network Introduces BizPay…To Grow Relationships and Results “Offering a needed solution, such as BizPay, can help transform a small business and solidify a bank or credit union’s small business relationship. Business Wire


Email to a Friend Pastrick leads a department responsible for providing economic analysis and forecasts to credit unions and the public at large. The Delta Optimist


3 Easy Ways for 20-Somethings to Establish Credit Check out your local credit union Many credit unions have a loan product called a "credit builder" loan, or something similar. Nasdaq


Here's When It Makes Sense to Choose a Big Bank Theyve been transferring their money out of large national banks -- like Citi, Bank of America and others -- and into local community banks and credit unions. Nasdaq


Jumping the shark. They could range from credit unions, housing associations to social enterprise providers and more, with the Trust encouraging innovation in how to service affordable, easy to use loans. The New Statesman



MONEY: Vantage West Credit Union recognized as a great place to work During the merger acquisition, Vantage West committed substantial time, resources and staff to make the transition as seamless as possible for its members and employees, noted Tombstone Attorney Patrick Greene, who sits on the credit union’s board of directors. The Sierra Vista Herald



San Diego County Credit Union Reports Net Income of $75M The credit union opened two branches in the San Ysidro and Clairemont areas recently, bringing the total to 35 branches in San Diego, Orange and Riverside counties. San Diego Business Journal



Colorado charters credit union for pot industry However, before it can open permanently for business, action is also required by the National Credit Union Administration and Federal Reserve. Albuquerque Journal


Colorado pot credit union could be open by Jan. 1 under state charter The next hurdles will be obtaining insurance from the National Credit Union Administration, the federal regulator of credit unions, and getting a master account from the Federal Reserve System. Denver Post



From one bank to another “In October, we celebrated National Credit Union Week which demonstrates the impact credit unions have in the communities they serve.” Irving Soto of the KCFCU said they wanted to raise awareness of how food drives help families. The Garden Island



UPDATE: Arrest made in 'random encouter' attack at Wichita park "All of the Credit Unions of America have set up a separate account for this individual. KAKE Wichita



Target to judge: Banks’ losses in our card breach aren’t our problem The suit has been brought by five banks—First Federal Savings, Village Bank, Umpqua Bank, Mutual Bank, and Louisiana’s CSE Federal Credit Union. Ars Technica



Madison credit union falls victim to fraud scheme UW Credit Union says it has taken an estimated $13.1 million "loss contingency" charge against earnings. Baytown Sun


Which is the higher credit score? Credit Websites or Lenders? So, if a consumer had a loan with one of these two credit unions...and checked their score with Credit Karma, the loan would not show up on the report--making the score lower than expected. KFDA-TV Amarillo



5 Auto Financing Tips from Falls Church Businesses Compare all financing options There are many financing options from the car dealership to banks and credit unions and even auto insurance companies. Falls Church News-Press



Blog Lakewood’s Harborstone Credit Union landed #79 on the list for member-owned financial institutions. South Sound Business Examiner


Yakima-based credit union to merge with Gesa of Richland “In this time of ever-changing conditions in an unpredictable financial world, it becomes more and more difficult for a small credit union to survive.” said Terry Wheat, CWFCU’s president and CEO, in a news release Wednesday. Yakima Herald-Republic


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