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Merger Pace Quickens
November 20, 2009
The fallout from the recession continues to trigger more credit union mergers....
CU-Run ‘Best Wishes’ Overcomes Setbacks to Aid Military Again
November 20, 2009
Less than a week before Thanksgiving the six-year old, credit union-run “Operation Best Wishes” campaign to support the troops is on an expanded nationwide roll managing to struggle without financial backing of its major benefactor, WesCorp. ...
First Impressions Really Matter for Small Biz Owners
November 20, 2009
As the credit union industry touts its reputation for its treatment of members, some banks fall short on how they treat their small business customers. ...
Porter Elected to Board of FHLB-SF
November 20, 2009
J. Benson Porter, chief executive officer at the $2.4 billion Addison Avenue Federal Credit Union, was elected to the board of the Federal Home Loan Bank of San Francisco earlier this week. Porter said he will begin serving his four-year term Jan. 1....
OMEGA FCU Announces New CEO
November 19, 2009
OMEGA Federal Credit Union has tapped former Security Credit Union Executive Vice President/Chief Financial Officer Troy L. Garvin as its new CEO....
‘Safe Haven’ for Insured Deposits May Grow Membership
November 19, 2009
While it may be hard to pinpoint if credit union deposit rates are bringing in a large number of new members, CUNA Mutual Group said some of the recent membership gains might be attributed to those seeking a “safe haven” for insured deposits. ...
Housing Starts Fall
November 18, 2009
In another sign that the economy hasn’t completely turned around, housing starts fell 10.6% in October, following two months of increases, according to a report issued today by the Commerce Department and the Department of Housing and Urban Affairs....
Billionaire Buffet Part of $500 Million Small Biz Program
November 18, 2009
Credit unions could be part of a new $500 million initiative to bolster small businesses through a program created by Goldman Sachs Group Inc. and co-chaired by billionaire Warren Buffet. ...
CPI Increases Again
November 18, 2009
Consumer prices increased 0.3% last month, the Labor Department reported today....
Ex-CEO Finds Wedding-On-Wheels Tops Running a CU
November 18, 2009
Here’s a tale about an ex-credit union CEO who abandoned the industry to take up a quirky new line of business and this month again received national TV exposure. ...
CFPA, State Powers Are Bones Of Contention in Dodd Plan
November 18, 2009
Credit unions dodged a big bullet but still face potential additional regulatory burdens under the bill to revamp the way financial services are regulated unveiled last week by Senate Banking Committee Chairman Christopher Dodd (D-Conn.)....
Advisers Prefer Fewer Provider Visits, Says Survey
November 18, 2009
Investment advisers at credit unions and CUSOs are familiar with the litany of visits, e-mails and calls from providers,...
CUs Donate to Fort Hood Victims
November 18, 2009
Credit union donations to help the victims and families of the Fort Hood shooting massacre were starting to pour in from across Texas and the U.S. last week with special accounts set up by foundations and individual CUs....
CU Extends Help Finding Tax Refund Holders
November 18, 2009
North Carolina’s State Employees’ Credit Union stepped in last week when the IRS issued an alert seeking help distributing $123.5 million in refunds that were returned to the agency....
NuMark CU Trains In-School Student Tellers
November 18, 2009
NuMark Credit Union started its state-sponsored bank at school program by training four students to be tellers....