Commentary

The consolidation trend continues as more and more credit unions, small and large, healthy and troubled, consider merger as a legitimate strategic response to increasing competition for market share.

LATHAM, N.Y. - Covera Card Solutions, formerly the New York Credit Union League's Card Services program, has found a good deal of success since signing on with CO-OP Network for ATM processing.

The other day, as I was riding to the Treasury Department to outline credit union and CUNA financial education and literacy efforts before the meeting of the Treasury's Financial Literacy and Education Commission, I got to thinking about contrasts-particularly between credit unions and banks.

The ongoing threat of terrorism, the impact of last year's hurricane season, and the pending avian flu pandemic have once again turned the attention of the public, the regulators, and managers nationwide toward Business Continuity Planning (BCP). This intensified focus directs leaders throughout every industry to review their situations and...

Managing auto loan portfolios has become increasingly complex in recent years, in part because of the growing number of "skips" and increasing deficiency balances. These trends make it imperative to be proactive and diligent in your loss mitigation efforts, and your collateral protection program plays an integral part of that...

Let's face it: There's no success in isolation. This is true at nearly every level of society. As individuals, we routinely combine our efforts with others to achieve greater success, as do our credit unions. If you doubt this, think of what your credit union would look like absent all...

Are credit union organizations of value to credit unions? In an article praising two recent credit union to bank converts in the Dallas area, the ABA Banking Journal recently praised the former credit unions for avoiding entangling relationships with credit union organizations, particularly those surcharge-free ATM and shared branching networks...

An April 26 opinion piece by the CEO of the Michigan Credit Union League, among other things opines "bankers will fail in their quest to contain and convert."