News

Roughly fifteen months after the Durbin amendment went into effect, the controversial legislation that capped debit card interchange for issuers with over $10 billion in assets has painted a mixed picture for most credit unions.

For 2013, the new social media mantra has to be strategy first.

Credit unions from the West Coast to the South and the Midwest are waking up to the fact that reaching out to potential Hispanic members is an important part insuring a growth for the industry.

Despite what almost everyone agrees is the deep importance of the topic, credit unions have become largely ambivalent about reforming the secondary mortgage market and uncertain about potentially disrupting a system which seems to be working well, according to executives with credit union organizations familiar with the issue.

Even though Paul Gentile has been working as CUNAs new executive vice president of strategic communications and engagement for only eight weeks, he has already hit the ground running by opening more channels of communications with CUNA members through a variety of recently launched projects.

In 2012, the NCUA reported nearly 1,500 federally insured credit unions had loan participations with total balances of nearly $13 billion.

Investing and stock trading isnt typically at the top of members to-do lists, especially young members lists. And its not a priority for most credit unions either. In fact, according to Hendrix Niemann, managing director of practice and wealth management services for CUNA Brokerage Services Inc., about 1,000 credit unions...

Merger would give $763 million Charter Oak its 13th branch in London and Windham counties.