News

Tom Dorety, the CEO of the $5.9 billion Suncoast Schools Federal Credit Union and the incoming CUNA chairman, sees days of challenge and opportunity ahead for credit unions as they seek to serve their members through one of the more significant economic downturns the U.S. has seen recently.

New CEOs expect a learning curve when it comes to new fields of membership, but do CEOs with backgrounds that match their FOMs have an advantage over their peers?

Fidel Castro may have resigned as Cuba's president but the impact of his long-running feud with the United States can still be felt by thousands of Canadian MasterCard holders whose plastic has been rendered useless in the popular tourist destination.

A new branding framework enlisting credit unions, state leagues and foundations nationwide to coordinate outreach projects, low-income initiatives and charity projects ranging from payday products to Children's Miracle Network is being launched this week at CUNA's GAC conference.

One of the lessons CUNA learned in launching its "Home & Family Finance" radio program is station managers are more likely to respond to requests for air time if they come from a local credit union rather than a big name, Washington-based trade group.

Financial institutions are making progress in protecting consumer identity and customer accounts but there's more work to be done, and getting the consumers themselves more involved would be a good way to start. Those are among the conclusions of Javelin Strategy and Research's annual ranking of bank and credit union...

Senator Hillary Rodham Clinton (D-N.Y.), in the midst of a heated race for the Democratic primary nomination, issued a comprehensive plan at the end of January aimed at ensuring fair access to credit on reasonable terms for Americans.

Amid growing fears of economic recession or worse, America's workforce is struggling to cope, and neither the recently-passed stimulus package nor the Federal Reserve's rate cuts will fix what ails the nation's shaky situation, said former Secretary of Labor Robert Reich.