WELLINGTON, New Zealand - When Police and Families Credit Union (PFCU) launched its online banking service called AccessOnline this month, 260 members used it in the first day. The response continues to grow. The new service allows members to check accounts, transfer funds between their accounts and family members' accounts,...
NEW YORK - The United Nations Federal Credit Union is the latest to jump on board the branding train. "With branches overseas and here, we quickly recognized the need to consolidate into one brand that would create a unified experience for members," said UNFCU Vice President of Marketing Debra Innocent....
CAMBRIDGE, Mass. - A new Technographics Report from Forrester Research, Inc. finds that consumers with investable assets of at least $1 million are confident about the economy and market, secure in their wealth and optimistic about technology. As a result, Forrester recommends two approaches to reach those consumers - breeding...
LONDON, England - A debate before Parliament put the case for credit unions strongly before the House of Commons, including a central services organization, which is a pet project of the Association of British Credit Unions (ABCUL). The debate was introduced by Gareth R. Thomas, Labour and Co-op member for...
ATLANTA-It's summertime and Georgia Federal Credit Union's platinum and classic VISA card portfolio is practically bursting at the seams. "The response to this simple promotion has just been phenomenal," said GFCU Vice President of Marketing Kim Wall. "We are very committed to our credit card portfolio, and really why would...
TAMPA, Fla. - Good marketing doesn't have to be salesy, it can be educational too. GTE Federal Credit Union has gotten a jump on taking its members and staff back to school for an education- credit union style. The $819 million credit union has a new five-year strategic plan that...
WASHINGTON - Credit unions are well-aware of the abuses and consequences of predatory lending on borrowers. Now, the North Carolina-based Coalition for Responsible Lending has quantified in a report the sobering ramifications of the lending abuse practice - predatory lending costs borrowers an estimated $9.1 billion annually. CRL Spokesman Martin...
TAMPA, Fla. - Don Charron, senior vice president responsible for mortgage and consumer lending for Suncoast Schools FCU has only one way to describe the $2.6 billion CU's mortgage operation post- vs. pre- implemention of Fiserv's easyLENDERT loan origination software - "It's like night and day," says Charron. After working...
Subprime lending has provided many consumers with blemished credit histories with the key that opens the door to home ownership. But has this practice also inadvertently fostered the rise of a group of homeowners who are dissatisfied and mistrustful of the mortgage process? Read about this and other mortgage-related news...
WASHINGTON - Credit unions would do better to keep an eye on developments with bankruptcy legislation currently in conference committee than economic conditions when trying to predict upswings in mortgage loan delinquency rates. The pattern of low charge-offs will be tied more to bankruptcy legislation than to economic cycles, says...