Conventional automobile loans are the mainstay of credit union lending. Despite the recent mortgage-lending boom, auto loans represent the largest category of consumer debt and hold the largest slice of the total credit union loan portfolio with over $140 billion outstanding, according to Callahan & Associates. Credit unions cannot afford...
CARLSBAD, Calif. - Credit union owned-broker dealer XCU Capital Corp. recently aligned with StatementOne, a technology solution provider to the retail wealth management market, for technology solutions in managing the company's investment services. XCU Capital will use StatementOne's platforms to increase company awareness through a variety of promotional themes. StatementOne...
WARNER ROBINS, Ga. - In an a fast changing of the guard, John S. Ruffin has been named the new president/CEO of $800 million Robins Federal Credit Union replacing Ed "Buck" Levins who served at the helm for 16 years. Ruffin, a former RFCU executive vice president since 1997, previously...
DENVER - The Colorado Credit Union League, which has been without a CEO since last September, is looking to fill the job "by the end of the month or the first few weeks of February," according to League Chairman Carl Hedrick. In picking a new president, the League is following...
ORANGE COUNTY, Calif. - Joe Schroeder is in "good spirits" nearly a month after he resigned as president/CEO of Financial Partners Credit Union. "I'm looking at other opportunities right now. My preference is to stay with credit unions," Schroeder said. Schroeder would not discuss specific details about his resignation but...
DETROIT - The auto industry will return to peak profitability in a couple of years, but the findings of a survey conducted among auto executives by KPMG LLP, indicate they're confident the worst of the industry's slump is over. Of the 100 auto executives who participated in KPMG's fifth annual...
RANCHO CUCAMONGA, Calif. - U.S. Central Credit Union, WesCorp, and CUNA Mutual have signed on as corporate sponsors for the first of its kind America's Credit Union booth exhibit at the 2004 National Automobile Dealers Association Convention that will be held Jan. 31-Feb. 3, 2004 at the Las Vegas Convention...
WASHINGTON-CUNA's economics department churned out some positive numbers for November's loans and savings, indicating that the economy is steadier on its feet. "Loans have been strengthening and savings have been softening," CUNA Chief Economist Bill Hampel said. "The net result of this is that for the year-to-date through November, we've...
WASHINGTON-CUNA and NAFCU have both sent letters to Treasury Assistant Secretary for Financial Institutions Wayne Abernathy thanking him for his comments on a risk-based capital system for credit unions during a Consumer Federation of America conference last month. "While risk-based capital may not be the answer for every credit union's...