* An investment product for corporate CUs; * Created last October; * 11 corporates have invested $190 million; * Eight of the corporates over $1 billion, one as small as $300 million; * Managed by MEMBERS Capital Advisors, subsidiary of CUNA Mutual; * Most offerings double AA rated backed by...
DALLAS - Southwest Corporate FCU has seen a significant increase in the number of member CUs using its electronic cash management solution,TranZact. "I think it's growing fast because natural person credit unions find their members embracing technology more," said Southwest Corporate's Jody Beck, senior vice president of operations. The number...
I was pleased to read Elaine Kingoff's article on the Renaissance Commission that appeared in the October 3 edition of Credit Union Times. Generally speaking, it was very well-written and accurately reflected comments in our letters to Barry Jolette and Dan Mica. The one exception to this occurred in the...
Has your CU seen any noticeable changes in member behavior since the attacks of Sept. 11. If so where have they occurred? * Increase in deposits * Increase in withdrawals * Increase in loans * Decrease in deposits * Decrease in withdrawals * Decrease in loans * No noticeable changes...
FLINT, Mich - Employees at Dort Federal Credit Union experienced a small scare when someone discovered suspicious-looking white, powdery smudges on two office chairs last week. Luckily, the smudges turned out to be icing from a cake that an employee had brought in on the previous Friday but fire and...
BURNSVILLE, Minn. - There is a first time for everything and for US Federal Credit Union members the Harvest Festival is it. The month-long member appreciation celebration is the first in the $400 million credit union's 76-year history. "Our members make us who we are," said USFCU President/CEO, Bill Raker....
PORTLAND, Ore. - The Northwest Corporate/Washington Corporate merger was mired in controversy because it pitted two corporates against each other. Those days are over, and the merged corporate is doing just fine thank you, says Northwest Corporate CU CEO Kathy Garner. The controversy surrounding the merger didn't involve Northwest and...
SYDNEY, Australia - Australian banks probably didn't mean to help credit unions down under, but as they continue to withdraw their services from regional and rural areas, credit unions are moving in and benefiting. This was substantiated by the Credit Union Services Corporation of Australia, Ltd. (CUSCAL) when it released...
BRAINERD, Minn. - At press time, the Third Annual Community CU Conference was set to take place from Oct. 21-24 in Charleston, South Carolina. The conference is presented by the National Association of Community CUs. The number of CUs converting to community charters is on pace to reach 100 this...
WEST PALM BEACH, Fla. - As the one-month anniversary of the September 11 tragedy passes, credit union disaster relief efforts don't seem to be showing any signs of slowing down. In fact, New York Credit Union Foundation contributions to the Disaster Relief Fund have exceeded $526,000. Here is another glimpse...