WASHINGTON - Not since 1962 have rates been so low. Credit union options for beating the margin squeeze are clearly on the liability side of the balance sheet say CU economists. The Fed's latest 50 basis point cut - its ninth of the year - dropped the federal funds rate...
WEST PALM BEACH, Fla. -As the competition heads into the fourth quarter it is re-evaluating its strategy and making adjustments that range from the innovative to tweaking the tried-but-true. From new business cards to reaching out to diverse communities, here is a look at what the competition has lined up:...
ANAHEIM, Calif. - Free. No cost. No charge. On us. Help yourself. However you want to term it, Partners FCU here is doing something pretty much unheard of in the credit union industry - not charging any of its members for its online bill payment service. Most credit unions don't...
MADISON, Wis. - In what appears to be an amicable parting of ways, CUNA and FundsXpress have ended their three-year Internet banking marketing arrangement. The partnership, formed in July of 1999, made FundsXpress CUNA's endorsed provider for Internet banking, which was sold through CUNA's then eCommerce division. A lot has...
Pinnacle Financial Strategies, a financial services consulting firm, has named Lawrence E. Doran, chief relationship officer/director of marketing; William C. Bracken chief financial officer; and David Mann, national sales director. Irwin Mortgage Corporation, a residential mortgage lender, has named Frieda Carone credit union lending division regional manager. State National Companies,...
We here in Britain were as stunned by September 11's terrorist tragedy as you were. From our organization, Sefton Credit Union Development Agency on Merseyside, we would like to express our heartfelt condolences for those who lost their lives. We feel for you all. Edi Breslin Manager Sefton Credit Union...
Melissa Member enters your credit union and asks Stella Teller for help, after bouncing seven checks at a fee of $20 each. (Her husband inadvertently deposited his paycheck in his own account, instead of their joint account.) What's the right response? a)"I'll transfer the funds to the right account, but...
WEST PALM BEACH, Fla. - The credit union disaster relief effort seems to be growing. Here is just a sampling of how credit unions across the country are helping out: Empire Corporate Federal Credit Union is doing its part to help credit unions in New York rebuild by creating a...
The National Youth Involvement Board, Madison, Wis., has appointed the following officers to its executive committee: LeAnn Achtenburg, secretary; Bobby Lacer, director; Sarah Hamby, vice chairman; John Uchida, chairman; Julia Pehrson, director; Diana Wheeler, treasurer; and Katie Allers, director. US Federal Credit Union, Burnsville, Minn., has named Lon Hand vice...
FORT WORTH, Texas - Since Aug. 31, 2001, the Texas Credit Union Department has approved 29 applications from OmniAmerican CU to add select employee groups to its field-of-membership. The $627-million CU is showing no let up in its FOM expansion plans. Last month, OmniAmerican filed four applications with the Department...