ALEXANDRIA, Va. - NCUA's mid-year stats show CUs are being inundated with deposits, while lending has slowed considerably - and oh by the way, credit unions are nearing the $500 billion asset milestone. With deposits jumping by 9.7% in the first half of 2001, and loans inching along at just...
WEST PALM BEACH, Fla. - Convenience vs. security. That's the online grudge match CUs are fighting as they try to make their online services as convenient as possible for members, while maintaining a sufficient level of security. One area this battle is most evident is in authenticating members for online...
VIENNA, Va.-While CUNA is busy touting the efforts of its Renaissance Commission, the CEO of the largest credit union in the country-and CUNA member-is dead set against some of the recommendations in the report. CUNA's Board is supposed to put its seal of final approval on all, some, or none...
KANSAS CITY, Mo. - Robert Givens has been named to succeed Nancy Pierce as CEO of Mazuma Credit Union. After 25 years of service to the credit union industry, 13 of which were spent as president of the $213 million credit union, Pierce plans to retire in September to complete...
Jax Federal Credit Union, Jacksonville, Fla., has named Mark Cammuso vice president of information service. Keesler Federal Credit Union, Biloxi, Miss., has promoted John R. Goff to senior vice president and Richard Tolar to senior vice president/chief financial officer.
STAMFORD, Ct. - Stamford Municipal Employees FCU was approved by the state Department of Banking to convert to a state charter. The credit union will be known as Stamford Credit Union. It is the first federal-to-state charter conversion to be approved by the Department of Banking since the former Sikorsky...
Heritage Community Credit Union, Sacramento, Calif., has raised $1,608 for Families United, a non-profit foster family agency that recruits and trains foster parents to care for children whose families can no longer do so. Families United also provides counseling services for the children and their foster families. To raise the...
*11,000 check-cashing outlets nationally process more than 180 million checks worth roughly $60 billion each year; *Payday lending grew nationally from 300 stores in 1994 to more than 8,000 in 1999; *12,000 to 14,000 pawnshops operate nationwide outnumbering credit unions and banks; *Between 1993 and 1998, subprime loans grew from...
Until now, credit unions have taken baby steps in socially responsible investing. Still industry watchers say that despite the beating mutual funds have taken over the past year, SRI is on the upswing, and credit unions may be the next group it attracts. What are SRIs and what is their...
NEWPORT BEACH, Calif. - NACUSO President Bob Dorsa prefers to look at the glass half full when it comes to federal credit unions' expanded incidental powers. When he reflects on the NCUA Board's unanimous decision at its July 26 meeting to allow federal credit unions to apply for and add...