THORNDALE, Pa.- For members trying to figure out what to do with their tax refund checks, Citadel Federal Credit Union offers a solution-a high yield certificate of deposit. CFCU has created a 6% annual percent yield CD with a maximum deposit of $600 for 600 days. Consumers must bring in...
MADISON, Wis.-The National Credit Union Foundation (NCUF) has approved four new grants for 2001, totaling over $45,000. Northcountry Cooperative Development Fund was awarded an $18,000 grant in support of their efforts to organize a unique community development credit union. The credit union is dedicated to providing financial services to diverse...
SIOUX FALLS, S.D. - Size isn't everything. The nation's second smallest corporate credit union is proving that. Starting in early 2002, the $100 million CorpStar FCU will become the first corporate CU in the nation to begin offering core data processing services to natural-person CUs, bringing the ever-evolving corporate CU...
It may come as a surprise to those of us who believe strongly in the not-for-profit, best-deal-around services that credit unions provide, that members will call their credit union for mortgage interest rates, then call 11 other financials and go with the one that promises them the best rate. Whatever...
WASHINGTON - The U.S. Senate Appropriations Committee, in a first time ever move and in recognition of the critical role credit unions serve in helping to develop economies worldwide, has designated funds specifically for programs the World Council of Credit Unions (WOCCU) conducts in Mexico and South Africa. The committee...
PLANO, Texas - EDS has a new leader of its Credit Union Industry Group. Dana Rowlett was formerly president of EDS' CUIG. Rowlett will be leaving that position to become Enterprise Client Executive for EDS, dealing specifically with EDS' American Airlines Account. EDS recently formed an outsourcing agreement with Sabre,...
OLYMPIA, Wash. - Match up kids, credit unions and technology, and throw in a popular national program, and a future generation can whiz into the world of high finances. Kevin Foster-Keddie, president of Washington State Employees CU (WSECU) in Olympia, challenged his staff to "do something a little different" for...
SOUTH PASADENA, Calif.- When Postal Employees Credit Union of Los Angeles went looking for a new name, it found one that really delivers- Priority One Credit Union. "Name changes don't have to be cumbersome and full of controversy," said Priority One Marketing Director Maggie Rios. "Planning and involvement of the...
ALEXANDRIA, Va.-The somewhat lengthy and substantial July NCUA Board meeting covered quite a few big issues for credit unions including the budget and a money saving, flexible examination schedule, but undoubtedly the most noteworthy topic was the new incidental powers regulation. Not only did the final rule have credit unions...
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...