Search Results

COLORADO SPRINGS, Colo. - It's an ongoing effort to educate members about the need for trust services, but some estate attorneys and CPAs may also need to be informed about the new players on the block. "They're accustomed to working with trust banks and that's where they send their clients...

MOUNDS VIEW, Minn. - Liberty has launched a new product to help credit unions evaluate cross-sell opportunities during the new member account opening process. LibertyDirect for Credit Bureaus provides CU member service reps with a credit screen that instantly shows what products a new member qualifies for To participate, CUs...

MEDIA, Pa. - Guy Messick believes consultants should listen to their own advice concerning CUs reinventing themselves to remain competitive. That's why he formed CUSO Advisors Network to change the way legal advisory services are provided to credit unions and CUSOs. In the two years since it was formed, there's...

WASHINGTON-The Federal Reserve Board recently issued a final rule on Regulation B, implementing the Equal Credit Opportunity Act, requiring credit unions and other lenders to obtain evidence of a co-signers' intent to sign on a loan at the time of application. Because this could impose a burden on credit unions...

CUSOs have emerged as an important organizational option for the credit union system over the past decade. The two primary kinds of CUSO's-wholly-owned by one credit union and multi-owned by credit unions and/or private firms-have continued to play major roles in credit union success. Or have they? Unlike other sectors...

VIENNA, Va. and TAMPA, Fla. - Members of Navy Federal Credit Union will now have access to trust services through a partnership with MEMBERS Trust Co., the industry's only nationally-chartered trust firm owned by credit unions. The agreement allows for estate management and trust services to be provided through Navy...

WASHINGTON-NCUA and the other federal financial institution regulators last week issued joint guidance regarding calculation for allowance for loan and lease losses. The Accounting Standards Executive Committee (AcSEC) of the American Institute of Certified Public Accountants decided its Statement of Position concerning additional loss recognition and measurement guidance for the...

WASHINGTON-Members of the House are continuing to add their names to the list of co-sponsors for the Credit Union Regulatory Improvements Act (H.R.3579). The growing list of CURIA co-sponsors demonstrates credit unions' political muscle, most recently adding Representatives Kevin Brady (R-Texas), Tim Holden (D-Pa.), Ken Lucas (D-Ky.), Robert Matsui (D-Calif.),...