SACRAMENTO, Calif. - The state Department of Financial Institutions approved the federal-to-state conversions for two more credit unions. The latest approved conversions were for American First FCU, La Habra ($426 million) and Marine Corps West FCU, Camp Pendleton ($257 million). The DFI also approved the mergers of: Carnation Southern California...
HUNTSVILLE, Ala. - Redstone Federal Credit Union has received the NAFCU 2001 Marketing Award for the Best Product/Service promotion. RFCU's marketing department entered its WorldWide Branch Online promotion, which featured a targeted direct mail piece supported by coordinating point-of-purchase materials. The $1.1 billion credit union's WWBO service allows members to...
WEST PALM BEACH, Fla. - With Fed rate cuts coming fast and furious this year, credit union pricing decisions on deposit products can have a major effect on credit unions' bottomlines. Historically credit unions have reacted much slower to Fed rate cuts than banks. With 10 Fed cuts for 450...
I have been closely associated with the credit/debit card business for many years. I currently serve as a member of the board of directors of PEMCO Technology Services, Inc., and these views are my own. The firm's sole focus has been the credit union industry, so my views are obviously...
ATLANTA - Credit union data processor Liberty FiTECH Systems has partnered with mortgage software firm Provantedge Technologies to offer an integrated mortgage origination solution. According to Provantedge, the solution can be delivered in ASP or in-house mode. It handles a mortgage loan from origination to delivery. The solution can also...
Pioneer Federal Credit Union, Mountain Home, Idaho, has recently joined 180 teams for the 14th Annual Mud Volleyball Tournament benefiting the Epilepsy Foundation of Idaho. PFCU was one of the corporate sponsors for the event. With over 2,000 participants and many more spectators, the event raised over $50,000. Proceeds raised...
WASHINGTON-America's credit unions were named the official title sponsors of the 2002 Cherry Blossom 10 Mile Run to take place April 7, 2002. During the official signing ceremony, a $25,000 "down payment" was donated by participating credit unions to the Children's National Medical Center through the Children's Miracle Network (CMN)....
POUGHKEEPSIE, N.Y. -With its latest campaign, Hudson Valley Federal Credit Union makes an appeal to those members who expect more. "Last quarter we launched a one-tough-customer campaign that emphasized demanding members whose needs would always be satisfied by our credit union, and it did very well," said HVFCU Marketing Manager...
NASHVILLE - The $186 million Tennessee Teachers CU recently dedicated a new 12,000 square-foot tech center. The facility will house the CU's IT department and contain a number of tech-related tools for members to utilize. (From left): Nashville Mayor Bill Purcell, TTCU Chairman John Younger, TTCU President/CEO Betty Hobbs, and...
WASHINGTON-The U.S. Court of Appeals for the District of Columbia ruled November 9 in favor of credit unions in the bankers' appeal of their lawsuit over NCUA's chartering and field of membership manual (American Bankers Association v. National Credit Union Administration, et al). "Except for one claim that we dismiss...