Credit Union Journal articles from December 2008

Credit Union Journal archives from December 2008

Journal, St. Mary's, Recreate 1st CU In U.S. On B-Day.
December 1, 2008... MANCHESTER, N.H.-In a scene not seen in a century, credit union pioneers Alphonse Desjardins, Monsignor Pierre Hevey and Joseph Boivon all came together here to mark the 100th Anniversary of credit unions in the United States. Sponsored by...

Study Shows How Mortgage Modifications Are Working.(News)(Brief article)
December 1, 2008... NEW YORK-As the mortgage industry begins modifying troubled loans in greater numbers, early rounds of modifications are coming in for performance reviews. A handful of analysts and academics who have studied which types of loan modifications...

Delinquency Ratios Rise At CUs Across County.(News)
December 1, 2008... PROVO, Utah-Delinquency ratios at credit unions in all regions in the country are up over one year ago, with the Southeast, the mountain states and the West Coast seeing the sharpest increases. Analysis released by CUData.com shows that for the...

NOW IN THE MARKET.(News)(Lafayette Federal Credit Union partnering with CU Business Group L.L.C.)(Credit Union Executives Society partnering with John M. Floyd & Associates Inc.)(CO-OP Financial Services expanding ATM network )
December 1, 2008... Lafayette FCU, CUBC Partner KENSINGTON, Md.-Lafayette FCU here said it has partnered with CU Business Capital, LLC (CUBC), Miramar, Fla. to provide a full range of cash management business services to members. LFCU will now offer business...

Feds, Stockholders Not Alone: Banks Potentially On The Hook In Citigroup Bailout.(News)
December 1, 2008... WASHINGTON-It isn't just stockholders and the federal government that are on the hook in the plan to shore up Citigroup: other banks are, as well. Under terms of the deal the Federal Deposit Insurance Corp. used its systemic risk authority...

CU Launches Auto Buying Program.(News)
December 1, 2008... SACRAMENTO, Calif.-The Golden 1 Credit Union is launching a discount auto buying program designed to help members reduce the cost and time needed for their next car purchase. The credit union partnered with a number of dealerships where...

A Priest, A Lawyer And A Canadian Walk Into A Room...(Views & Opinion)
December 1, 2008... Byline: Frank J. Diekmann Last week, three men whose names you may recognize and who had not been in the same room in nearly a century, were all back in the same room again. All in all, you'd have to say they looked remarkably good, given...

CALENDAR.(Views & Opinion)(Conference news)(Calendar)
December 1, 2008... DECEMBER Dec. 1-5 CUNA Business Lending Institutes: Fundamentals and Credit Analysis; TradeWinds Island Grand Resort, St. Pete Beach, Fla. For info: 800-356-9655, ext. 4249, www.training.cuna.org. Dec. 7-10 CUES Directors...

How To Ensure The Green Trend Turns Into Black Numbers.(Views & Opinion)
December 1, 2008... Byline: George Hofheimer Unless you've been living in some sort of quasi- dream state for the past few years, you've inevitably heard of people, companies, cities, and even countries "going green." Today, politicians are trumpeting...

Loved Those Turkeys.(Letter to the editor)
December 1, 2008... Byline: Deb McLean I don't even like turkey but I LOVED this article-the quotes from the one CEO in particular were hysterical...I had no idea that Yogi Berra had worked in the credit union industry! Deb McLean, VP-marketing and...

RESEARCH: It's Not Enough To Know Your NPS Score: Act On It.(Viewpoint essay)(Brief article)
December 1, 2008... Byline: Neil Goldman Net Promoter Score (NPS,) as typically implemented through the "likely to recommend" zero to 10 question, remains a buzz in credit union marketing, primarily because it is simple to implement and easy to understand. It...

Latest Rescue Plan Could Help CUs Lower Their Mortgage Rates.
December 1, 2008... Byline: Lisa Freeman, Managing Editor WASHINGTON-The two-part addition to the financial rescue plan unveiled last week could both help and hurt credit unions, albeit only indirectly, according to credit union economists. The Federal...

After Resisting Offering Shared Branching Services, Why 1 CU Is Finally Blasting Off.(News)
December 1, 2008... Byline: Joyce Moed, Reporter UPPER MARLBORO, Md.-NASA Federal Credit Union provides its 71,000 members shared branch locations, but it had resisted serving as a shared branch location for other credit unions' members, until now. This...

CUJ Quick Reads because your time counts.(News)
December 1, 2008... ICUL Sets CUPAC Fund Record DES MOINES, Iowa-The Iowa Credit Union League said its political action committee, the Credit Union Political Action Committee (CUPAC), has for the second year in a row broken its own fundraising record by...

PEOPLE.(News)
December 1, 2008... DEI Incorporated, Cincinnati, Ohio, named Susan L. Philipsen senior interior designer. Virginia Credit Union, Richmond, named Jeff Coward vice president of mortgage lending. Catholic FCU, Saginaw, Mich., promoted Yvonne Metiva to...

ASI Reduces Cost Of Insurance.(News From cujournal.com)
December 1, 2008... DUBLIN, Ohio-American Mutual Share Insurance Corp. (ASI) has changed its current pricing formula for primary share insurance, a move that should mean significant savings to most of the company's primary insured member credit unions starting in...

Freddie Mac To Lower Some Fees.(News From cujournal.com)
December 1, 2008... McLEAN, Va.-Freddie Mac said next year it plans to eliminate or lower the up-front fees it charges lenders on the largest loans it guarantees. In a bulletin to lenders last Monday, the McLean, Va., government-sponsored enterprise said it...

Corporate Central Paying $600K.(News From cujournal.com)
December 1, 2008... MUSKEGO, Wis.-Corporate Central Credit Union is paying a $600,000 Patronage Refund for 2008 to its member credit unions. CCCU said it's the largest payout the corporate has made. "Because of our members' commitment we have had a very...

Journal, St. Mary's Recreate 1st CU In U.S. On 100 B-Day.(News)
December 1, 2008... MANCHESTER, N.H.-In a scene not seen in a century, credit union pioneers Alphonse Desjardins, Monsignor Pierre Hevey and Joseph Boivon all came together here to mark the 100th Anniversary of credit unions in the United States. In this case...

Bank Fees At All-Time High According To Bankrate.com.(News)
December 1, 2008... NORTH PALM BEACH, Fla.-Banks may be getting help from the federal government, but customers aren't getting any breaks from banks when it comes to fees. New data released by Bankrate.com found that bank fees are at an all-time high. The survey,...

Filene Delves Into Effects Of Debt-Related Stress.(News)
December 1, 2008... MADISON, Wis.-The effects of debt-related stress on consumers is examined in a new report. The report, part of an ongoing effort to analyze issues affecting the future of consumer finance by the Filene Research Institute, focuses...

Young Adults Set Goals But Struggle With Budgeting.(News)
December 1, 2008... NEW YORK-Nine in 10 young adults say they have financial goals, but just over half say they are able to stick to a monthly budget, according to a new survey. The survey, of adults age 19-39, also found 62% said they have thought about...

How Small CUs Are Coping With Big Problems As Financial Crisis Continues.(Small CUs, Smart Answers)
December 1, 2008... Byline: Joyce Moed, Reporter LARGO, Fla.-Small CUs face the same problems as large credit unions, it's just that in some cases, the problems get bigger the smaller the CU. "It's not a lot different," said Linda Reynolds, CEO of...

Delta Community Expands Field Of Membership.(News)
December 1, 2008... ATLANTA-Delta Community CU said state regulators approved its request to add Hall County and its 200,000 residents to its field of membership. The $2.8-billion credit union, which originally served employees of Delta Airlines, converted to...

CU Invites Entire Local Community To Use Its Website.(News)
December 1, 2008... Byline: Ray Birch, Correspondent FRANKLIN, Va.-To improve its already strong position with small businesses here, Bronco FCU has launched a website that it's inviting the entire local community to use. The town is encouraged to post...

Firefighter CUs Form Coalition.(News)
December 1, 2008... COCONUT GROVE, Fla.-Credit unions that serve firefighters have formed a new group called The Coalition of Firefighter Credit Unions. Formed during a meeting of firefighter CUs, the coalition is comprised of representatives from 26 of the...

Fairwinds Takes Two-Pronged Approach To Growing Member Relationships, Loyalty.(News)
December 1, 2008... Byline: Matt Blumenfeld, Reporter ORLANDO, Fla.-Credit union membership has its rewards, and members of one central Florida CU are getting that message thanks to a new membership rewards program. Fairwinds Credit Union recently debuted a...

'Safe, Sound, Local' Ads Launched.(News)(Credit Unions launching a media campaign targeting consumers and stressing credit union safety and soundness)(Brief article)
December 1, 2008... DENVER, Colo.-Credit Unions in Colorado and Wyoming have launched a media campaign targeting consumers and stressing credit union safety and soundness. The new "Safe, Sound, Local" is being overseen by the CU Associations of Colorado and...

Three New Balloon Products Prove Popular; Workouts Are Added.(News)
December 1, 2008... Byline: Frank J. Diekmann, Editor ORLANDO, Fla.-For Dale Frankhouse, the harsh reality of the mortgage market is all around him. As director of lending with Sun FCU in Maumee, Ohio, he confronts the reality every day of a home market with...

Steps Taken By A CU Not 'Kidding Itself' That Things Are Getting Better.(News)
December 1, 2008... Byline: Frank J. Diekmann, Editor ORLANDO, Fla.-A year ago Travis FCU was charging off approximately $1 million a month. Today charge-offs have hit $3.5 million a month. Moreover, it reported no ROA in 2007, will report no ROA in 2008,...

Values Down 20%, Portfolio Up 3%; Why 1CU Says It's Still 'Optimistic'.(News)
December 1, 2008... Byline: Frank J. Diekmann, Editor ORLANDO, Fla.-Its home market often shows up in news reports as Ground Zero for the meltdown in mortgage lending, yet one credit union lender here is sounding a tone as sunny as the weather. "I am...

CUs Holding Onto Card Portfolios, Assets Growing.(Special Report: Credit & Debit)
December 1, 2008... PORTLAND, Ore.-More credit unions chose to hold onto their credit card portfolios rather than sell them off in the third quarter of this year compared to the same time last year, according to an analysis of card portfolio trends by...

Experts Say Debit Card Volume May Turn Out To Be More Recession Proof.(Special Report: Credit & Debit)
December 1, 2008... ST. PETERSBURG, Fla.-One card usage not expected to decline is that of debit cards, said Tom Gandre, chief debit officer for PSCU Financial Services in St. Petersburg, Fla. "Overall, debit card usage has been fairly strong continues to...

Q3 Results: CU ROA Hits Lowest Point In Decades.
December 1, 2008... ALEXANDRIA, Va.-Increasing loan losses forced credit unions to move billions of dollars of new funds to reserves in the third quarter and pushed the key profitability ratio, return-on-assets, down to just 0.12% for the quarter, the lowest in...

O Magazine Features Gift Cards.(Special Report: Credit & Debit)
December 1, 2008... FRISCO, Texas-Customized gift cards offered through GiftCardLab, a joint partnership with Serverside Group and PAYjr, have been selected by Oprah as one of her favorite things in the December edition of O Magazine. For info:...

Fiserv Intro's UChoose Rewards.(Special Report: Credit & Debit)
December 1, 2008... BROOKFIELD, Wis.-Fiserv Inc. has introduced a "UChoose Rewards" solution it describes as a "rewards and loyalty product that provides merchant-funded and issuer-funded rewards capabilities" for financial institutions. "UChoose Rewards will...

Filene Debit Report Released.(Special Report: Credit & Debit)
December 1, 2008... MADISON, Wis.-A new Filene Research Institute report delves into understand the psychology behind credit and debit card usage. In "Debit vs. Credit: How People Choose to Pay," authors Victor Stango, University of California, Davis; and...

cujournal.com SURVEY.(Special Report: Credit & Debit)
December 1, 2008... For this holiday season, we are: Not doing anything different with card limits 42% Reviewing our personal card lines, but not making changes 16% Reviewing our personal card lines and reducing limits 30% Reviewing our personal...

Corrections And Clarifications.(News)(Correction notice)
December 1, 2008... In the Oct. 20 edition, Jason Bane was incorrectly listed as having joined the Virginia CU League as VP for infrastructure operations. He was hired by Virginia CU.

What To Do When Card Volume Isn't As 'Joyful' As Usual.(Special Report: Credit & Debit - (un) Happy Holidays?)
December 1, 2008... Byline: Joyce Moed, Reporter DALLAS-It's the most wonderful time of the year, but credit card usage is expected to be somewhat less "wonderful" than usual, so CU Journal asked cards experts what credit unions can expect this holiday...

ON DEADLINE.
December 1, 2008... Bank, Thrift Earnings Tumble 94% From Year Ago WASHINGTON-Bank and thrift earnings slid a whopping 94% in the third quarter from one year earlier, to $1.7 billion, according to data released by the Federal Deposit Insurance Corp. (FDIC)....

Survey: Consumers Plan Big Cut In 08 Holiday Spending.(News)
December 1, 2008... WASHINGTON-Retailers can expect a red Christmas if consumers make good on their plans to sharply reduce their holiday spending as reported in the ninth annual holiday spending survey conducted by the Consumer Federation of American and CUNA....

Southern California Fires Out, Mudslides May Be Next.(News)
December 1, 2008... Byline: Michael Bartlett, Reporter SYLMAR, Calif.-The fire that nearly burned down a small credit union in this bedroom community north of Los Angeles has been extinguished, but now the denuded foothills may unleash mudslides if a...

WORTH NOTING.(News)
December 1, 2008... Credit Union Veteran To Retire At Year End PASADENA, Calif.-After more than 36 years in the credit union industry, Charlene Bowman, CEO of Pasadena Service Federal Credit Union (PSFCU), will be retiring Dec. 31. She began her career in...

Mortgage Apps, Refi's Soar As Rates Plunge.(For Credit Unions, All Is Not Quiet On Home-Front)
December 8, 2008... Byline: Ed Roberts, Washington Bureau Chief WASHINGTON-Mortgage applications soared last week, by the largest amount on record, as the government's latest rescue bid pushed rates significantly lower, providing a new stimulus to credit...

New REALTORS FCU Hires Continental FCU's Tom Glatt As President.(News)
December 8, 2008... WASHINGTON-The National Association of REALTORS has named well-known industry consultant and executive Thomas Glatt as the first president and CEO of its new credit union, REALTORS FCU, which will be the nation's first Internet-only credit...

WORTH NOTING.(News)
December 8, 2008... Rosenthal Honored With OFN's Highest Award NEW YORK-Cliff Rosenthal, president of the National Federation of Community Development Credit Unions, has been named the newest recipient of the Ned Gramlich Lifetime Achievement Award for...

The Surprising Driver Of One Calif. CU's Success: Mortgage Lending.(News)
December 8, 2008... Byline: Michael Bartlett, Reporter SUNNYVALE, Calif.-The news from the housing market appears to be nearly all bad, but one credit union is hanging its successful hat on real estate loans. Star One CU, which serves Santa Clara County...

NOW IN THE MARKET.(News)
December 8, 2008... Time To THINK About Registering RANCHO CUCAMONGA, Calif.-Registration is open for CO-OP Financial Services' THINK 09 conference, April 5-8 at the Hyatt Regency Resort and Spa, in Lost Pines, Texas, about 20 miles outside of Austin. THINK...

Some Advice To CUs From Xerox That's Worth Copying.(Views & Opinion)
December 8, 2008... Byline: Frank J. Diekmann For the management at a fair number of credit unions the current economic environment is one many never thought they'd see. Sure, they may have done some worst-case scenario planning as part of their annual...

CALENDAR.(Views & Opinion)(Calendar)
December 8, 2008... DECEMBER Dec. 7-10 CUES Directors Conference, JW Marriott Desert Springs Resort & Spa, Palm Desert, Calif. For info: 800-252-2644, ext. 5331 or www.cues.org. Dec. 7-11 CUNA Certified Financial Counselor School: Part I, Tempe...

Open Letter To CU Leaders: Are You Ready To Commit?(Viewpoint essay)
December 8, 2008... Byline: Bryan Link First, I hope this letter finds you well. I know it does. Despite the turmoil in financial services, the CU movement is alive and well, with over 85-million members, an expanding product and service base, and a strong...

How CUs Can Make Financial Crisis The Movement's Finest Hour.(Views & Opinion)
December 8, 2008... Byline: Kelley Parks In a time when the financial world is changing-bank failures on top of a mortgage industry crisis, government interventions, and the credit crunch-I begin to wonder, could this be our finest hour? It seems like...

ON BRANDING: Lessons From CU's 5 Stages.(Views & Opinion)
December 8, 2008... Byline: Paul Lucas I entered the credit union industry back in 1995, three years before HR 1151 was passed. In 1995 the U.S. bailed out Mexico's collapsing economy with $20 billion in support-a bargain at today's bailout prices! Since...

Changes In Top Management At NCUA.(News)(National Credit Union Administration)
December 8, 2008... Byline: Ed Roberts, Washington Bureau Chief ALEXANDRIA, Va.-NCUA said last week that Len Skiles, the agency's longest-serving executive, will retire as executive director at year-end, after 38 years with the agency. Skiles, 67, who has...

CUs Happy For Volume, But Other Issues Rise.(For Credit Unions, All Is Not Quiet On Home-Front)
December 8, 2008... Byline: Ray Birch, Correspondent COLORADO SPRINGS, Colo.-While economists analyze the national data on the strong uptick in mortgage lending, credit unions such as Ent FCU here are seeing it locally. "Our refinance applications picked...

CU Lobby Debating TARP Plan For troubled credit unions.(Washington Watch)
December 8, 2008... Byline: Analysis by Ed Roberts WASHINGTON-The credit union lobby was working last week to gain consensus on a rescue plan for troubled credit unions. The key will be finding some way to avoid calling the plan a rescue or a bailout. And...

Unrealized Losses At U.S. Central FCU Now $7.3 Billion.(Washington Watch)
December 8, 2008... Byline: Analysis by Ed Roberts LENEXA, Kan.-U.S. Central FCU reported the spreading credit crisis tainted more of its asset backed securities in October, pushing unrealized losses on its vast investment portfolio up by another $1 billion,...

Northeast CCU Merger Into Savings Bank Approved.(Washington Watch)
December 8, 2008... Byline: Analysis by Ed Roberts HAVERHILL, Mass.-NCUA said last week it finally gave its approval to the unusual merger of Northeast Community CU into Haverhill Savings Bank, the first credit union combination with a bank in Massachusetts....

PEOPLE.(Washington Watch)
December 8, 2008... CU Business Group, Portland, Ore., named Carl Roer, Brian Sherrick, Gary L. Smart and Jeff Stone to its advisory board. OSU Federal Credit Union, Corvallis, Ore., named Nathan Wuerch West Salem branch manager. LBS Financial CU, Long...

Self-Help CU's Eakes Attacked.(News From cujournal.com)(Self-Help Credit Union)(Brief article)
December 8, 2008... DURHAM, N.C.-Marin Eakes, the co-founder of Self-Help CU and a prominent figure state as an opponent of predatory lending, was beaten and robbed by four men in a parking garage after leaving the credit union. Eakes suffered multiple bruises, a...

Survey: Opportunity For Smaller FIs.(News From cujournal.com)
December 8, 2008... NEW YORK-A new survey of consumers has found none-too-surprisingly that consumers are rating "financial stability" as their top priority when selecting a financial institution. The survey, conducted by New York brand strategy firm...

Morgan Stanley Eyes Retail Finance.(News From cujournal.com)
December 8, 2008... NEW YORK-CUs may be getting another new entrant in retail financial services. Two months after converting to a bank-holding company, Morgan Stanley said it is considering a variety of scenarios to increase deposits, including acquisitions of...

Auto Dealers Want ECU Out Faster.(News From cujournal.com)
December 8, 2008... RACINE, Wis.-The state's auto dealers lobby, which succeeded in forcing Educators CU to divest its auto sales business, filed suit last month challenging the 18 months state regulators gave the credit union to wind down its business. The...

Insurance May Just Have Gotten Easier To Sell.(Special Report: Insurance)
December 8, 2008... Byline: Matt Blumenfeld, Reporter MADISON, Wis.-While the rough economy may lead to higher insurance premiums for credit unions in the coming years, the hardships could also boost demand among members for insurance products. ...

Study: Revenue Potential From 'Green Insurance'.(Special Report: Insurance)
December 8, 2008... NEW YORK-The emerging "green" insurance market may offer some revenue opportunity for CUSOs and other credit union related entities, according to a new poll from Simon-Kucher & Partners. The study, which polled 1,500 U.S. insurance...

How One Wisc. CU Is Handling Foreclosures.(For Credit Unions, All Is Not Quiet On Home-Front)
December 8, 2008... Byline: Ray Birch, Correspondent JANESVILLE, Wis.-Just in time for the holidays, and before more members lose their homes, Blackhawk Community Credit Union here has placed a temporary halt on foreclosures, and put a manager in place to...

Collateral Protection Insurance Has Added Attraction In Recessionary Economy.(Special Report: Insurance)
December 8, 2008... Byline: Matt Blumenfeld, Reporter FORT WORTH, Texas-As the unemployment and foreclosure rates continue to climb, so does the number of people who forgo insuring their vehicles, making collateral protection insurance even more critical for...

How 1 CU Is Urging Its Members To Live Well But Within Their Means...(News)
December 8, 2008... Byline: Ray Birch, Correspondent "Live well. Below your means." That is the motto of the Department of Commerce FCU. But when CEO Evan Clark began delivering that message to members four years ago, he had no idea how timely that advice...

...And Another Is Advising Members To Save More, Spend Less.(News)
December 8, 2008... Byline: Matt Blumenfeld, Reporter OAK RIDGE, Tenn.-Creating a rosier financial outlook is easy according to one credit union; members need to just save more than they spend. In an economy where lines of credit are being quickly shut...

When Less Is More: Reducing Paper Leads To Increasing Mortgages.(News)
December 8, 2008... Byline: Michael Bartlett, Reporter LAS VEGAS-With so many others backing off of mortgages, credit unions are hoping to make serious inroads into marketshare, making the need for a more streamlined, technology-driven process all the more...

How 1 CU Is Using Technology To Fend Off Competition In Mortgage Market.(News)
December 8, 2008... Byline: Matt Blumenfeld, Reporter MONTPELIER, Vt.-Mortgage lending may not be as hot a commodity as it was during the housing boom a few years ago, but one credit union, like many other financial institutions, has turned to technology to...

CREDIT UNIONS IN THE MEDIA.(News)
December 8, 2008... The Christian Science Monitor featured Jenny Gueverra, an employee of Valley CU, San Jose, Calif., in a story on children in the workplace. The story noted that Guevarra, for instance, keeps her baby daughter in a playpen next to her cubicle,...

Strategy: A Limited CD 'Special'.(News: A CU Journal Series)
December 8, 2008... CFO: Peg Lamb Credit Union: Capital Community CU Market: Lansing, Mich. Assets: $200 million "Banks can't borrow from each other, so they're borrowing from their customers, and it's just killing us," Lamb said. "I've got my...

'Never Seen A Market Like This'.(News: A CU Journal Series)
December 8, 2008... SVP: Carolyn Jordan Credit Union: Neighborhood CU Market: Dallas Assets: $255 million Once upon a time, credit unions could boast that their not-for-profit structure and the related tax exemption allowed them to offer better...

'Some Rates You Just Can't Beat'.(News: A CU Journal Series)
December 8, 2008... CFO: Jose Garcia Credit Union: Advance Financial FCU Market: Schererville, Ind. Assets: $140 million What do you do when Harris, Chase and Citizen's banks are all on the same block as you, and each is bidding up deposit rates...

Some Members, Not All, Can Have CD Rates Bumped Up.(News: A CU Journal Series)
December 8, 2008... CFO: Tim Lukomski Credit Union: Heritage FCU Market: Newburgh, Ind. Assets: $317 million In this market there's a bit of relief as deposit rates have been declining. "It has settled a lot since the bailout money started...

Reduce Risk, Stay In Touch To Cut Costs.(Special Report: Insurance)
December 8, 2008... Byline: Matt Blumenfeld, Reporter SAN ANTONIO, Texas-Add insurance premiums to the list of things that are only going to get more expensive, which is why CU Journal asked several insurance experts to share strategies credit unions can use...

Rethinking What It Is That Members Really Want.(News: A CU Journal Series)
December 8, 2008... CFO: Dan Leclerc Credit Union: Lacamas Community CU Market: Camas, Wash. Assets: $162 million "We have been seeing rates going up on CDs, both at banks and credit unions," Leclerc said. "Washington Mutual had a great presence...

Mortgage Volume, Other Numbers Up At Credit Unions.(Mortgage Market News)
December 8, 2008... WASHINGTON-While other lenders are tightening their portfolios, credit unions originated 14.7 million new loans totaling more than $200.2 billion through the first nine months of 2008, according to analysis by Callahan & Associates. "Total...

Florida Governor Urges Moratorium On Foreclosures.(Mortgage Market News)
December 8, 2008... TALLAHASSEE, Fla.-Gov. Charlie Crist joined credit union and banking leaders in Florida in introducing a voluntary 45-day halt to home foreclosures. The governor made the announcement with representatives of the Florida CU League and the...

100 Apply To Dort FCU For Free Homes.(Mortgage Market News)
December 8, 2008... FLINT, Mich.-Officials at Dort FCU are winnowing down a pile of 100 applications they have received for two home foreclosures they are giving away in the credit union's Home for the Holidays Contest. The credit union is giving away a...

WORLD UPDATE: Credit Union Activities, Developments Around The World.(News)
December 8, 2008... World Economy Affecting Funds MADISON, Wis.-Hunger, poverty and other issues in developing countries has led the World Council of Credit Unions (WOCCU) to become more aggressive with its Directors' Action Fund, it is reporting. The Fund is...

Frankie Deadline!(Views & Opinion)
December 8, 2008... Have you found an effective way to tell your credit union's story, or the credit union story itself? The 4th Annual Frankie Awards are now calling for entries. The awards recognize credit unions that have found an innovative way to explain what...