Credit Union Journal articles from June 2009

Credit Union Journal archives from June 2009

e-volution; View On E-Services, Where CUs Stand And What Just Might Lie Ahead.(Technology)
June 1, 2009... WEST PALM BEACH, Fla.-Few developments have affected credit unions more over the past 15 years than the letter "E." The e-volution in product and service delivery via online applications has gone from innovation to mature market faster than...

Nev. CUs Get 1st Chance To Meet New WesCorp Mngmt.(Corporate Credit Unions)
June 1, 2009... Byline: Michael Bartlett LAS VEGAS-Credit unions here got their first chance to meet with the acting CEO of WesCorp, which was placed into conservatorship by NCUA earlier this year, and to get an update on what the corporate is doing to...

WORTH NOTING.(General News)
June 1, 2009... FDIC Charges 5BP Premium; More To Come WASHINGTON-After approving a five-basis point premium-based on assets for insured banks, the FDIC adopted a rule to give itself flexibility to charge another special assessment in the third and fourth...

United FCU Is Paying Its Gen Y Members To Take Up The Anti-Bank Rant.(General News)
June 1, 2009... Byline: Matt Blumenfeld, Reporter ST. JOSEPH, Mich.-Generation Y is getting its opportunity to let its voice on the financial system be heard across the globe thanks to a new "guerrilla" marketing campaign put together by one credit union...

Former Execs File Separate Suits Against CU Over Dismissals.(General News)
June 1, 2009... Byline: Matt Blumenfeld RIDLEY PARK, Penn.-A pair of former Boeing Helicopters Credit Union executives, including the recently dismissed CEO, are suing the credit union alleging breach of contract. Former COO Walter Blewitt and former...

NOW IN THE MARKET.(General News)
June 1, 2009... GCS FCU Signs With CRI Solutions Elkridge, Md.-CRI Solutions announced that GCS FCU in Illinois has signed a deal to utilize the CRIterion loan origination system, returning to CRI after working with another provider for a short period of...

Another Gold (Or Platinum) Opportunity May Be In The Cards.(Opinions)
June 1, 2009... Byline: Frank J. Diekmann Perhaps it's time to get a whole lot more enthusiastic about plastic. The recently passed Credit Card Accountability, Responsibility and Disclosure Act (Credit CARD Act) focuses on tightening up card...

CALENDAR.(Views & Opinion)(Calendar)
June 1, 2009... JUNE June 3-5 CU Association of New Mexico Annual Meeting, Embassy Suites Hotel, Albuquerque, N.M. Hotel: www.EmbassySuites.com. For info: www.cuanm.org or 800-366-6628. June 3-6 Arizona CU League Annual Meeting, McDowell...

Stop Waiting For The Other Shoe To Drop & Start Leading.(Opinions)
June 1, 2009... Byline: Neil Goldman Margins are slim. Delinquencies are up. Profitability is down. And we're all wondering when the next shoe will drop. OK. That's reality. The challenge now is what we do with it. That's the stuff of leadership. It's...

Using Online Technology To Increase Member Loyalty.(Opinions)
June 1, 2009... Byline: Dinesh Sheth The competitive advantage for credit unions has always centered on the strong personal relationship, loyalty and high member satisfaction rates. Increasingly, in order to maintain high levels of member satisfaction,...

Mountain America CU Says Its Small Business Loans Program Is Helping Create Jobs.(Lending)
June 1, 2009... Byline: Michael Bartlett, Reporter SALT LAKE CITY-With the economy shedding jobs at an alarming pace, Mountain America CU proudly noted its business services department helped create more than 700 jobs in Utah last year. The job...

CU Movement Records Worst Quarterly Financials In History.(Financial Performance)
June 1, 2009... Byline: Ed Roberts, Washington Bureau Chief ALEXANDRIA, Va.-Corporate bailout charges combined with the spreading recession that forced credit unions to move billions more into loan loss reserves, created the worst quarter ever for credit...

NCUA Move Returns $500 Million To Corporates.(General News)
June 1, 2009... Byline: Analysis by Ed Roberts ALEXANDRIA, Va.-NCUA agreed to allow corporate credit unions to write-down 23% of their membership capital shares in U.S. Central FCU-instead of 63% estimated earlier-effectively giving corporates $500...

Losses Erase Retained Earnings at 2 Corporates.(General News)
June 1, 2009... Byline: Analysis by Ed Roberts WARRENVILLE, Ill.-Members United Corporate FCU said that losses of $511 million it reported the previous month erased $424.7 million of retained earnings and created negative retained earnings of $124.3...

President Obama Signs Credit Card Reform Bill Into Law.(General News)
June 1, 2009... Byline: Analysis by Ed Roberts WASHINGTON-President Obama signed into law the Credit Card Bill of Rights just before the Memorial Day recess. The bill, which began as a threat to credit unions, was eventually watered down enough that...

AGENDA.(General News)
June 1, 2009... Meetings NCUA Board meeting, Alexandria, Va., June 18 Comment Federal Reserve System: Comments on a proposed rule on Truth In Lending are due June 4. Events NCUA CU Roundtable, Portland, Maine, June 4 NCUA CU...

PEOPLE.(General News)
June 1, 2009... Connex Credit Union, Wallingford, Conn., promoted Ryan Jetmar to assistant branch manager. San Antonio FCU, Texas, announed that Leonard Thomas achieved Silver Pacesetter status. Consumers CU, Kalamazoo, Mich., named Kathi Vlachos...

CU Turns 70, Gets New Name.(General News)
June 1, 2009... PLYMOUTH, Minn.-Teacher FCU will began its second 70 years of service under the new name of TruStone Financial CU, on June 1. The $615-million credit union has branches in Apple Valley, Golden Valley, Roseville, St. Cloud, Renville, and in...

CU Launches Online Family Center.(General News)
June 1, 2009... PALO ALTO, Calif.-Addison Avenue FCU introduced what it calls a virtual Family Center to provide members and their children with educational information about managing money, student loan and scholarship offerings and recommendations regarding...

Express CU Pilots Quasi-Branch.(General News)
June 1, 2009... SEATTLE-Express CU is expanding into the underserved market with the help of 16 area non-profits groups that will provide their clients with on-site financial services through the CU. The program, which represents a whole new direction for...

Fin. Lit. Program Now In Germany.(General News)
June 1, 2009... PORTSMOUTH, N.H.-Service CU, one of the few credit unions with overseas operations, has introduced a youth financial education program to meet the financial literacy and readiness goals for students in Germany. The CU's CU 4 Reality...

Polish CU Ads Put Blame On Banks.(General News)
June 1, 2009... Byline: Frank J. Diekmann SOPOT, Poland-This country's credit unions have rolled out an ad campaign that has Poland's banks hopping mad (CU Journal, April 6). The ads, in a reference to the economic downturn, read, "Don't blame us! We're...

How 1 CU Has Shrunk Delinquency With Revamped Collections Dept.(Financial Performance)
June 1, 2009... Byline: Ray Birch, Correspondent HOUSTON-Smart Financial Credit Union reports it shrunk its delinquency ratio from three times above peer average to three times below by removing "rigid" collections policies and making them very flexible....

Foothill FCU Hosts Informational Town Hall Breakfast.(General News)
June 1, 2009... ARCADIA, Calif.-Foothill FCU recently hosted an informative town hall-style breakfast meeting to help keep members in the loop about how recent events in both the CU industry and the broader economy have impacted the institution, touching on...

CUs, Banks Ahead Of Retail Curve In Social Media.(General News)
June 1, 2009... ATLANTA -Credit unions and community banks are ahead of the curve in utilizing social media to connect with consumers a new report from the William Mills Agency stated as it sifted through over 1,000 "tweets" on Twitter posted by more than 60...

South Carolina FCU Selects Young & Free Spokesperson.(General News)
June 1, 2009... CHARLESTON, S.C.-The search is over for the voice of South Carolina's 18- to 25-year-old crowd. Josh Sutherland, 22, is the winner of South Carolina Federal Credit Union's ultimate job search and the first Young & Free South Carolina...

Youth Saving Challenge Doubles Last Year's Record.(General News)
June 1, 2009... MADISON, Wis.-The National Youth Saving Challenge more than doubled last year's record, with young CU members depositing $26,529,081 into their saving accounts and CDs. This year, 397 CUs reported receiving deposits from 139,669 young members,...

The Next e-Wave: Connecting To Cost Savings.(Technology)
June 1, 2009... Byline: Ray Birch, Correspondent CALABASAS, Calif.-Someday credit unions' e-services platforms will connect members with suppliers that can save them money. That's the next wave of financial management services, according to Digital...

The Best e-Offense: Finding Ways To Add Convenience.(Technology)
June 1, 2009... Byline: Ray Birch, Correspondent MINNEAPOLIS, Minn.-Having convenient electronic access channels won't be enough in the coming years to compete for members' business, suggests EPL, which contends that credit unions must take the offensive....

Making The e-Grade; Focus On Mobile Banking.(General News)
June 1, 2009... Byline: Ray Birch, Correspondent FRISCO, Texas-Giving credit unions an "A" for their delivery of e-services-so far, Fiserv insists that for CUs to keep that grade they'll have to be even more aggressive with technology plans in the future....

Ahead Of The e-Game; Personalization Is The Key.(Technology)
June 1, 2009... Byline: Ray Birch, Correspondent LAKE MARY, Fla.-Personalization, customization and integration of e-services will be necessary for credit unions to remain ahead of competitors in the technology race, according to Harland Financial...

Mapping Out The e-Strategy; Integrating 'e' Into Big-Picture Planning.(Technology)
June 1, 2009... Byline: Ray Birch, Correspondent GRAND RAPIDS, Mich.-While more powerful financial planning tools and new mobile banking applications loom on the e-services horizon, the most important change coming, asserts one technology provider, is that...

What's Next For Foreclosed Homes Currently Held By Federal Agency?(Financial Performance)
June 1, 2009... Byline: Ray Birch, Correspondent AUSTIN, Tex.-With rising crime and vandalism prompting one lender to bulldoze homes rather than incur increasing costs to carry the foreclosed properties, are some Florida houses owned by CUs and the NCUA...

Profits Plunge At Banks And Thrifts In 1Q 2009.(Financial Performance)(Financial report)
June 1, 2009... WASHINGTON-Commercial banks and thrifts insured by the FDIC reported net income of $7.6 billion in the first quarter of 2009, a decline of 61%, from the $19.3 billion that the industry earned in the first quarter of 2008. Higher loan-loss...

Law's Effect On Portfolio Sales Debated.(General News)
June 1, 2009... ST PETERSBURG, Fla.-Does the new credit card law put more pressure on CUs to consider selling their credit card portfolios? Not necessarily, according to those contacted by Credit Union Journal. "We've not heard anything about this," said...

Card Solicitations Decline, But More Offers For Fee-Based Cards.(General News)
June 1, 2009... NEW YORK-Not only are far fewer offers for credit cards being made, more often those solicitations are for cards carrying an annual fee, according to Mail Monitor, a direct mail tracking service from Synovate. During Q1 2009, U.S....

Why One Bank Opted To Bulldoze Homes.(Financial Performance)
June 1, 2009... VICTORVILLE, Calif.-If NCUA chooses to level the land rather than pay the tab to maintain all the homes it owns in Florida's depressed real estate market, it wouldn't be the first to tear down rather than maintain homes. In the case of...

Opportunities, Vulnerabilities; What Card Reform Law Means For CUs.(General News)
June 1, 2009... Byline: Michael Bartlett, Reporter CLEARWATER, Fla.-Having had time to digest some of the language in the just-enacted Credit Cardholders' Bill of Rights Act of 2009, analysts see opportunities, but also issues related to effectively...

ON DEADLINE.(General News)
June 1, 2009... CU Journal Issues Call For Best Practices Entries WEST PALM BEACH, Fla.-Credit Union Journal has issued its call for entries for the 2009 Best Practices Awards. Nominations may be submitted by credit unions themselves, a CUSO, or even...

CU Expands FOM To Cover All ITT Students.(Lending)
June 1, 2009... Byline: Matt Blumenfeld, Reporter INDIANAPOLIS-Eli Lilly FCU added a new group to its field of membership as part of an effort to launch the new student lending CUSO called Student CU Connect. The CUSO is designed to help ITT Technical...

Local Bank Tells Truliant: No You Can't Use Ad.(General News)
June 1, 2009... ASHEBORO, N.C.-A local bank has filed a trademark infringement suit against Truliant FCU and asked a federal court to bar the CU from using its "Yes you can" service mark on billboards and other advertisements. CommunityONE Bank, known...

Symposium On FCU Act Aims To Be 'Thought-Provoking'.(General News)
June 1, 2009... Byline: Lisa Freeman, Managing Editor WASHINGTON-NCUA's upcoming symposium celebrating the 75th anniversary of the Federal Credit Union Act will be more about getting past the here and now than looking back on past laurels. "The...

Corporates Continue To Post Ongoing Red Ink.(Corporate Credit Unions)
June 8, 2009... Byline: Ed Roberts, Washington Bureau Chief TALLAHASSEE, Fla.-Losses continued to be reported by corporate credit unions last week, with reverberations being felt by groups that included CUNA and the National Credit Union Foundation. ...

NOW IN THE MARKET.(General News)
June 8, 2009... Member Perception Study Offered THE WOODLANDS, Texas-D. Hilton Associates has released its 2009 National Member Perception Study, which offers a "wealth of national benchmarking analysis," the company said. The study examines the opinions...

Two Decades Of Talking About The Elephant In The Room.(Opinions)
June 8, 2009... Byline: Frank J. Diekmann Up until the mid-1980s it wasn't unusual for a credit union exec to be sitting across the desk from a legislator trying to argue the CU viewpoint, and the elected official would pull from a drawer some research...

CALENDAR.(Views & Opinion)
June 8, 2009... JUNE June 9-10 75th Anniversary of FCU Act Symposium, Hyatt Regency, Washington. For info: www.ncua.gov June 9-11 Michigan CU League Annual Meeting, Grand Traverse Resort, Travers City, Mich. Hotel:...

No Time To Debate The Past, It's Time To Plan Corporate Future.(Opinions)
June 8, 2009... Byline: Richard M. Johnson For every action there is a reaction, and it's no different for credit unions and the Corporate System. This is the time for credit unions to react. The Corporate System has been the subject of much...

The Keys For Being Proactive In Creating Strategic Plan For Mortgage Lending.(Opinions)
June 8, 2009... Byline: Jill Peterson It's not just the "Why?" but the "How?" How in the world do you create a strategic plan for mortgage lending today when the market is in a state of constant change? How could you even think about a plan of action when...

NCUA Eyes Installment Plan To Pay For Corporate Bailout.(General News)
June 8, 2009... Byline: Analysis by Ed Roberts ALEXANDRIA, Va.-NCUA is preparing to transfer the $5.9-billion cost of the corporate credit union bailout from the National CU Share Insurance Fund to the newly created Corporate CU Stabilization Fund, which...

Matz Nomination Heads To Senate Banking Committee.(General News)
June 8, 2009... Byline: Analysis by Ed Roberts WASHINGTON-The White House last week sent the nominating papers for NCUA Board candidate Deborah Matz to the Senate Banking Committee for its required review. Matz, a Democrat who served on the NCUA Board...

Regulatory Consolidation Mulled In Congress.(General News)
June 8, 2009... Byline: Analysis by Ed Roberts WASHINGTON-Credit union lobbyists were working last week to ensure that NCUA is left out of ongoing plans to merge the financial regulatory agencies. Unlike the "Blueprint" released by the Bush...

PA CUs Accept Half-A-Loaf FOMs After Court Ruling.(General News)
June 8, 2009... Byline: Analysis by Ed Roberts ALEXANDRIA, Va.-NCUA reported said last week it has granted broader community charters to two Pennsylvania credit unions rebuffed by a federal court last year - but less than half of what a federal court...

Mortgage Demand Strong, But 'Comps' A Problem For Many.(Mortgages)
June 8, 2009... Byline: Joyce Moed, Reporter PEORIA, Ill.-Many credit unions are reporting that overall mortgage volume is up, but house valuation comparisons - or "comps" - used in the mortgage lending process are affecting credit unions' foreclosures...

PEOPLE.(General News)
June 8, 2009... Holy Rosary CU, Rochester, N.H., named Erica Tremblay Employee of the Quarter for Q1 2009 and recognized Suzanne Wilkins for 25 years of service. Fran Sommerfeld has been named the new president and CEO of Sioux Falls FCU, Sioux Falls,...

ITCUA Dissolves, FSCC Steps Up.(General News)
June 8, 2009... SAN DIMAS, Calif.-Financial Service Center Cooperative has agreed to provide settlement services to participants in the correspondent credit union program operated by the Information Technologies CU Association, upon the dissolution of the...

NY, IN Lose Veteran CU Advocates.(General News)
June 8, 2009... RICHMOND, Ind.-Thomas Harris, a long-time president of NATCO CU who was active in the CU movement for more than 50 years, died at 84 Sunday, after a short illness. Thomas retired from NATCO, the industrial parts manufacturer, in 1983, and...

EDS CU Deals For Ailing Calif. CU.(General News)
June 8, 2009... PLANO, Texas-Fast-growing EDS CU has applied to state regulators to acquire troubled First America FCU in Santa Ana, creating a presence in southern California. First America had a loss of $1.9 million in 2008 and a loss of $1 million for...

PSECU Provides Online Security.(General News)
June 8, 2009... HARRISBURG, Penn.-Pennsylvania State Employees CU is offering all members a free download of Trusteer Rapport protection fo online businesses as an additional layer of security for online banking sessions. Rapport silently protects...

Market 'Tense,' But Some In NE See Volume Triple.(Mortgages)
June 8, 2009... Byline: Frank J. Diekmann, Publisher AUGUSTA, Maine-Far removed from the so-called "sand states," Maine has its own share of economic challenges. But credit unions here indicated they are seeing strong opportunities to grow their share...

A Dozen-Plus Tips Shared On Growing Purchase Mortgages.(Mortgages)
June 8, 2009... Byline: Frank J. Diekmann, Publisher AUGUSTA, Maine.-With predictions a purchase-mortgage boom is headed credit unions' way, Ira Oskowsky, regional sales director-Eastern sales division with CMG Mortgage Insurance, offered these pointers...

Mortgagebot Debuts New IPOS 'PowerSite' App.(Mortgages)
June 8, 2009... Byline: Matt Blumenfeld, Reporter MEQUON, Wis.-Credit unions and their members will now be able to consistently communicate across multiple channels throughout the mortgage application process as Mortgagebot released its new integrated...

Amid Cutbacks Elsewhere, One CU Is Hiring (Very Carefully).(Financial Performance)
June 8, 2009... Byline: Joyce Moed, Reporter BALTIMORE, Md.-While many institutions are laying off employees, merging, or closing their doors entirely, one credit union is expanding and actively hiring new employees. "Our secret is a well-managed...

Existing Home Sales Post Increase.(General News)
June 8, 2009... PLANO, Texas-Existing home sales rose 6.7% in April, the fourth increase in the past five months and the largest monthly increase in more than seven years, according to Brian Turner, director of advisory services at Southwest Corporate FCU. The...

FCUs Grabbing Mortgage Marketshare.(General News)
June 8, 2009... Byline: Bonnie Sinnock, National Mortgage News ALEXANDRIA, Va.-Federal credit unions' combined share of first- and second-lien mortgage volume, including home equity lines of credit, nearly doubled last year, to 6.19% last year, from 3.62%...

With New Focus On Collections, 'Structure' Of Operation Is Key.(Financial Performance)
June 8, 2009... Byline: Ray Birch, Correspondent SAN JOSE, Calif.-With delinquencies growing, many credit unions are scurrying to improve collections processes and outsource some of the work. That's the opinion of Bill Garcia, president and CEO of...

Getting Aggressive Before Delinquencies Rise Helped SSFCU's Numbers Fall Later.(Financial Performance)
June 8, 2009... Byline: Ray Birch, Correspondent SAN ANTONIO-Even if a credit union has not seen a sharp increase in delinquencies, one CU is advising not waiting until a crisis occurs before establishing an outsourcing arrangement with a third-party...

Target: New Generation (With Old Debts).(General News)
June 8, 2009... Byline: Matt Blumenfeld, Reporter MADISON, Wis.-Members of the Millennial Generation have been mislabeled as self-obsessed spendthrifts, yet a new reports suggests they present a truly unique opportunity for credit unions if handled...

New Question: What Are Examiners' 'Red Flags' For Compliance?(General News)
June 8, 2009... Byline: Ray Birch, Correspondent ARLINGTON, Va.-With the majority of credit unions now in compliance with Red Flag rules, a key question still on the table is: "What will regulators exactly be looking for during upcoming exams?" That's...

NOW IN THE MARKET.(General News)
June 8, 2009... Answers To Why Do People Buy? SALT LAKE CITY-"Do You Know Why Customers Really Buy" is a new white paper available from Allegiance Inc., a provider of Enterprise Feedback Management (EFM) solutions. The paper includes detailed information...

Time To Share Your Best Practices; Enter Now.(General News)
June 8, 2009... WEST PALM BEACH, Fla.-Credit Union Journal is now accepting nominations for its Best Practices 2009 recognition issue. The process has deliberately been made very easy to enter. Nominations may be submitted by credit unions themselves, a...

'I'm A Mac, And I'm A...Fake Ad For A Credit Union'.(General News)
June 8, 2009... Byline: Matt Blumenfeld CUPERTINO, Calif.-Another non-existent credit union has been advertising online, but this time it's not a scam aimed at grabbing consumer deposits. Apple Computer has placed the ad for "Monn Credit Union,"...

Survey Finds Higher Frustration With Bank Fees.(General News)
June 8, 2009... WESTLAKE VILLAGE, Calif.-Higher fees is the leading reason bank customers have switched banks over the past 12 months, according to a new study by J.D. Power and Associates. J.D. Power's 2009 Retail Banking Satisfaction Study also found that...

Time To Make A Change? Some CUs Say Way To Close 'Convenience Gap' Is By Extending Hours.(Facilities)
June 8, 2009... Byline: Matt Blumenfeld, Reporter CLOQUET, Minn.-To close the convenience gap between credit unions and banks that have branches on every corner, some credit union aren't seeking to add bricks, but instead add hours. One analyst...

In 1st Mo., 50 Members Sign On.(General News)
June 8, 2009... Byline: Matt Blumenfeld, Reporter OAK RIDGE, Tenn.-As layoffs and other symptoms of the financial crisis bleed from the "sand states" into other parts of the country, credit unions in previously "untouched" regions are having to develop...

EasCorp Raises $18 Million.(Corporate Credit Unions)
June 8, 2009... BURLINGTON, Mass.-EasCorp FCU said it raised new equity capital with an $18 million offering of preferred paid-in-capital accounts II, considered Tier One capital under generally accepted accounting principles, or GAAP. The new PIC have no...

Losses From Corps. Affect CUNA, Credit Union House, NCUF.(Financial Performance)
June 8, 2009... WASHINGTON-It's not only corporate credit unions that are being affected directly by their investments in membership capital shares at U.S. Central, as CUNA, which is also a member of U.S. Central, said it charged-off 23% of its MCS, and will...

Study Finds Most Valuable Members Use Shared Branches.(Facilities)
June 8, 2009... Byline: Matt Blumenfeld ATLANTA-If a CU determines it can't extend branch hours, it should consider turning to shared branching to boost convenience, according to one person. CO-OP Shared Branching President/COO Craig Beach noted that...

ON DEADLINE.(General News)
June 8, 2009... 3 Gunmen Plead Guilty to $360K Armored Car Heists ALEXANDRIA, Va.-Three men-two of them cousins-pleaded guilty to a string of armored car hold-ups that netted them more than $360,000. Among the heists was one on Feb. 1, 2008 outside...

Chrysler Bankruptcy Offers Lesson, Hope For Program.(Lending)
June 8, 2009... Byline: Ray Birch, Correspondent LANSING, Mich.-Preliminary Chrysler sales totals for May suggest that GM's bankruptcy filing may not hurt Invest in America. David Adams, CEO of the Michigan league and its subsidiary, CUcorp, which is...

CUs Prepare To Help GM Workers After Bankruptcy.(General News)
June 8, 2009... Byline: Ed Roberts, Washington Bureau Chief FLINT, Mich.-Credit unions are searching for new ways to help the beleaguered auto workers after the bankruptcy filing by General Motors, but most have been offering special programs for years to...

Debit Card Fuels Growth At Jack Daniels.(Financial Performance)
June 8, 2009... Byline: Ray Birch, Correspondent LYNCHBURG, Tenn.-Adding a debit card to its product mix has helped one $13-million CU grow by $2 million in assets over the last two years. Jack Daniels Employees FCU added the card just over five years...

CD Intro'd With Goal Of Helping Members Build Careers.(General News)
June 8, 2009... Byline: Ray Birch, Correspondent DUBLIN, Ohio-Ohio Healthcare FCU has introduced a product to help members further their professional development and careers. The $42-million OHFCU recently created the Professional Development Share...

For CUs In The Sand States, The Forecast Remains Difficult.(Financial Performance)
June 15, 2009... Byline: Michael Bartlett, Reporter LAS VEGAS-For credit unions in the so-called "sand states" - Nevada, Arizona, California and Florida - their financial foundations are much like a sandcastle lapped by an approaching surf. In this...

CU Rewarded For 'Rewarding Membership'.(Financial Performance)
June 15, 2009... Byline: Michael Bartlett, Reporter OGDEN, Utah-The management philosophy of "doing everything that is best for the members" is not unusual within credit unions. Yet Weber State CU reports it has used that simple formula to fashion...