Credit Union Journal articles from May 2009

Credit Union Journal archives from May 2009

Texas Dow ECU Launches First CU App For iPhone.(Technology)
May 4, 2009... Byline: Kevin Jepson, Technology Correspondent LAKE JACKSON, Texas-Texas Dow Employees CU (TDECU) has launched an iPhone application at Apple's App Store, becoming the first credit union or credit union organization to offer an official...

WORTH NOTING.(General News)
May 4, 2009... Patelco Taps Kenneth Burns For CEO Post SAN FRANCISCO-Patelco CU, the nation's 10th largest credit union, has hired Kenneth Burns, the president of $1.3-billion Technology CU, in nearby San Jose, as its new CEO. Burns will succeed...

Marketing Philosophy, Incentives Put Community First Near Top Of The Heap.(Financial Performance)
May 4, 2009... Byline: Matt Blumenfeld, Reporter APPLETON, Wis.-Going against the grain and boosting marketing efforts during the recession has paid big dividends for Community First Credit Union as the $1.17- billion institution earned the third spot...

CREDIT UNIONS IN THE MEDIA.(General News)
May 4, 2009... WARMINSTER, Penn.-The Intelligencer published a letter to the editor from Freedom CU Chairman Joe Yerkes titled, "Banks Need to Stop Credit Union Fight." The letter addressed what Yerkes called the banks' misuse of bailout money and their...

Arizona Effort Seeks To Differentiate The CUSO From The Credit Union.(Technology)
May 4, 2009... Byline: Ray Birch, Correspondent SCOTTSDALE, Ariz.-When a CUSO sends e-mails directly to a credit union's members, does that help communication or create confusion? CU Realty Services, a real estate brokerage CUSO, suggests that...

Hunkered Down? Can't Grow In 2009? Sorry, Not All Agree.(Opinions)
May 4, 2009... Byline: Frank J. Diekmann President Obama wasn't able to make it to Credit Union Journal's Grow Show last week, but he would have approved of the "Yes We Can" mindset of the credit unions in attendance. Even with issues of Credit Union...

What's More Powerful Than Power To Give Orders?(Viewpoint essay)(Brief article)
May 4, 2009... It would be darned easy, almost expected, to let the power of leading a super-carrier simply become your management style. And yet veteran military leader said he has learned giving orders is not the most effective way to lead. The USS...

CALENDAR.(General News)
May 4, 2009... MAY May 6-9 Georgia CU Affiliates Annual Meeting, Westin Savannah Harbor Golf Resort & Spa, Ga. Hotel: www.Westin.com/SavannahHarbor. For info: www.gcua.org or 770-476-9625. May 6-9 Mississippi CU Association Annual Meeting,...

Yes Or No? CEOs And Contracts.(Opinions)
May 4, 2009... Editor's Note: The following is a question submitted by a credit union executive to Credit Union Retired Executive (CURE), a resource for free, confidential management advice and direction. The answers are supplied by former credit union...

Now Is The Time For Offense.(Opinions)
May 4, 2009... Byline: Neil Goldman On Feb. 5, 2009, I was privileged to participate in a planning meeting with one of the most progressive credit unions in the country. They are coming off a break-even year in 2008, and - as with the industry as a whole...

Don't Let Technology Hijack Your Opportunity To Touch, Cross-Sell Members.(Viewpoint essay)
May 4, 2009... Byline: Jeff Frantz As technology shifts, more and more consumers are utilizing the Internet for financial services. That can be good for credit unions, but it also brings with it risks if not handled right at a time when one result of the...

Group Opposes Plan, Calls For Hearings.(Corporate Credit Unions)
May 4, 2009... Byline: Ed Roberts WASHINGTON-As the Senate was poised to vote on a corporate stabilization bill, a group of credit union executives organized by credit union consultants Callahan & Associates began a petition drive asking Congress to...

AMOCO FCU Kicks Off TV 'Reality Show' Style 'Earn Or Burn' Savings Challenge.(General News)
May 4, 2009... Byline: Matt Blumenfeld, Reporter TEXAS CITY, Texas-AMOCO FCU has teamed up with a local TV station to make saving money the next big thing. Saving is becoming chic again, but many Americans are having a tough time following the trend...

The Next Shoe Drops: CUs To Write Down Corporate Capital.(General News)
May 4, 2009... Byline: Analysis by Ed Roberts ALEXANDRIA, Va.-Credit unions around the country struggling with their share of the corporate credit union bailout are girding for other new write-downs for their shares in other troubled corporates. Most...

What Sen. Specter Defection might mean to legislation.(General News)
May 4, 2009... Byline: Analysis by Ed Roberts WASHINGTON-Pennsylvania Sen. Arlen Specter announced he is defecting from the Republican Party, giving the Democrats a filibuster-proof majority in the Senate. Once Democrat Al Franken's win in Minnesota...

Four More Banks Fail, Making 29 For The Year.(General News)
May 4, 2009... Byline: Analysis by Ed Roberts WASHINGTON-The FDIC seized four more banks - in Georgia, Michigan, California and Idaho - making a total of 29 bank failures so far in 2009. The FDIC estimated the failures cost its deposit-insurance fund...

PEOPLE.(General News)
May 4, 2009... Alabama Telco CU, Birmingham, named Robby Clark manager of its Southeast Alabama Medical Center branch. Florida Commerce CU, Tallahassee, named Cecilia D. Homison CEO. Cory Johnson has joined the Credit Union Economics Group in...

AGENDA.(General News)
May 4, 2009... Meetings NCUA Board meeting, Alexandria, Va., May 21 Comment Federal Housing Finance Agency: Comments on Capital Classifications and Critical Capital Levels for the Federal Home Loan Banks are due May 15. Treasury Department:...

Man Charged With Attempt To Kill.(General News)
May 4, 2009... LENEXA, Kan.-A man charged with last month's armed robbery at the Credit Union of Johnson County was indicted on additional charges of attempting to kill a witness to the hold-up as he made his getaway. As he drove away, the suspect,...

Teenaged Girl Charged In Heist.(General News)
May 4, 2009... ATTLEBORO, Mass.-Two suspects charged in last week's robbery at Goldmark FCU are believed to have been involved in the prior week's hold-up at Navigant FCU. The suspects include a 16-year-old girl who is believed to have entered Goldmark...

Loan Scam Victimizes Navy Federal.(General News)
May 4, 2009... VIRGINIA BEACH-The former finance manager at a subprime auto dealer was sentenced to 33 months in prison for his role in a $1.1 million indirect loan scheme. Authorities said Ashley Wynn, 28, helped arrange auto loans to dozens of...

Metavante Reports A 15% Surge.(General News)(Metavante Corp.)(Financial report)(Brief article)
May 4, 2009... WILWAUKEE-Metavante Technologies, the back-office service provider for credit unions and banks preparing to be acquired by Fidelity National Services, reported that first quarter earnings rose 15% to $40.3 million, while revenues advanced by 1%...

Senate Vote On Corporate Bailout Expected.(Corporate Credit Unions)
May 4, 2009... Byline: Ed Roberts, Washington Bureau Chief WASHINGTON-The Senate was expected last week to pass a bill that would allow credit unions to stretch out the $5.9 billion payment for the corporate credit union bailout over seven years. The...

IT Spending by Financial Services Expected To Slow.(Technology)(Brief article)
May 4, 2009... BOSTON-Celent estimates global information technology spending by financial services institutions will reach $353.3 billion in 2009, representing a decline of 1.3% over 2008, when IT spending totaled $358 billion. The decline represents a...

Baseball's Iron Man Offers 8 Secrets To Long-Term Success.(General News)
May 4, 2009... Byline: Frank J. Diekmann ORLANDO, Fla.-Cal Ripken Jr. was the kind of baseball player any credit union would like to have as an employee: 17 years without a sick day. Ripken, the Hall of Famer and former Baltimore Orioles' star, is...

Quick Reads because your time counts.(General News)
May 4, 2009... CUs Go On Tour With Sen. Murray To Tout Financial Literacy Efforts FEDERAL WAY, Wash.-Credit union advocates are touring the state with Sen. Patty Murray (D-WA) to help her tout the importance of her Financial and Economic Literacy...

Measuring Value Given Back To Members.(General News)
May 4, 2009... WASHINGTON-Determining how a credit union stands relative to its peers in terms of returning value to its members is a complex issue. Callahan & Associates, Washington, has attempted to do just that with its Return of the Member (ROM) ranking...

NOW IN THE MARKET.(General News)
May 4, 2009... DES MOINES-TMG has rewarded 10 credit union tellers and five CU branches with top gift card-sales honors stemming from the company's third annual ATIRAgiftSM holiday sales competition. Leading the teller competition was Illinois-based IH...

Interchange Fee Reform Bills Are Lurking.(General News)
May 4, 2009... Byline: Michael Bartlett, Reporter WASHINGTON-Despite the absence of currently pending legislation on interchange fees, some analysts are warning that will change as early as 2010. Steve Salzer, chief strategic, compliance and legal...

New Plastic Card Rules Will Eliminate Some Of CUs' Flexibility.(General News)
May 4, 2009... Byline: Michael Bartlett, Reporter WASHINGTON-When it comes to proposed new rules for plastic cards, the devil will lie in the details, especially when it comes to pricing cardholders according to risk. Already, rules set to go into...

CU CEO Is Mad & Members Aren't Going To Take (High Rates) Anymore.(General News)
May 4, 2009... Byline: Michael Bartlett, Reporter VIRGINIA BEACH, Va.-As credit card issuers across the country slap on fees and raise interest rates-to the point the president of the United States felt he needed to step in - one credit union CEO decided...

Obama Pushes Credit Card Execs For Reforms, Congress Eager To Move Forward.(General News)
May 4, 2009... Byline: Michael Bartlett, Reporter WASHINGTON-At least one credit card analyst confident Congress and the White House will push through new consumer protection legislation. What it will mean to credit unions will depend on how the new...

Beware Politicians Bearing 'Better' Cards Legislation.(General News)
May 4, 2009... Byline: Michael Bartlett, Reporter WASHINGTON-Credit unions are being urged to beware politicians who have "better answers" for the credit card business. Credit card rates, fees and practices have become a populist issue for both sides...

Universal Rewards Cards Are Rated For Best Value.(General News)
May 4, 2009... AURORA, Ill.-The universal rewards cards that offer the most bang for the buck are American Express Co.'s Blue and Green, JPMorgan Chase & Co.'s Freedom, Wells Fargo & Co.'s Visa with Enhanced Rewards, and HSBC Holdings PLC's Ecosmart,...

Help Members Face Greatest Fear: Outliving Their Money.(General News)
May 4, 2009... Byline: Joyce Moed, Reporter Madison, Wis.-Are you going to outlive your money? That is the single-biggest fear facing would-be retirees as the giant Baby Boom Generation heads toward retirement, according to John Vardallas,...

CU Executives, Inc. Team With Sheeter.(General News)
May 4, 2009... SAN DIEGO-CU Executives Inc., specializing in placing credit union executives and IT professionals, has partnered with Sheeter Consulting, an employee benefits consultant exclusively for credit unions that designs qualified and non-qualified...

Career Ladder Stymied As Execs Hold Off On Retirement Plans.(General News)
May 4, 2009... Byline: Joyce Moed, Reporter DALLAS-Though CEOs and other credit union executives are holding off on their retirement plans, boards still need to be ready to fill those top slots-and make tough decisions when CEO asks to put off...

NOW IN THE MARKET.(General News)
May 4, 2009... TMG Releases White Paper DES MOINES-Despite potential loss of interchange income due to pending legislation, there is a wealth of non-interest income opportunities, according to a white paper by The Members Group (TMG). "While it's...

Tips From J.D. Power On Perceptions Of CUs, Banks & More.(General News)
May 4, 2009... Byline: Lisa Freeman CORONADO, Calif.-The good news is credit unions still outrank banks in satisfaction surveys in almost every single area, and the reason is that members love their credit unions. The bad news: the ones who love CUs most...

How One CU Cooperatively Turned $13K Into Millions In PR...(General News)
May 4, 2009... SAN DIEGO-Seattlelites may no longer be lined up around the block to get into Seattle Metro Credit Union, yet one effective strategy continues to pay it forward. Seattle Metro has rebuilt its business philosophy upon the seven Rochdale...

Dog Leads To More Than Spike In Growth.(General News)
May 4, 2009... CORONADO, Calif.-Looking to ensure it doesn't "age itself out of existence," one credit union has gone to the dogs. And is growing like a Great Dane. USA Federal Credit Union found itself struggling in 2006 and 2007 with "how can we make...

The Road (Back) To Retirement; Economy Forces Members To Keep Working, Giving CUs A Chance To Shine.(General News)
May 4, 2009... Byline: Joyce Moed, Reporter MADISON, Wis.-The phenomenon of members putting off retirement due to the recession is creating a golden opportunity for credit unions to position themselves as the trusted adviser to help them navigate their...

WORLD UPDATE: Island CUs Told Value of Ethics.(General News)
May 4, 2009... ST. GEORGE'S, Grenada-Credit unions meeting here were told that ethical operations are critical to the success of organizations of all sizes and especially credit unions. The message, from Anthony Emerson, CEO of the Credit Union League of...

WORLD UPDATE: G-20 Leaders Get A CU Briefing.(General News)
May 4, 2009... MADISON, Wis.-When members of the Group of 20 (G-20) nations met at The London Summit in April, they did so with information provided by the World Council of Credit Unions on the role credit unions play in their countries. The G-20 had...

WORLD UPDATE: 'Don't Punish Us,' CUs Remind.(General News)
May 4, 2009... MADISON, Wis.-World Council of Credit Unions (WOCCU) is calling for a fundamental review of the Basel II capital framework by the Basel Committee on Banking Supervision to ensure that smaller institutions and credit unions that have fared...

WORLD UPDATE: Mich., St. Lucia CUs In Exchange.(General News)
May 4, 2009... CASTRIES, St. Lucia-Representatives of Michigan's credit unions see opportunities for learning in both the U.S. and St. Lucia, the Caribbean island nation with which Michigan's credit unions have partnered. "We're all trying to educate our...

WORLD UPDATE: Canadian, Mexican CUs In Pairing.(General News)
May 4, 2009... CORDOBA, Mexico-Two of North America's most innovative credit unions indicated they may pair up through the World Council of Credit Unions' (WOCCU) International Partnerships Program. The proposed partnership would be the first time a Canadian...

NOW IN THE MARKET.(General News)
May 4, 2009... Members Advantage Uses LEVEL5 ATLANTA-LEVEL5, a consulting and facilities development firm specializing in financial institutions, announced that Indiana-based Members Advantage CU has selected the company to develop and execute a growth...

Conference Board Says Economy Still Shedding Jobs.(Financial Performance)
May 4, 2009... NEW YORK-The Conference Board Employment Trends Index (ETI) fell further in December. The index now stands at 99.6, decreasing 1.6% from the November revised figure of 101.2, and down almost 16% from a year ago. "During 2008, total...

'Internet Households' See Value In Pre-paid Loyalty Cards.(General News)
May 4, 2009... ATLANTA-New research shows that four-in-10 "Internet households" have received a prepaid card as a loyalty reward for their shopping or card usage, and that of those two-thirds say they are "valuable." The findings were released by...

ON DEADLINE.(General News)
May 4, 2009... Rhode Island's Coastway CU Converts To Bank CRANSTON, R.I.-Members of Coastway CU, the state's fourth largest credit union, voted overwhelmingly in favor of converting to a mutual savings bank. The 89-year-old credit union said 78% of...

Automotive CUs Brace For Impact Of Biggest Cuts In Recent History.(General News)
May 4, 2009... Byline: Ray Birch, Correspondent AUBURN HILLS, Mich.-Credit unions that serve the automotive industry are bracing for what they fear will be the toughest GM cutbacks in recent memory-which could not only strap just autoworkers, but local...

Still Investing In America.(General News)
May 4, 2009... Byline: Ray Birch LANSING, Mich.-General Motor's cutbacks won't slow Invest in America's momentum, predicts David Adams, CEO of CUcorp. Through March, Invest in America - a program that provides discounts on GM and Chrysler cars to...

Regulators Opt To Ground Eastern Financial Florida CU.(Financial Performance)
May 4, 2009... Byline: Ed Roberts, Washington Bureau Chief MIRAMAR, Fla.-In the biggest failure of a natural person credit union, Eastern Financial Florida CU, the one-time high-flying airlines credit union, was taken over by state regulators and NCUA...

Failure Of U.S. Central Depletes Corporate Capital.(Corporate Credit Unions)(Survey)
May 11, 2009... Byline: Ed Roberts, Washington Bureau Chief ALEXANDRIA, Va.-NCUA said the nation's 27 corporate credit unions will have to charge-off more than $1.5 billion of capital they held in U.S. Central FCU, pushing most of them below regulatory...

CU Trades Lobbying Against Interchange Reform.(General News)
May 11, 2009... Byline: Michael Bartlett, Reporter WASHINGTON-NAFCU and CUNA have joined with the Electronic Payments Coalition to run a series of targeted advertisements to combat efforts by merchants to reduce or cap interchange fees on plastic card...

The American Debt Relief Challenge; Credit Unions making a real difference.(General News)
May 11, 2009... WEST PALM BEACH, Fla.-Credit Union Journal has entered into a partnership with the American Debt Relief Challenge, a credit union-backed effort to save at least 37,400 cosumers more than $300 million. For details, www.adrchallenge.com.

How 'Heavy Investment' In Technology Is Paying Off For Cincinnati Ohio Police FCU.(Financial Performance)
May 11, 2009... Byline: Matt Blumenfeld, Reporter CINCINNATI-Members and employees alike utilizing technological efficiencies has helped Cincinnati Ohio Police FCU steadily increase its walletshare. CEO Tina Wocher pointed out that Cincinnati Ohio...

Despite Cuts To CU Travel Budgets, 3 Leagues Unveil New Mtg.(General News)
May 11, 2009... Byline: Joyce Moed, Reporter BOXBOROUGH, Mass.-While many trade associations are seeing conference attendance dwindle this year, three state leagues unveiled a brand new conference. The Massachusetts and New Hampshire Credit Union...

On Breaking The Ice, Igniting Fires, Bonuses And Boomers.(Opinions)
May 11, 2009... Byline: Frank J. Diekmann There are deal-breakers and back-breakers, and then there is the question raised by the Senate passage of legislation to allow NCUA to stretch out the costs of the corporate CU bailout for as long as eight...

CALENDAR.(General News)
May 11, 2009... MAY May 14-16 Pennsylvania CU Association Annual Meeting, Hershey Lodge & Convention Center, Hershey, Penn. Hotel: www.hersheylodge.com. For info: www.pcua.coop or 800-932-0661. May 15-16 Maine CU League Annual Meeting,...

How Research Generates Income.(Opinions)
May 11, 2009... Byline: Mike Anstead Research is an income generator. Research is an expense minimizer. And research is a key tool to help you grow. [No, I'm not smoking any funny stuff. Really] Read on. Income growth. Credit unions today need income...

How CUs Can Take Advantage Of 'Quiet' Mortgage Front.(Opinions)
May 11, 2009... Byline: Rob Katz With the unpredictable financial markets, credit unions are poised to significantly grow their share of residential mortgage lending activity in 2009. In the past, borrowers were bombarded with telemarketing calls, junk...

Will Third Time Be Unlucky Charm For Overdraft Reform?(General News)
May 11, 2009... Byline: Matt Blumenfeld, Reporter HOUSTON-The latest attempt to reform overdraft protection programs is gaining traction due to political and economic pressures, potentially dealing a major blow to credit union fee income. Overdraft...

Security Upgrade Also Enhances Member, Staff Experience.(Opinions)
May 11, 2009... Byline: Paul Seibert What if you could develop a simple and low-cost method to effectively reduce robberies and fraud, and enhance the member and staff branch experience at the same time? What if a new security methodology could actually...

Reader: I Must Be An Idiot!(Opinions)
May 11, 2009... It has taken me three days to respond to your April 27, 2009 article titled "FIs Won't Do Well on Treasury 'Stress Test." I must be an idiot because I do not see the validity of these comments as it relates to my credit union! While I...

CUNA Reports $8M Loss, Not Including Corporate Loss.(General News)(Financial report)
May 11, 2009... Byline: Analysis by Ed Roberts WASHINGTON-CUNA reported last week that the declining stock markets pushed it into the red to the tune of $8 million for 2008, up from a $5.2-million loss for 2007. The 2008 losses do not include any...

Corporate Bailout Depletes $6 Billion In CU Capital.(General News)(Survey)
May 11, 2009... Byline: Analysis by Ed Roberts MADISON, Wis.-Charges related to the corporate credit union bailout helped eliminate almost $6 billion in credit union capital in March, depleting industry capital from 10.3% at the end of February to a...

Affordable Housing CUSO Gets Grant For Income Tax Clinic.(General News)
May 11, 2009... Byline: Analysis by Ed Roberts WASHINGTON-The El Paso Affordable Housing CUSO has received a $38,420 grant from the IRS to continue operating as a year-round, low-income tax clinic. The group helps low- to moderate-income residents who...

AGENDA.(General News)
May 11, 2009... Meetings NCUA Board meeting, Alexandria, Va., May 21 Comment Federal Reserve System: Comments on a proposed rule on Truth In Lending are due June 4. Events NCUA CU Workshop, Minneapolis, May 14 NCUA CU Roundtable,...

PEOPLE.(General News)
May 11, 2009... Postal Credit Union, Woodbury, Minn., named Andrew Rihm Eagan branch manager. Connex CU, North Haven, Conn., promoted Gezim Stroka to assistant branch manager. LEVEL5, Atlanta, named David Artrip and Bill LaPiana regional directors....

The Price Is Right; CU Gains $20M In Deposits In 2 Days.(General News)
May 11, 2009... Byline: Ray Birch, Correspondent PORTLAND, Ore.-Consumers will move money if the pricing is right, as Advantis Credit Union here has learned. At its new Hillsboro, Ore., location, the $723-million CU gained more than $20 million in...

Paying The Price; Advice: Use New Rate Formula.(Financial Performance)
May 11, 2009... CORONADO, Calif.-The biggest mistake a credit union can make: allowing your competition to price your loans. That was the message from Dan Roderick of ProfitStars' Margin Maximizer Group, who noted that most financial institutions make this...

Hard Choices; Getting More From Fewer Staff.(Financial Performance)
May 11, 2009... CORONADO, Calif.-Credit unions can grow in 2009 and beyond, but it's going to require some hard choices. That was the message to attendees at Credit Union Journal's Grow Show by opening keynoter Brett Christensen, president of Austin,...

Not-So-Secret Weapon; How Cards Can Drive Growth.(Financial Performance)
May 11, 2009... CORONADO, Calif.-Most credit unions have a not-so-secret weapon for growth, they just don't know its strength or how to leverage it: the credit and debit card portfolio. "Credit unions are unaware of their card programs' contribution to...

Stolen Goods; 2 Marketeers Offer Strategies, Tips & Ideas CUs Can Steal.(Financial Performance)
May 11, 2009... CORONADO, Calif.-Looking for some ideas to steal? Two presenters at Credit Union Journal's Grow Show were offering them up. In remarks themed, "Left Coast, Right Coast, Eight Ideas You Can Steal The Most," Roy MacKinnon, VP with First...

Measuring Up; Speaker Offers 7 Growth Initiatives For CUs To Consider.(Financial Performance)
May 11, 2009... CORONADO, Calif.-If you want to grow, you have to be meticulous about measuring everything. Just ask anyone on the U.S.S. Nimitz, suggested Sam Kilmer, vice president of market development for Harland. A speaker at CU Journal's Grow Show,...

What Can You Do To Help CUs Grow?(Financial Performance)
May 11, 2009... CORONADO, Calif.-Credit Union Journal asked the solutions providers at Grow Show just one question: how can you help a credit union grow. Below are their responses: CO-OP Financial Services: One of the vulnerabilities credit unions...

2 Corporate Holdouts Sign Up For NCUA's Share Guarantee Program.(Corporate Credit Unions)
May 11, 2009... Byline: Ray Birch, Correspondent BISMARCK, N.D.-Two of the four corporates that initially balked at signing onto NCUA's corporate share guarantee program have now signed on after revisions were made to the plan. The two remaining...

Corporate Stabilization Bid: Is It Enough?(Corporate Credit Unions)
May 11, 2009... Byline: Ed Roberts WASHINGTON-After five days of debate, the Senate overwhelmingly passed the bill last week containing funding for the corporate credit union bailout but one major question looms: is it enough? The Senate bill would...

Corrections & Clarifications.(General News)(Correction notice)
May 11, 2009... * Participation in REAL Solutions is not required to apply for a grant from the National Credit Union Foundation. * In a recent issue of Credit Union Journal, a report on the merger between NationsHeritage FCU, Attleboro, Vt., and HarborOne...

Why 3 CUs Are Bucking The Trend & Continue Branching Out.(Facilities)
May 11, 2009... Byline: Matt Blumenfeld, Reporter SAN ANTONIO-When the going gets tough, the truly tough get growing. That's the way three credit unions across the country are responding to the economic crisis, as they continue to open new...

CUs Scrambling To Keep Members In Homes Via Loan Modifications.(Financial Performance)
May 11, 2009... Byline: Matt Blumenfeld, Reporter SAN JOSE, Calif.-Credit unions across the country are taking aggressive steps to keep members in their homes and cut down on delinquencies that have pushed many a bottom line into the red. Meriwest CU...

On Deadline.(General News)
May 11, 2009... CUs Face Off In Court With IRS Over UBIT MADISON, Wis.-The long-simmering feud between state chartered credit unions and the IRS will finally come before a jury today at the opening of Community First CU's challenge of the IRS's...