Credit Union Journal articles from October 2007

Credit Union Journal archives from October 2007

Survey Shows Bank Fees Have Spiked To An All-Time High.(Statistical data)
October 1, 2007... NORTH PALM BEACH, Fla. -- The bounced check fees and ATM surcharges being charged by the nation's banks have hit a new high, according to a new survey. In addition, Bankrate.com is reporting its Fall 2007 Checking Account Pricing Study has...

NCUA Rules On Member Access To CU Records.(National Credit Union Administration)
October 1, 2007... ALEXANDRIA, Va. -- Over the popular objection of credit union executives, the NCUA Board last week approved new rules to open up the internal books, records and minutes of board and committee deliberations to rank-and-file members. The new...

Fed Rate Cut Sparks Action: Economists At Corporate CUs Share Insight Into What Recent Fed Action Means For Economy, Credit Unions.
October 1, 2007... WARRENVILLE, Ill. -- Corporate credit unions are on alert after the Federal Reserve's 50-basis-point rate cut had some observers interpreting the Fed's move as a signal it is concerned the credit-market crunch will slow economic activity well...

Speculators Charged With Stalking CU Conversion Candidates.
October 1, 2007... WALL STREET -- Three more speculators were charged last week with illegally gaining access to lucrative initial public offerings of mutual savings banks-including several former credit unions-in a scheme that netted them more than $3 million....

On Deadline.(stock trading of PHH Corp.)(Credit Union National Association on bank fees)(Sallie Mae Inc. Takeover Teeters)
October 1, 2007... Patelco CU Seeks Return To NCUSIF Insurance SAN FRANCISCO-Patelco CU, which rocked NCUA when it became the largest credit union to convert from the NCUSIF to private insurance in 2002, is now seeking to return to the federally insured fold....

CUs Serving Auto Workers Heave Sigh Of Relief As GM Strike Comes To A Quick End.
October 1, 2007... LANSING, Mich. -- Though the GM autoworkers strike was short-lived, credit unions serving GM employees were ready to help members make ends meet had the union action been in it for the long haul. Auto Body CU, which has 22,000 members with...

LA Financial CU Slam Dunks Illiteracy With NBA's Clippers.
October 1, 2007... PASADENA, Calif. -- LA Financial Credit Union and the NBA's Los Angeles Clippers will team up during the coming season to promote literacy-especially financial literacy-in students throughout Los Angeles County. Renee Mackanin, the LA...

Affinity Offers Loan Check-Up Service.(Affinity Federal Credit Union)(Brief article)
October 1, 2007... BASKING RIDGE, N.J. -- In the wake of what some are calling a credit crisis, Affinity FCU is offering its new "Loan Health Check From Affinity"-think of it as a check-up for member's credit health. This free service allows Affinity's...

STATE STAT-SHOT.(Statistical data)
October 1, 2007... Throughout 2007, the Credit Union Journal is profiling the credit unions of each U.S. state and D.C. Rather than appear in alphabetical order, the states are being featured in the order they became states. COLORADO Number of credit...

Worth Noting.(National Credit Union Administration to hold public forum)(Former CMG Robert L. Curry CEO Passes Away)(National Federation of Community Development Credit Union adds Municipal Credit Union; United Nations Federal Credit Union )(Obituary)
October 1, 2007... NFCDCU Adds 2 Large N.Y. CUs NEW YORK-The National Federation of Community Development CUs reported it has closed the summer with two of the largest CUs in New York City, the $1.3-billion Municipal Credit Union and the $2.5-billion United...

CURIA COUNTER - 129.
October 1, 2007... At press time, the number of co-sponsors on the CURIA bill. 217 are needed to have a majority. (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com

Punching Heavyweight Competition With A Knock-Out Rate.(United SA Federal Credit Union)
October 1, 2007... SAN ANTONIO, Texas -- In order to boost member debit card usage and separate itself from some heavyweight competition, United SA Federal Credit Union here is increasing dividends for accounts with as little as one penny in an account. ...

CU Pulls Out All The Stops To Promote Its Blockbuster Savings Options.(Brief article)
October 1, 2007... HOLLYWOOD, Calif. -- Taking full advantage of its field of membership, First Entertainment Credit Union sent out a series of promotional mailings that parody movie posters to sell savings options. First Entertainment, which as the name implies...

Now On The Market.(FCUL Service Group Inc. partnered with eZforex)(Arrowhead Credit Union contracts with Cardiff TeleForm)(TNB Card Services signed Service First Federal Credit Union; Employees CU; First Alliance CU)
October 1, 2007... FCUL Teams Up With eZforex TALLAHASSE, Fla.-FCUL Service Group Inc. partnered with eZforex, a provider of foreign currency, foreign travelers cheques, foreign wire transfers, gift cheques and foreign drafts. Using eZforex, members can...

A J.D. Power Perspective On Issues A Bit Closer To Home.(Interview)
October 1, 2007... When you think of J.D. Power & Associates it's near-certain you also think of automobiles and the customer satisfaction ratings the various manufacturers are always extolling. What's far less likely is that you would associate J.D. Power...

Calendar.(Calendar)
October 1, 2007... OCTOBER Oct. 5-8 CUNA Attorneys' Conference, Four Seasons Resort, Jackson Hole, Wyo. For info: Amy Larson at 800-356-9655 or alarsoncuna.com. Oct. 16-19 NAFCU Regulatory Compliance Seminar and Track II Compliance Program,...

How To Find The Silver Lining In The Cloud Of Postal Rate Hike.
October 1, 2007... Postal rates are changing. First Class mailing items have gone from 39 cents to 41 cents, and the cost for other types of business mail are also going up, including rates on non-standard pieces like 9" x 12" envelopes and even "bulk rate" for...

Research: Why Should Credit Unions Do Research? To Get Results.
October 1, 2007... Why should credit unions do research? First, according to W. Edwards Deming, father of TQM, there can be no improvement without measurement. Further, without measurement, there can be no innovation because innovation is irrelevant if it's not...

Eye On The Competition: Bank Leading The Way In Serving Deaf Customers.
October 1, 2007... SAN ANTONIO -- Frost National Bank SVP Patti Bliss is leading an effort to provide teller help to deaf customers by deploying video conference technology. The mother of a 20-year-old deaf man, Bliss said she wants to help hearing- impaired...

Eye On The Competition: Wilmington Trust Pledges Organic Expansion Only.(Brief article)
October 1, 2007... NEW YORK -- Executives attending the Lehman Brothers Fifth Annual Financial Services Conference here in the Big Apple learned that while Wilmington Trust Corp. is seeking to expand its commercial banking network in the Mid-Atlantic region, it...

Eye On The Competition: Redstone Bank Changes Name To Green Bank.(Brief article)
October 1, 2007... HOUSTON -- In a move that reflects its concerns for the environment, the $235-million Green Bancorp will rename its sole subsidiary from Redstone Bank to Green Bank. According to reports published in the American Banker, bank president Bob New...

Eye On The Competition: College Board Out Of Student Loan Business.(Brief article)
October 1, 2007... NEW YORK -- The College Board, which administers academic tests including the SAT and other Advanced Placement exams, is getting out of the student-loan business. The College Board began offering student loans in the early 1990s, partnering...

Serving A Sponsor That's Also About Service Helps PHSFCU Continue To Grow.(Providence Health Systems Federal Credit Union CEO Shirley Cate )(Interview)
October 1, 2007... PORTLAND, Ore. -- When Shirley Cate joined Providence Health Systems Federal Credit Union as CEO in July, she discovered the financial institution and its sponsoring employer had similar missions-missions she felt would help the $70-million...

Now In The Market.
October 1, 2007... Digital Defense, Harland Team Up SAN ANTONIO, Texas-Digital Defense Inc. formed a new strategic alliance with Harland Financial Solutions Inc. to jointly market the company's electronic banking system alongside Digital Defense' security...

Chihuahuas Bite Back: CUJ Series On Thriving Small CUs.(Brief article)(Statistical data)
October 1, 2007... CU Journal explored the advantages larger CUs have over their smaller brethren. Now, CUJ focuses on how some small CUs are not only surviving, but thriving. Growth By The Numbers 6/05 6/06 6/07 Assets...

CUJ Q&A: Haynes Honored As 'Hardest Working' On National Radio Show.(Rita Haynes CEO Faith Community United Credit Union)(Interview)
October 1, 2007... CLEVELAND -- Rita Haynes, CEO of Faith Community United Credit Union, was recently honored with the "Hardest Working" award from the Tom Joyner Morning Show, which airs daily on ABC radio syndicates nationally. Haynes, known as a pioneer...

Credit Unions In The Media.(Pennsylvania State Employees Credit Union introduced counselling service)(La Joya Area Federal Credit Union selected as "Best Places to Work," )
October 1, 2007... In a story on local financial institutions and the advice they provide, the Harrisburg Patriot-News included Belco Community CU and Pennsylvania State Employees CU, along with PNC Bank. The story focused on helping consumers distinguish between...

Worth Noting.(Tucoemas Federal Credit Union Seeks Relief From Lawsuit)(MDDCCUA partnered with Credit Union Outreach Solutions Inc.)(PA FOM Suit Heads To High Court)
October 1, 2007... StretchPay Launched In MD, DC COLUMBIA, Md.-MDDCCUA has named Credit Union Outreach Solutions Inc., (CUOSI) as a business partner to provide payday-lending options to Maryland and D.C. credit unions. CUOSI is a CUSO formed by the Ohio CU...

TJX Settles With Consumers; Financial Institutions Next?(Brief article)
October 1, 2007... BOSTON -- A federal court approved a $120-million settlement between TJX Cos. and consumers last week over the biggest data breach ever, leaving its suit with banks and credit unions still unresolved. Under the proposed settlement filed with...

Texas Lawmakers Call For a Hearing on CURIA.(Credit Union Regulatory Improvements Act)(Brief article)
October 1, 2007... WASHINGTON -- A bipartisan group of Texas House members urged the Financial Services Committee to hold a hearing on the credit union regulatory relief bill, known as CURIA. The group sent a letter to Barney Frank, the Democratic chairman of...

CUNA Is Cultivating Congressional Leadership.(Credit Union National Association)(Brief article)(Statistical data)
October 1, 2007... WASHINGTON -- CUNA continued last month to build ties with congressional leaders and key constituency groups, doling out $20,000 to five so-called leadership PACs. Contributions went to the National Leadership PAC, a Democratic group...

Tech and Bank Giants Team for New Payments System.(Company overview)
October 1, 2007... WASHINGTON -- A new venture headed by America Online founder Steve Case and backed by several banking giants unveiled a payments system last week they say will bridge the gap between credit/debit cards and Internet-based transactions. The...

People.(HealthAmerica Credit Union appointed Delia Johnson)(Teachers Credit Union appointed Teresa Dahlgren)(Jeanne D'Arc Credit Union appointed Mark S. Cochran )
October 1, 2007... HealthAmerica CU, Jacksonville, Fla., named Delia Johnson human resources and training manager. Keesler FCU, Biloxi, Miss., named Tina Nail Seaway branch manager, Jada Foster assistant manager, Vicki Bush D'Iberville branch manager and...

Member Guilty Of Loan Fraud.(KeyPoint Federal Credit Union )(Brief article)
October 1, 2007... BATON ROUGE, La. -- A member of KeyPoint FCU was convicted of a business loan fraud that enabled her to obtain almost $3 million in federally guaranteed loans allotted to victims of Hurricane Katrina. Prosecutors said Keryn Goynes, 48, lied...

SECU Eyes Housing For Teachers.(North Carolina State Employees CU )(Brief article)
October 1, 2007... MANTEO, N.C. -- Representatives of North Carolina State Employees CU are talking with Dare County officials to expand the giant credit union's affordable housing program for teachers, piloted in nearby Hertford County earlier this year. A...

Tech CU Launches Mobile Banking.( Technology Credit Union)(Brief article)
October 1, 2007... SAN JOSE, Calif. -- Technology CU became the latest credit union to offer its members access to their accounts and transaction ability over cell phones and other mobile devices. The new service, offered through MShift, will allow members of...

READER RESOURCES.(Editorial)
October 1, 2007... Credit Union Journal Subscribers can access all content from the print edition every Monday simultaneously with its publication at www.cujournal.com. Additional resources include: * Front-page news stories are accessible by clicking on the...

Corporates Say CUs In Position To Profit From Interest Rate Change.
October 1, 2007... SAN DIMAS, Calif. -- The stock market jolted up following the Fed's decision to cut rates by 50 basis points, but at least one industry could see a longer-term benefit from the move: credit unions. Dwight Johnston of WesCorp FCU here said...

Members United Corp Launches Health Network.(Members United Corporate Federal Credit Union)(Brief article)
October 1, 2007... WARRENVILLE, Ill. -- Members United Corporate FCU has launched a new, wholly-owned subsidiary, Members Health Network, LLC, which will help facilitate the introduction of Health Savings Accounts at credit unions. Members Health Network is...

S&P Rates WesCorp, Gives 'Stable' Outlook.
October 1, 2007... SAN DIMAS, Calif. -- WesCorp FCU said credit ratings service agency, Standard & Poor's (S&P), affirmed its long-term credit ratings (AA-/Stable/A-1+) and gave the corporate credit union a "stable" outlook. S&P said the ratings are based on...

Constitution Processes BofA Check Images.(Constitution Corporate Federal Credit Union )(Bank of America )(Brief article)
October 1, 2007... ATLANTA -- VSoft Corp announced that Constitution Corporate Federal Credit Union (Constitution), a New England-based cooperative wholesale financial institution with assets of $2 billion, has successfully processed incoming image files from...

Africa's Regulators Meet For First Time.
October 1, 2007... NAIROBI, Kenya -- Forty-eight attendees from seven African countries attended the inaugural African SACCO Regulators' Roundtable here. According to the World Council of Credit Unions (WOCCU) and the Canadian Co-operative Association (CCA),...

Global Credit Union Assets Surpass The $1 Trillion Mark For The First Time.(Statistical data)
October 1, 2007... MADISON, Wis.-For the first time in history, global credit union assets have now surpassed $1 trillion. That's according to the World Council of Credit Unions, which has released its 2006 Statistical Report. That report found that global...

CU Gains Ground-Floor Advantage In Planning Student Branch.(LOC Federal Credit Union)(Howell High School )
October 1, 2007... HOWELL, Mich. -- Student branches are nothing new to credit unions, including LOC Federal Credit Union, which already supports 10 limited-service student operations, But the opportunity the $120-million community credit union was given to...

Homeownership For The Birds: SECU Helps Feathered Friends.
October 1, 2007... Raleigh, N.C. -- State Employees' CU advocates homeownership not only for its members, but also for the area's wildlife population. SECU is cashing in on the bluebird housing market, which has been literally soaring in sales since 2002,...

Worth Noting.
October 1, 2007... SCFCU Recognized By SCBIZ NORTH CHARLESTON, S.C.-South Carolina Federal Credit Union has been named one of the Best Places to Work in South Carolina by SCBIZ. The Best Places to Work program recognizes 20 companies that provide the...

Expert Says For Best Results, Mix And Match 'Executive Skills' To Jobs, Tasks.
October 1, 2007... LAS VEGAS -- "Executive skills" are not limited to executives, but they do map neatly to characteristics needed in the workplace, according to the author of books on success in business. Chuck Martin, chairman and CEO of Madbury, N.H.-based...

CUs Learn To Spot Problems When Examining Balance Sheet Risk.(Conference notes)
October 1, 2007... LAS VEGAS -- Every credit union seeks to minimize risks in its balance sheet, and participants in a WesCorp-led workshop here learned how to spot potential problem areas. Brad Cunningham, WesCorp's vice president of financial consulting...

Now In The Market.(Automotive Dealer Resources Teams with Wolters Kluwer)(Ohio Catholic Federal Credit Union hired MRG Document Technologies)(Sedona Corp. Signed Ball State Federal Credit Union)
October 1, 2007... ADR Teams with Wolters Kluwer MINNEAPOLIS-Wolters Kluwer Financial Services announced that business forms vendor Automotive Dealer Resources, LLC will expand its product offerings to include Wolters Kluwer Financial Services' preprinted...

Searching For A Product Or Service Provider? New Tool Has The Answers.(Editorial)
October 1, 2007... WEST PALM BEACH, Fla. -- Searching for a provider of a particular product or service for your credit union? A new tool is available to help guide those decisions. Now on www.cujournal.com is a complete list of providers by business line...

Solution Eyed For IPO Scheming.(Initial Public Offering )(Brief article)
October 1, 2007... ALEXANDRIA, Va. -- Steven Bisker is no Johnny-come-lately to the conversion game. The former NCUA attorney has been fighting for years to stop credit unions from converting to mutual savings banks, and has been instrumental in blocking...

Visa Unveils New Payment Device.(Brief article)
October 1, 2007... SAN FRANCISCO -- Visa rolled out a new "fob" payment device, no bigger than your thumb, which can be used to replace the ubiquitous credit/debit card. The Visa Micro Tag is designed to attach easily to a key ring, and allows cardholders to pay...

Zag Gets $13.5M In New Funding.(Brief article)
October 1, 2007... SANTA MONICA, Calif. -- Zag, the parent of Autoland, a popular online car buying service for credit unions, has received $13.5 million in new equity financing. The company plans to use the additional capital to expand its offerings, including...

NCR Completes Teradata Spin-Off.
October 1, 2007... DAYTON, Ohio -- NCR Corp. is spinning off its Teradata warehousing division into a separate company, leaving its core financial self-services unit on its own again. Teradata's stock will trade on the New York Stock Exchange under the...

Cal State 9 CU Cited By Agency.(Brief article)
October 1, 2007... CONCORD, Calif. -- State regulators have issued a cease and desist order against financially ailing Cal State 9 CU, which racked up $9.1 million in losses in the first half of the year. The credit union reported more than $26 million in...

Erie FCU Receives $10,000 Grant.(Erie Federal Credit Union )(Brief article)
October 1, 2007... ERIE, Penn. -- Erie Federal Credit Union said it has received a $10,000 grant from the Pennsylvania Credit Union Foundation to fund its financial education program. The credit union announced it has partnered with the Erie Times,...

Horizon FCU Pampers Its Pets.
October 1, 2007... WILLIAMSPORT, Penn. -- Horizon FCU is holding a Pampered Pet contest at each of its branches. Members can enter their pet by submitting a photograph and two items from the Lycoming County Society for the Prevention of Cruelty to Animals'...

CUs Employing Strategies To Monitor Credit Quality.
October 8, 2007... SAN JOSE, Calif. -- Credit quality at credit unions has yet to suffer some of the declines being seen in other markets, but that isn't to say loan officers aren't keeping an eye out for pink flags that might turn red. Credit Union Journal...

Missoula FCU Seeking To Live In Glass House-Literally.
October 8, 2007... MISSOULA, Mont. -- While some businesses may be accused of having a glass ceiling, one Montana credit union will be among the first to install a glass floor, and it will require the help of its members to do so. Missoula Federal Credit...

Billion-Dollar Payout Awaits CUs: Visa IPO Is Expected To Be Even More Lucrative Than MasterCard's IPO Was.
October 8, 2007... SAN FRANCISCO -- The credit union movement is headed for one of its biggest paydays ever-as much as $1 billion worth of stock in Visa Inc.-when the cards giant goes public later this year. "This is big, big money," said Dallas Bergyl,...

CUs Explore What Member Access Reg Will Really Mean.
October 8, 2007... ALEXANDRIA, Va. -- Now that NCUA has enacted new rules to provide greater "transparency" in CU operations, just what will it mean in practice? The rules, approved by the NCUA board Sept. 27 after months of debate and credit union...

Bill Would Decimate Courtesy Pay.
October 8, 2007... WASHINGTON -- A bill aimed at reforming abusive overdraft protection practices could reform the service right out of credit unions-eliminating an important source of non-interest income for many CUs. The Consumer Overdraft Protection Fair...

On Deadline.
October 8, 2007... Buyout Group Lowers Offer For Sallie Mae WASHINGTON-The buyout group that had made an offer to buy Sallie Mae has lowered its offering price to $50 a share, down from $60 per share. However, the same group said it would improve the offer in...

Members Still Turning To CUs For Loans, August Stats Show.
October 8, 2007... MADISON, Wis. -- Members continued to turn to their credit unions for loans during August. Analysis released by CUNA reveals lending at credit unions was up 1.3% during the month and up 6.7% over the 12 months that ended Aug. 30. Overall,...

Hyland Leads Final Outreach 'Town Hall' Meeting: Work Begins on Report.
October 8, 2007... ALEXANDRIA, Va. -- NCUA's Outreach Task Force, charged with evaluating the Member Service Assessment Pilot, is working on putting together its report now that all six of the group's "town hall meetings" in various locations throughout the...

Two CU Innovations Are Honored As Best Practices.
October 8, 2007... INDIAN WELLS, Calif. -- The CUNA Operations, Sales and Service Council named Spokane Teachers CU and Ascend FCU winners of the OpSS Council's Best Practices Awards for sales and service management and branch design, respectively. The...

Worth Noting.
October 8, 2007... CUAO CEO Gene Poitras to Retire BEAVERTON, Ore.-Long-time credit union veteran Gene Poitras, president of the Credit Union Association of Oregon, will retire Nov. 30. Poitras joined CUAO in 1975, and in February 1993 was named president of...

Member One, Collegiate Funding Partner To Promote Saving For College Tuitition.
October 8, 2007... ROANOKE, Va. -- Brad Boothe sees saving for college as one more step on the road to financial literacy, a road Member One Federal Credit Union is committed to making available to as many of its members as possible. To that end, Member One...

PULSE Launches Neural-Network-Based Fraud Detection System.
October 8, 2007... HOUSTON -- PULSE launched its new neural network-based fraud detection system across its entire network last week, following a three-month beta development program involving 14 financial institutions. DebitProtect provides risk-scoring for all...

Now In The Market.
October 8, 2007... Wolter Appointed to CO-OP Board BIRMINGHAM, Ala.-Gary Wolter, CEO of the Alabama CU League (ACUL), has been appointed to the board of directors of CO-OP Financial Services. Wolter, a credit union industry veteran with more than 45...

Good At Telling Your Story? Then Enter The Frankie Awards.
October 8, 2007... Does your credit union have various programs in place to help members with the various "steps" in their lives? Chances are you do. But does your CU also let those same members do your marketing for you by offering in-branch testimonials on how...

Calendar.(Calendar)
October 8, 2007... OCTOBER Oct. 16-19 NAFCU Regulatory Compliance Seminar and Track II Compliance Program, Omni Hotels, Austin, Texas. For info: 888-336-4644 or www.nafcu.org. Oct. 26-28 Kentucky Credit Union League Annual Meeting, Marriott...

Boost The Bottom Line By Cutting Expenses And Learn To Do More With Less.
October 8, 2007... In recent months credit unions have found it difficult to improve their margin position - the difference between what is earned on loans and investments and what is paid on members' deposits. Competition from mortgage lenders and auto...

Pushing Through Doors Of All Sorts Is Only Way To Success.
October 8, 2007... A few months ago I had the pleasure of visiting Boston for the first time. Not having ever been to Boston, I chose to hit the streets and begin my aimless pursuit of a mug of Boston's finest. As I was strolling through Boston Common dodging...

What Credit Unions Are Saying.
October 8, 2007... WEST PALM BEACH, Fla. -- CU Journal gives readers the opportunity to weigh in on a variety of issues. Below are the results of a recent online poll. To add your two cents or see past surveys, visit www.cujournal.com. CU JOURNAL ONLINE...

CU Responds To Member Misunderstandings About Wait Times And Other Issues.
October 8, 2007... Frank Diekmann's column in the Sept. 17 issue of the Credit Union Journal referenced bloggers on the Internet who had written, "I hate my credit union." I'd like to add my own personal perspective. Apparently these individuals were incensed...

What Credit Unions Are Saying.
October 8, 2007... WEST PALM BEACH, Fla. -- CU Journal gives readers the opportunity to weigh in on a variety of issues. Below are the results of a recent online poll. To add your two cents or see past surveys, visit www.cujournal.com. CU JOURNAL ONLINE...

How One Small CU Tackled Its Biggest Enemy: Itself.
October 8, 2007... MERIDIAN, Miss. -- Frank Besecke describes himself as a "hands-on CEO," a trait that may have been especially useful when he took over the reins of 1st Mississippi FCU four years ago. Although the $39.8-million CU already was on the road to...

Chihuahuas Bite Back CUJ Series On Thriving Small CUs.
October 8, 2007... CU Journal explored the advantages larger CUs have over their smaller brethren. Now, CUJ focuses on how some small CUs are not only surviving, but thriving. Growth By The Numbers 6/05 6/06 6/07 ...

Credit Unions In The Media.
October 8, 2007... In a story on local financial institutions and the advice they provide, the Harrisburg Patriot-News included Belco Community CU and Pennsylvania State Employees CU, along with PNC Bank. The story focused on helping consumers distinguish between...

Now In The Market.
October 8, 2007... FICS Signs Financial Plus FCU DALLAS-Financial Industry Computer Systems Inc. (FICS) announced that Flint, Mich.-based Financial Plus FCU has upgraded its mortgage loan origination and servicing infrastructure with the successful...

Where Two Analysts See More Opportunities For CUs In Mortgages.
October 8, 2007... LAS VEGAS -- The "Perfect Storm" that is today's mortgage market is a "once-in-a-lifetime opportunity" for credit unions, according to two lending consultants. "There are huge opportunities for credit unions, especially in markets such as...

Give The People What They Want - And What They Want Is Business Loans.
October 8, 2007... AUSTIN, Texas -- There are a number of compelling reasons to offer business loans-diversification of asset and member base, potential fee income and the like-but perhaps the most compelling reason of all: members want them. Just ask Steven...

Now In The Market.
October 8, 2007... LSI Hits 10,000 Loan Application ELGIN, Ill.-Lending Solutions Inc. (LSI) announced that it has processed its 10,000th first mortgage loan application for 2007. In other developments, LSI announced it was named the largest call center...