WASHINGTON - Real estate lending continues to proliferate as some credit unions explore options on how to apply the brakes to the demand, according to Callahan & Associates, Inc. The firm held its latest Trend Watch conference call on June 25 with more than 25 credit union executives and vendors...
MADISON, Wis. - Credit unions wanting more flexibility in pinpointing where their investments are structured based on market fluctuations have a new option. The National Credit Union Foundation (NCUF) and U.S. Central Credit Union are offering a three-year fixed rate, fixed term share certificate that will enable credit unions to...
WASHINGTON - As credit unions forge ahead in helping low-income members save for a new home, pay for education or start a business through individual development accounts (IDA), momentum is building to make these savings vehicles more widely available. The latest House bill, the Savings for Working Families Act (H.R....
PASCAGOULA, Miss. - Navy personnel from around the world who often spend months away at sea, now have a place to relax, get a bite to eat and build up their sea legs, thanks to a new United Services Organization (USO) facility built with the efforts and support of credit...
TAMPA, Fla. - At a time when credit unions were slow to or outright excluded from offering share drafts and credit cards, one trailblazer forged ahead when he learned the credit union he would soon lead was "shamelessly" behind the times. Ask anyone who knows George Hobar, 76, the former...
YONKERS, N.Y. - If the pending bankruptcy abuse reform bill that would require those who are considering filing for bankruptcy to seek out debt management counselors passes, it may overwhelm "underfunded" consumer credit counseling agencies, Consumer Reports magazine said in a June 11 audio conference. Last year, an estimated 3...
MILWAUKEE - Consumers who have misused their checking accounts or have been reported to ChexSystems for unpaid settlements are getting a second chance to make a fresh start thanks to a money management program. The Get Checking program started three years ago after discussions among Milwaukee's credit unions, banks, rental...
SACRAMENTO, Calif. - A bill that would allow state-licensed credit unions here to provide trust services without having to form a credit union service organization received overwhelming support from the California Assembly Banking and Finance Committee with a 51-6 vote. The Assembly passed AB 684, authored by Assemblywoman Christine Kehoe,...