*11,000 check-cashing outlets nationally process more than 180 million checks worth roughly $60 billion each year; *Payday lending grew nationally from 300 stores in 1994 to more than 8,000 in 1999; *12,000 to 14,000 pawnshops operate nationwide outnumbering credit unions and banks; *Between 1993 and 1998, subprime loans grew from...
Until now, credit unions have taken baby steps in socially responsible investing. Still industry watchers say that despite the beating mutual funds have taken over the past year, SRI is on the upswing, and credit unions may be the next group it attracts. What are SRIs and what is their...
ARLINGTON, Va. - Among the list of items the NASCUS Government Relations Committee is scheduled to take up at its next meeting during NASCUS' annual conference in September, is the bill-H.R. 2796 introduced by Ohio Republican Congressman Robert Ney-that would allow privately insured, state-chartered credit unions to become members of...
WASHINGTON - The National Cooperative Business Association, which led the charge to get the .coop domain name for cooperatives, has yet to find a CU organization to become a founder and act as registrant for CUs and the new .coop domain, but it is having luck in other areas. The...
LEAWOOD, Kan. - Gold Banc Corp., a parent company of Gold Bank seems to think that a slogan is worth more than money too. The Kansas City bank has filed a complaint in the U.S. District Court for the District of Kansas claiming the CUNA's National CU Brand Campaign slogan...
First Teachers Federal Credit Union, Schenectady, N.Y., has named Christine Perlee business development officer. Citadel Federal Credit Union, Thorndale, Pa., has named Michael B. Schnably vice president of marketing and training and John Stehman CEO of Citadel Financial Services, Inc. The New England Credit Union Heritage Foundation, Concord, N.H. has...
CAPE TOWN, South Africa - It's been a busy year for the Savings and Cooperative League of South Africa (SACCOL). Over the past six months 11 applications for membership have been received and seven have been accepted. SACCOL believes this is a great achievement by their members in financially empowering...
CORVALLIS, Ore. - Credit union data processor Summit Information Systems here has selected the Lutris Enhydra 3.5 platform to support the development and deployment of wired and wireless financial applications for its Summit Spectrum core processing system. Summit will use the Lutris Enhydra 3.5 platform for delivering applications to mobile...
SAN BERNARDINO, Calif. - Arrowhead Credit Union is taking its members down memory lane while making history as the first full-size branch to open in an auto dealership. The 3,300 square-foot branch is decorated with a "Route 66" theme and features a restored Tolkeim Fire Chief 300 gas station pumps,...
JEFFERSON CITY, Mo. - The state Credit Union Commission at a meeting Aug. 9 issued a written decision supporting its May 24 rejection of an appeal filed by the Missouri Bankers Commission on a ruling by the director of the state Department of Credit Unions granting a 3,000-member expansion exemption...