NEW YORK - CarDay Inc. here, an auto buying service that combines bricks with clicks, has partnered with AutoValueCenter, Butler, Pa., a car buying firm that assists CUs in providing financing for autos bought at dealerships, to bring members more access to purchase certified used cars using credit union financing....
TALLAHASSEE, FL - Southeast Corporate Federal Credit Union has announced a number of new senior staff hires. They include the following: Kay Moon, Senior Vice President - Correspondent Services; Barry Haddix, Vice President - Information Technology; Lisa Coffey, Vice President - Item Processing; and Jason Norton, Vice President/ Marketing. Interestingly,...
WASHINGTON - More and more households are turning to check cashing stores, payday lenders and pawnshops to meet their financial needs in part because the `fringe lending' industry is quickly becoming an outlet for one-stop shopping. This according to a recently released report by the Fannie Mae Foundation titled "Financial...
HOUSTON, Texas - The Credit Union of Texas recently unveiled its new interactive Web site at www.cuoftexas.org. A variety of online services are an integral part of the design including home banking, wireless banking, bill payment, auto-market sales and leasing, several calculators, as well as online applications for loans, membership,...
WAUKESHA, Wis. - Call_Solutions has acquired Advanced Response Marketing, Inc. (ARM) of Dallas, Texas, a marketing agency specializing in direct mail campaigns for Fortune 1000 companies. Its clients include American Airlines, Dillards Department Stores, Federated Stores, GE Capital Corporation, The Home Depot, and others. According to Call_Solutions, this acquisition helps...
In a recent column ("NAFCU's Strengths and Weaknesses"), Mike Welch makes the point that NAFCU is a direct membership organization, but he then goes on to add, "credit unions are members, not leagues as in the case of NAFCU's rival CU trade group CUNA." As chairman of the CUNA Renewal...
WASHINGTON - The following are some key points culled from the FFIEC's guidance on authenticating users online. NCUA is expected to release a Letter to CUs on the issue later this year. Secure password measures: * Six character passwords that are alpha-numeric can be more effective than the common four...
RALEIGH, N.C. - Thad Woodard, president, North Carolina Bankers Association accused credit unions of making it "abundantly clear the message.to Congress, state legislatures, federal and state regulatory agencies, and the public: `The rules don't apply to us.' " In his letter to the editor in the Aug. 20 issue of...
SOUTH MILWAUKEE, Wis. - As the father of two sons, ages 4 and 6, Ted Jarosh has literally been preparing for the day when both children would start school. The president/CEO of Kyle Central Credit Union made up his mind early on that he would take an active part in...
VOGELWEH, Germany and PORTSMOUTH, N.H. - What happens when you are a healthy credit union with satisfied members, and then a large number of your members disappear for reasons beyond your control? That is what happened to Service Credit Union (SCU) at its branch in Germany when troop reductions forced...