FARMERS BRANCH, Texas - TCUL Lending Services used to offer its auto loan recapture program by accessing the Department of Motor Vehicle's database to find out which members financed auto loans from a source other than a credit union. The Gramm-Leach-Bliley Act put an end to that practice. Now TCUL...
A new association business structure has emerged that could potentially challenge the traditional thinking about credit union system organizations. For some, our success might point out credit union needs that have gone unfulfilled by the existing structure. It seems long-time credit union luminary and Credit Union Times publisher Mike Welch's...
WASHINGTON-Despite the reputation for many construction companies to overstay their welcome, CUNA's Credit Union House looks as if it will be ready in time for the September 11 grand opening. The house is being funded by credit union leagues that have invested in a limited liability corporation (LLC) on behalf...
PARIS - If the new technology has created opportunities it has also created legal problems and affected the way credit unions and all businesses operate. Because the Internet knows no borders, things like trademark issues can become major problems, said Eugenia Carter, an attorney with LaFollette, Godfrey and Kahn who...
INDIANAPOLIS - As another Internet solutions provider popular in the credit union space makes a deal to offer account aggregation to its clients, the question of member interest in the product remains. At press time,VIFI, Indianapolis, has partnered with aggregation firm uMonitor to offer aggregation to its 160 financial clients,...
WASHINGTON - Credit unions should not be limited in how they electronically communicate with their members for delivery of online financial services, say CUNA and NAFCU. In comment letters to the Fed, the two trades pounded home this point. Gramm-Leach-Bliley required that the Fed undergo a study and prepare a...
There are many reasons why e-mail marketing can be an effective channel for credit union marketers. Some of the benefits include: reduced cost (as low as pennies per message); the ability to target by segment; the ability to quickly test, measure and modify campaigns; and real-time response (e-mail programs generate...