NORTHVILLE, Mich. - It's happened again. Add Michigan to the growing list of states that have enacted legislation providing a mechanism for state-chartered credit unions to convert to mutual thrifts. Less than two weeks after the Rhode Island state legislature passed similar legislation (CU Times, July 25), the Michigan House...
WEST PALM BEACH, Fla. - With the dot.com bust of 2000, it's become fashionable to rip online offerings, but a scan of the CU industry shows online offerings have become a staple of CU operations - they're just not getting the hype they once did. "Credit unions are doing a...
SAN DIEGO, Calif. - Two large San Diego credit unions have formally merged, creating one of the largest credit unions in San Diego County and which will likely catapult it into one of the top 25 credit unions in the state. The new institution, First Future Credit Union, is the...
We are witnessing the tremendous potential for a dramatic shift in the way financial services offered by credit unions are delivered to their members. The first leg of this journey began a decade or so ago when walk-in or drive-up members started banking by telephone and then later over the...
Headquarters: Harrisburg, Pa. (its only branch) Assets: $1.6 billion (No. 21 according to Callahan) Members: 275,000 Employees: 416 Web site: www.psecu.com President/CEO: Greg Smith (since 1991). "Our strategy is to be a low-cost provider. I'm absolutely certain technology helps us do that," said Smith.
Financial Network Investment Corporation, an investment and insurance provider, has named Stephen B. Benton, senior vice president of its financial institution division. Clarke American, a provider of checks and innovative products and services, has named Steven C. Wilson associate director of marketing for its credit union division.
Army Aviation Center Federal Credit Union, Daleville, Ala., has named Karen McCarthy Destin branch manager and Hugh Martin Ozark South branch manager. Educational Community Credit Union, Jacksonville, Fla., has named Frank Florio vice president of information technology. Arkansas Federal Credit Union, Jacksonville, has named Terry Borreson senior vice president of...