Indirect lending continues to be a hot button for credit unions - some can't live with it, others can't live without it. Despite CUs' misgivings about indirect lending, a growing number are participating in programs. Read about indirect lending and other auto lending and leasing news in a special report...
EUREKA, Calif. - In the wake of a wildfire that recently burned through the town of Weaverville, Coast Central Credit Union is lending a helping hand to residents here. The $395 million credit union has implemented a fire-assistance program where members can take advantage of a 5% loan up to...
MADISON, Wis. - At press time, CUNA's Market Research Department released the 2001/2002 Credit Union Environmental Scan. Designed to facilitate strategic planning, the annual report surveys the credit union landscape in terms of demographics, marketing, finance and economics, technology, financial products and services, human resources, and legislative and regulatory issues....
JACKSONVILLE, Fla. - Add Jax Navy FCU's name to the growing list of federal credit unions that have broken rank and either already converted to a state-charter or have applications pending. Jax Navy FCU-the 15th largest credit union in the country with approximately $1.8 billion in assets and the second...
YUBA CITY, Calif. - Addressing the general concern among many volunteers that state league boards and policy committees representing credit union interests need better representation by volunteers, Sierra Central Credit Union, SAFE CU, Schools Financial CU and other Northern California CUs have been meeting to discuss the role of the...
WASHINGTON - Credit unions are still maintaining a healthy price advantage against banks with new auto loan rates, but the lending competitor on the block they should have their eye on is the captive financing company. Credit unions' new auto loan rates came down 64 basis points the first six...
MAYFIELD VILLAGE, Ohio - A Progressive Insurance telephone survey of 31,000 Americans finds that a large percentage of consumers are willing to cheat and commit crimes. The survey asked respondents not only how likely they would be to commit insurance fraud and other indiscretions if they knew they would not...
MADISON, Wis. - CUNA Mutual Mortgage has entered into a nationwide partnership with Financial Freedom Senior Funding Corp. to expand reverse mortgage lending opportunities for credit unions and members. Under the joint marketing agreement, Financial Freedom, an affiliate of Lehman Brothers, will work through its regional office network to offer...
Navy Federal Credit Union President Brian McDonnell raises a number of points about the Renaissance Commission and its deliberations in an Aug. 22 article in Credit Union Times ("McDonnell blasts some Renaissance recommendations"). For the benefit of my colleagues and acquaintances in the credit union community, I would like to...
WASHINGTON - The Renaissance Commission still has some work to do to win over credit unions if the results of Credit Union Times' unscientific online voting poll are any indication. The poll ended on Sept. 1. A total of 89 votes were cast. "The 96 suggestions from CUNA's Renaissance Commission...