The following is an article submitted by Jeff Farver, President and CEO of San Antonia FCU. The wisdom for credit union executives is timeless:
As I previewed Chip’s “The Special Role of Cooperatives in a Crisis,” I reflected on the fact that as I start my 30th year in credit unions, I have weathered three major crises and spent at least 15 years leading credit unions that were technically insolvent or at best extremely undercapitalized. Read More
For plastic, the new rules go into effect in February as part of the Credit Card Act of 2009. The rules will limit some interest-rate increases, require more disclosure to customers and prohibit banks from raising interest rates on ...
While not mandated by the new Credit Card Accountability Responsibility and Disclosure Act, or “CARD Act, of 2009″ – which is set to take effect in February, 2010 – Bank of America's letter reflects the new law's purpose at making ...
The new Credit C.A.R.D. Act coming into force next month may well modify the fees associated with this card, but not necessarily the interest rate! In my wildest dreams, I did not see this card being well received, even by the “sub ...
This fall, I participated in an interview with Credit Union Magazine regarding ALM as a mechanism for easing the pain associated with NCUA assessments. With earnings for credit unions at an all-time low, share insurance fund assessments ...
Alexandria, Va., January 6, 2010 - NCUA Board Member Gigi Hyland today announced that the ”Member Business Lending: Regulators' Perspective” webinar is archived online at www.ncua.gov. The archive includes the actual webinar, ...
Adams Optimistic About 'Invest' in 2010Credit Union TimesIn December, credit union members purchased more than 14000 GM and Chrysler vehicles through Invest in American, a jump of 40% over November. ...
Ohio University CU Alliance Nurtures SEGsCredit Union TimesTo help expand its current select employee groups and create new relationships, the $241 million Ohio University Credit Union is ...Read More
In response to The Huffington Post blog, Credit Union National Association President Dan Mica posted on his blog, “Without question, financial consumers are angry at – and have lost their loyalty to – big banks. ...
This year, Dane County Credit Union (DCCU) sponsored me so I was able to go to Kamp again. At Kamp Kenwood, besides the regular camp activities: volleyball, swimming, campfires, skits and games, we learned about co-ops and Farmers ...
Premier Members Federal Credit Union's electronic newsletter which offers news & events about finances, investments and otherwise from the Boulder, CO based office.
“There's a new idea being pushed by some progressive activists: individuals with accounts at banks like Citigroup or Bank of America should take their money and move it into a local bank or credit union, where they are likely to pay ...
Last year was a strong one for the $1.3 billion Truliant Federal Credit Union's mortgage program and it stayed strong through December, the credit union reported. Truliant, headquartered in Winston Salem, N.C. closed 32% more mortgage ...
On the contrary, the swift passage of the Credit CARD Act of 2009 gave consumers, not businesses, life jackets and a better chance to survive the cold, oceanic currents. For whatever reason, small businesses have been overlooked when it ...
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