THE NORTH POLE—It’s getting tougher these days for a True Love to give gifts for the 12 Days of Christmas—to say nothing of the challenges for any credit union that might attempt to provide financing.
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GALACTIC EMPIRE–It’s been a long, exciting trip across the galaxy for both credit unions and the Millennium Falcon since 1977. But which has travelled the furthest over that time: the movie series or credit unions?
JACKSON, Mich.–American 1 CU recently teamed with the local Jackson County Sheriff’s Office to turn traffic stops into holiday memories.
PETERBOROUGH, N.H.–One of the most profitable CU business lines coming out of the recession—credit cards—may be under pressure from the new risk-based capital rules, asserts one payments analyst.
TAMPA, Fla.—The chairman of the task force that originally recommended CUNA allow its member CUs a “choice” to belong to CUNA or their state league—a recommendation initially rejected by the CUNA board—does not foresee a large number of CUs abandoning dual membership even though the CUNA board has now reversed course.
LAKE FOREST, Ill.—Credit union overdraft revenue reached an all-time high in the third quarter, totaling $5.8 billion, according to the latest Moebs $ervices Overdraft Study.
WASHINGTON–The CUNA board has voted in favor of presenting to its affiliated member CUs the most significant revision of its bylaws since the association was formed in 1934.
FORT LAUDERDALE, Fla.–Brett Christensen doesn’t pull any punches: Most CUs have no idea what they’re paying to generate loans; most staff are lousy at it and need to be shown the door, and most of those branches aren’t needed–especially when it comes to lending.
WASHINGTON—What will the regulatory relief bills and other measures that are part of the transportation authorization bill just signed into law by the president mean to credit unions?
LAKE BUENA VISTA, Fla.–Which of these three responses is your credit union’s board making to the fundamental change taking place in financial services: