CreditUnions.com : Press Center

PM Systems Sees the Future, Creates Video Marketing Division

Wed, 10 Mar 2010 10:45:57 GMT

Company sees video as an innovative marketing channel playing a role in helping the financial industry continue to grow by attracting members across all age segments....[Read Full Release]

PSCU Financial Services Renews Chairman’s Roundtable Sponsorship With Filene Research Institute

Wed, 10 Mar 2010 10:39:47 GMT

– PSCU Financial Services announced today it has signed another three-year commitment as a Chairman’s Roundtable gifter for the Filene Research Institute. PSCU Financial Services, the nation’s largest CUSO, was the organization’s first Chairman’s Roundtable sponsor six years ago and its participation has encouraged contributions from other CUSOs and industry groups. The company’s funding will be used to underwrite research into innovative new products designed to meet evolving consumer finance n...[Read Full Release]

AFFINITY FEDERAL CREDIT UNION IN DENVILLE HOSTS BUSINESS NETWORKING EVENT

Wed, 10 Mar 2010 14:01:40 GMT

A networking event will be held for the Denville and Dover local business community, sponsored by the Denville branch of Affinity Federal Credit Union. Appetizers and beverages will be served....[Read Full Release]

AFFINITY FCU FOUNDATION OFFERS SCHOLARSHIP TO OFFSET RISING TUITION COSTS

Wed, 10 Mar 2010 14:00:16 GMT

At a time when tuition costs continue to rise, Affinity Federal Credit Union, New Jersey’s largest credit union, is once again accepting applications for its annual scholarship program. The program is funded by the Affinity Foundation, a 501(c)(3) charity corporation. ...[Read Full Release]

MEMBERS Development Company Announces New 2010 Board Officers

Tue, 09 Mar 2010 12:49:12 GMT

MADISON, Wis. - MEMBERS Development Company (MDC), a CUSO dedicated to research and development for the credit union industry, announces new officers of its board of directors. Dave Mooney has been named the chairman of the board. Charlie Mallon and Bob Petty have been elected to three-year terms on the board of directors. ...[Read Full Release]

PRIMARY FINANCIAL NAMES NEW BOARD MEMBER

Tue, 09 Mar 2010 08:30:52 GMT

WESTERVILLE, OH - Primary Financial Company LLC, a credit union service organization (CUSO) owned by twenty-seven corporate credit unions, recently appointed Mike Lee, Vice President, Member Relations, Midwest Region, Member’s United Federal Credit Union, as its newest board member. Lee replaces Lew Lambert, who had served on the Primary Financial board since 2003 and was the board chair at the time of his retirement....[Read Full Release]

PSCU Partners with American Red Cross to Save Lives

Mon, 08 Mar 2010 19:20:13 GMT

Walnut Creek, Calif., March 8, 2010 – For the past eight years, Pacific Service Credit Union has partnered with the American Red Cross Bay Area for the annual CPR Saturday events around the Bay. On Saturday, March 13, 2010, the Red Cross will provide free CPR training to more than 2,500 Bay Area residents at 10 training sites. "We support the mission of the Red Cross events to prepare citizens of our local communities to better respond to emergencies," said Steve Punch, president of Pacific...[Read Full Release]

Summit Credit Union One of First Madison-area Financials to Offer WHEDA 100% Home Financing Loans

Mon, 08 Mar 2010 17:45:51 GMT

MADISON, Wis. - Summit Credit Union has partnered with the Wisconsin Home and Economic Authority (WHEDA) to offer the new Fannie Mae Advantage mortgage, designed specifically for first-time home buyers....[Read Full Release]

TMG Adds Card Services Personnel

Mon, 08 Mar 2010 16:38:48 GMT

TMG (The Members Group) has added two employees to its Card Services division - Kathy Rhoads and Sandy Bland. ...[Read Full Release]

Tough economy, growing losses heighten focus on Allowance for Loan Loss policy

Mon, 08 Mar 2010 16:26:48 GMT

Washington, D.C. (March 8, 2010) – With escalating delinquencies and write offs, examiners and auditors continue to zero in on how credit unions determine their allowance for loan loss (ALL) – and whether those provisions are adequate. To help credit unions respond and ensure a well-thought-out strategy, Callahan & Associates has partnered with Sacher Consulting. Together, they are offering a comprehensive package that includes a customizable ALL policy, consulting and access to relevant webinar...[Read Full Release]

myCUmortgage pays its partners

Mon, 08 Mar 2010 16:11:41 GMT

FAIRBORN, Ohio (March 8, 2010) ? Payback is great, according to nearly 70 credit union partners of myCUmortgage® [www.mycumortgagepartners.com]. The credit union mortgage service provider paid more than $2.5 million to its partners in return for purchasing mortgage loans. ...[Read Full Release]

One small Change Can Reduce Expenses

Mon, 08 Mar 2010 15:31:15 GMT

One small Change Can Reduce Expenses And Help You GO GREEN Replace Expensive Drive-Thu Envelopes?? St. Charles, IL (March 8, 2010) – One small change to reuse in lieu of refuse is helping financial institutions across the country help the environment. For the last 30-40 years, financial institutions have been using single-time use paper drive-up envelopes to return receipts and/or money to their customers in drive-thru lanes. Not only is this a harmful to the environment but it is la...[Read Full Release]

Low Interest Rate Environment is Foundation for New Educational Series

Mon, 08 Mar 2010 15:27:58 GMT

With short term rates anticipated to be low for extended periods of time, managing credit union investments will require difficult decisions for credit union professionals. In an effort to educate the credit union community, Goldman Sachs Asset Management and the Trust for Credit Unions Mutual Fund Family are hosting an educational webinar series this spring titled: "Fixed Income University." ...[Read Full Release]

2010 Credit Union Cherry Blossom Run® Earns Support of 39 U.S. Senators, Representatives

Mon, 08 Mar 2010 15:00:54 GMT

Thirty nine members of the U.S. Congress have provided their support for the 2010 Credit Union Cherry Blossom Ten Mile Run® by signing up as Honorary Race Chairs. These legislators represent 22 states and the District of Columbia. The run will be held in the nation’s capital on Sunday, April 11. ...[Read Full Release]

Social Media is a Key to Member Engagement

Mon, 08 Mar 2010 13:57:30 GMT

Now is the time for credit unions to take full advantage of social media, says Market and Sales Logic CEO Kristin Witzenburg, publisher of Money Matters magazine....[Read Full Release]

CU Exec Cautions Time Running Out for Mortgage Tax Credit

Wed, 10 Mar 2010 13:42:39 GMT

For consumers thinking of a buying a new home, credit union executive recommends doing it sooner than April 30th, the better! As a large provider of mortgages in Franklin, Fulton and the Borough of Shippensburg in Pennsylvania and Washington County, Maryland, Patriot Federal Credit Union COO, Michael Silvers, wants home buyers to take advantage of the federal rebate program that ends April 30, 2010!...[Read Full Release]

DeepTarget Momentum Grows…Highest Adoption Rate Ever

Mon, 08 Mar 2010 11:45:32 GMT

Huntsville, AL, March 8, 2010 – DeepTarget Inc. (www.deeptarget.com) today announced that Colorado-based Electrical Federal Credit Union and Alabama-based Wolverine Credit Union have selected DeepTarget OLB for targeted marketing within their online banking environment. They join ten other recent customers with EPL’s online banking platform. In addition, other EPL clients are currently in the evaluation phase for DeepTarget. Todd Proulx, EPL’s Vice President of Sales, said "DeepTarget is ...[Read Full Release]

CUSO Helps Credit Unions Promote 'Locally-Owned'

Tue, 09 Mar 2010 15:09:58 GMT

Xtend, Inc., a Grand Rapids, Michigan-based multi-owned cooperative CUSO, recently helped thirty credit unions get the message out to members reminding them of the importance of supporting locally owned financial institutions for all of their savings and lending needs. On February 18th, more than 125,000 electronic communications were delivered to members of those thirty credit unions nationwide through a combination of Email and online banking messages. ...[Read Full Release]

eDOC Leverages Strategic User Group

Tue, 09 Mar 2010 15:07:21 GMT

eDOC Innovations, a leading e-Document management CUSO serving over 400 credit unions nationwide, has announced the formation of its first peer User Group. Conceived through collaboration, eDOC’s User Group is currently composed of participants form thirteen credit unions that utilize eDOC’s "go green" solutions and the CU*Answers core processing platform. The User Group participates in web conferences monthly to brainstorm on ways to leverage the partnership and resources available from within ...[Read Full Release]

NASA Federal Credit Union Treasurer Remembered

Fri, 05 Mar 2010 16:26:05 GMT

Eugene Rosen Leaves Legacy of Impressive Credit Union Career...[Read Full Release]

Impara Joins ACG as Chief Financial Officer, Chief Operations Officer

Fri, 05 Mar 2010 13:49:04 GMT

Impara Joins ACG as Chief Financial Officer, Chief Operations Officer ATLANTA, GA — ACG, a trusted provider of cost-effective bank branch solutions to financial organizations since 1986, is pleased to announce that Dave Impara has joined our team as Chief Financial Officer (CFO) and Chief Operations Officer (COO). ...[Read Full Release]

Rockwell Joins ACG as Southeastern Account Manager

Fri, 05 Mar 2010 13:47:14 GMT

Rockwell Joins ACG as Southeastern Account Manager ATLANTA, GA — ACG, a trusted provider of cost-effective bank branch solutions to financial organizations since 1986, is pleased to announce that Alison Rockwell has joined our team as an Account Manager. ...[Read Full Release]

Morphis Currency Supply Chain Management Software Compatible with Windows 7

Fri, 05 Mar 2010 13:41:47 GMT

DALLAS, TX — Morphis® Inc., the world leader in global currency supply chain management software, today announced that the newest version of its application, Morphis® 7.2, works with Microsoft Windows® 7. "When our customers choose to move to Windows 7 – we’re ready," said Doug Deitel, Morphis CEO. ...[Read Full Release]

Morphis Brings ATM Cash Forecasting to the Web

Fri, 05 Mar 2010 13:38:53 GMT

MorphisONLINE.com Delivers Low-Cost Solution for Financial Institutions and Businesses DALLAS, TX — Morphis® Inc., a leading global provider of currency supply chain and payment management software, today announced the immediate availability of MorphisONLINE/ATMCash, its new browser-based ATM cash forecasting tool. ...[Read Full Release]

Cardwell Upgrades Reporting Capabilities of its Strategy Execution Tool

Thu, 04 Mar 2010 17:48:30 GMT

Users gain easier access to the reporting tools within the web-based software. Organizations using COL will be able to better communicate, stay on schedule, and be accountable for pending projects....[Read Full Release]

Free Webinar: Reaching Your Credit Union Members Effectively with Email Marketing

Thu, 04 Mar 2010 17:47:42 GMT

Priority Integrated Marketing, in partnership with the Arizona Credit Union League, is offering a free webinar to CEOs and Marketing executives on Tuesday, March 16, 2010 from 10:00 AM - 11:00 AM MST. ...[Read Full Release]

Bay Federal Credit Union Announces Service Excellence Awards

Wed, 03 Mar 2010 20:49:56 GMT

Each year, Bay Federal Credit Union employees nominate a few exceptional coworkers for the Service Excellence Award, an honor that recognizes one or two Bay Federal employees for outstanding service to colleagues, Credit Union members, and the community. Carrie Birkhofer, President and CEO of Bay Federal Credit Union, announced the winners: Allen Wan and Jeffrey Reyes....[Read Full Release]

EasCorp Announces Remote Deposit on Android Phones

Wed, 03 Mar 2010 16:54:08 GMT

Eastern Corporate Federal Credit Union (EasCorp) and its wholly-owned subsidiary, Vertifi Software, LLC, (Vertifi) announced today that they have expanded their remote deposit capture service for smart phones, known as DeposZip Mobile™, by developing a downloadable software application for Google’s Android platform....[Read Full Release]

Jeanne D'Arc Credit Union Mourns The Loss of Two Board Members

Wed, 03 Mar 2010 14:15:56 GMT

Jeanne D’Arc Credit Union is mourning the passing of two of its distinguished Board of Directors, Mr. Andre Gagnon, Board Director 1974 - 2010 and Mr. Raymond Anstiss Sr., Board Director 1978 – 2010. "It has been a challenging couple of weeks as we have lost two great men that helped shape Jeanne D’Arc Credit Union and were instrumental in our passion to serve members," said Mark S. Cochran, President and Chief Executive Officer of Jeanne D’Arc Credit Union. "We are thankful for their many...[Read Full Release]

Clayco Completes Second Green Facility for Gesa Credit Union

Wed, 03 Mar 2010 10:42:59 GMT

Clayco Inc. has announced the completion a new 5,600-square-foot branch in Kennewick, Wash., for Gesa Credit Union. Designed and built to rigorous Leadership in Energy and Environmental Design (LEED) standards for sustainable building design and performance, the branch features significant energy and water savings....[Read Full Release]

SECU Branch Features Artwork from Governor Morehead School

Wed, 03 Mar 2010 09:03:23 GMT

During the past year, State Employees’ Credit Union’s (SECU’s) 801 Hillsborough Street branch in Raleigh, NC featured an array of artwork created by a unique group – students from North Carolina’s Governor Morehead School for the Blind and Visually Impaired. The displayed artwork, from forty students in grades K-12, celebrated the extraordinary talents of the youth. The display was part of an ongoing project established by SECU in 2003, providing art teachers a forum to feature their school’s ...[Read Full Release]

JEANNE D’ARC CREDIT UNION OPENS OFFICE AT METHUEN HIGH SCHOOL

Wed, 03 Mar 2010 08:39:33 GMT

Jeanne D’Arc Credit Union announced today that it will open a new branch office at Methuen High School this winter. The High School is located at One Ranger Road. This is the fourth High School branch for Jeanne D’Arc Credit Union which will serve the financial needs of the school’s 2000 students, teachers, administrators and staff. The Credit Union’s partnership with Methuen High will offer students the unique opportunity to receive valuable financial education and hands-on training as part ...[Read Full Release]

ALM First hits road to help CUs manage risk, opportunties

Tue, 02 Mar 2010 15:32:43 GMT

To help credit unions better manage their risk and balance sheets in this time of unprecedented financial challenges, ALM First Financial Advisors, LLC is taking its expertise on the road. Through a series of half-day regional education sessions, ALM First, along with Mike Sacher of Sacher Consulting, will provide credit unions guidance on timely issues that influence their investment decisions and strategies. The regional sessions begin on March 16 and will run through throughout the year. ...[Read Full Release]

Altura CU Members Donate $42,000 for Haiti

Tue, 02 Mar 2010 12:20:39 GMT

Altura Credit Union presented a check to the American Red Cross on Friday, Feb. 26, for $42,000 for Haiti earthquake relief. The funds were contributed entirely by Altura’s members who answered the call of CEO Mark Hawkins who suggested in late January that each of the credit union’s members contribute $1....[Read Full Release]

TMG Rolls Out Speaker Roster for 2010 Client Conference

Tue, 02 Mar 2010 10:02:11 GMT

TMG (The Members Group) releases its 2010 Client Conference agenda aimed at following this year’s event theme: Future. Growth. Now. The agenda is composed of presentations tailored to TMG’s client base of financial institutions (FI) interested in enhancing their credit, debit and prepaid card programs. ...[Read Full Release]

Join Drew Brees and PEFCU for Charity Golf Outing

Tue, 02 Mar 2010 08:11:09 GMT

Join New Orleans Saints Quarterback and PEFCU Spokesperson Drew Brees for the 4th Annual Brees Dream Foundation Golf Outing presented by Purdue Employees Federal Credit Union (PEFCU) on Wednesday, June 23, at the Birck Boilermaker Golf Complex in West Lafayette....[Read Full Release]

Michigan First Credit Union Adds Features to Online Banking Services

Mon, 08 Mar 2010 13:05:44 GMT

Michigan First Credit Union (www.MichiganFirst.com) today announced recent enhancements to its online banking services, including new personal finance management (PFM) capabilities, such as Twitter alerts. Michigan First continues to look at new ways to make banking easy and convenient for its members....[Read Full Release]

Northwest Federal Credit Union Foundation Set to Award $90,000 in Scholarships

Fri, 05 Mar 2010 08:42:11 GMT

March 1st marks the beginning of Northwest Federal Credit Union Foundation’s (NWFCU Foundation) scholarship season. Running through April 15th, the NWFCU Foundation is set to award $90,000 through their two scholarship programs; the Ben DeFelice and the CIRA scholarships. Since the scholarship program’s first recipients were honored in 2005, the NWFCU Foundation has awarded a total of $239,000. ...[Read Full Release]

Sales To The Next Level

Mon, 01 Mar 2010 12:39:56 GMT

Sales To The Next Level,is designed to improve sales performance, analysis, coaching skills, and sales results. This exclusive event will be held at the Peabody Hotel in Little Rock, Arkansas April 25-28, 2010 and will include three full days of action-packed instruction and training tools from keynote speaker, Vice President Corporate Sales Manager of Seven Seventeen Credit Union, Kathy Cumberworth....[Read Full Release]

PSCU Financial Services Automated Messaging Notifies Members During Emergencies

Mon, 01 Mar 2010 12:15:06 GMT

Hurricanes, wildfires, storms, earthquakes, power outages or freeway closures. No matter what type of disaster occurs, PSCU Financial Services offers BCP Digital Messaging to alert credit union members. This message lets members know they can still access their accounts and perform financial transactions by directing them to an alternative branch or a credit union website. ...[Read Full Release]

Credit Union Interest in Offering Personal Financial Management Tools is on the Rise

Mon, 01 Mar 2010 08:11:53 GMT

WASHINGTON, DC – (March 1, 2010) – Personal finance management (PFM) tools are increasingly being used to cement the member relationship, and their momentum is building. According to Callahan’s 2009 Technology Survey, 29% of credit unions currently offer PFM tools and an additional 40% expect to offer them over the next two years. To help credit unions understand the benefits and options for offering personal financial management tools to members, Callahan & Associates is hosting the webin...[Read Full Release]

Credit Union Loan Originations Exceed $270 billion in 2009 – A New Record!

Mon, 01 Mar 2010 08:44:32 GMT

The nation’s 7,700 credit unions posted a new record in total loan originations by granting more than $271.3 billion in 2009, a 7 percent increase over 2008. New loans were extended to almost 20 million members while credit was being curtailed across the financial system. In a year when providing credit was the number-one economic policy priority for the country, total credit union loans outstanding set a new high of $580 billion....[Read Full Release]

MRI Study Shows Consumers Abandonding Short-term CDs

Mon, 01 Mar 2010 17:14:32 GMT

A new analysis from Market Rates Insight shows that short-term deposits of up to one year declined from $2,729 billion to $2,227 billion during 2009, a decline of $502 billion, or 18.4 percent. The move away from short-term deposit products shows that consumers have lost confidence in a near-term economic recovery....[Read Full Release]

Mortgage Center Radio Show Reaches Out to Homeowners

Mon, 01 Mar 2010 16:06:07 GMT

In a real estate market burdened with deflated home prices and foreclosures, Mortgage Center, a credit union service organization, has been offering free help for struggling homeowners. In a continuing effort to provide Michigan homeowners with honest, pressure-free, no-obligation advice, the Michigan-based company launched its first radio talk show, Mortgage Hour Radio. The program has become a sort of public service for folks seeking knowledge about modifying their loan. ...[Read Full Release]

ALM First passes $11.2 billion in funds under advisement

Mon, 01 Mar 2010 16:05:58 GMT

ALM First Financial Advisors, LLC, the nation’s largest financial advisory firm for credit unions, announced it now has more than $11.2 billion in funds under advisement. In the past year, ALM First has added 27 new credit unions, representing 134 clients, from 31 states. ALM First Partner Angela Calvert says she’s not surprised that, in today’s unprecedented market environment, more credit unions are seeking investment and balance-sheet management guidance from the advisory firm. ...[Read Full Release]

Pacific Service Credit Union Sponsors Kids Day 2010

Tue, 02 Mar 2010 17:49:28 GMT

Fresno, Calif., March 1, 2010 – Pacific Service Credit Union returns for the tenth year as a "Big Kid" sponsor of the 23rd Annual Kids Day event on Tuesday, March 9th. On Kids Day 2010 more than 4,500 volunteers from ten Central Valley communities will sell a special $1 Kids Day edition of The Fresno Bee to raise funds for the Children’s Hospital Central California. "Kids Day is a great way for our local communities to come together for a cause that benefits so many people right here in th...[Read Full Release]

NASA Federal Staff Take A Dip For Charity

Fri, 05 Mar 2010 16:29:47 GMT

NASA Federal Credit Union takes Polar Bear Plunge to supporting the Maryland Special Olympics. ...[Read Full Release]

Does Your Online Mortgage Application Meet RESPA 2010 Regulations?

Fri, 26 Feb 2010 14:12:27 GMT

Boston – March 1, 2010 – Is your web based mortgage application in compliance with new 2010 RESPA Regulations and FTC requirements? LendersLogic, Inc. today announced the release of LendersLogic v3.2 with new security and automated document management aimed at helping originators meet the new requirements....[Read Full Release]

Solutions in Finance Sees Q4 2009 Collections Consulting Biz Steady

Thu, 25 Feb 2010 20:25:50 GMT

Defying the 2009 recession in Q4, Solutions in Finance assisted five new credit union clients with its lending and collections expertise. ...[Read Full Release]

TobyFCU Attends 2010 Cuna GAC

Thu, 25 Feb 2010 14:36:12 GMT

TobyFCU Attends CUNA’s 2010 GAC February 25, 2010 - TobyFCU was proud to send four staff members to the largest annual gathering of credit union officials in the nation’s capital. CUNA (Credit Union National Association) hosted its 2010 Governmental Affairs Conference (GAC) February 21 – 25, 2010. Among attendance and pictured below are Nina Waskevich, TobyFCU Director of Marketing and Sales; Belinda Yandell, TobyFCU Lending Manager; Travis Frey, VP of I.T./Support/Lending; and James Kana...[Read Full Release]

Summit Credit Union Kicks Off Second 'Project Money' to Help People Achieve Financial Goals

Thu, 25 Feb 2010 14:33:15 GMT

MADISON, Wis. - Summit Credit Union is looking for four new individuals or families to participate in the 2010 Project Money competition to take ownership of their financial lives. Applications can be downloaded at www.summitcreditunion.com starting March 1st. The deadline for completed applications is March 31, 2010....[Read Full Release]

$40 Billion Navy Federal Renews BranchMap Contract with Code Green

Thu, 25 Feb 2010 14:20:59 GMT

With 180 branch offices and more than 40,000 ATM locations worldwide, BranchMap (www.branchmap.com) enables members to find online directions to the nearest Navy Federal branch or ATM. ...[Read Full Release]

To The Next Level Sales Training

Thu, 25 Feb 2010 11:21:27 GMT

Sales To The Next Level, is designed to improve sales performance, analysis, coaching skills, and sales results. This exclusive event will be held at the Peabody Hotel in Little Rock, Arkansas April 25-28, 2010 and will include three full days of action-packed instruction and training tools from keynote speaker, Vice President Corporate Sales Manager of Seven Seventeen Credit Union, Kathy Cumberworth....[Read Full Release]

ACCEL/Exchange® Network from Fiserv Has Record-Setting 2009

Mon, 01 Mar 2010 15:20:49 GMT

Fiserv, the leading global provider of financial services and technology solutions, today announced that its ACCEL/Exchange debit payments network saw record-setting growth in 2009 with nearly 960 million transactions processed in 2009, up nearly 40 percent from 2008. ...[Read Full Release]

EDCOMM BANKER’S ACADEMY UPDATES CREDIT UNION TELLER TRAINING PROGRAM FOR 2010

Wed, 24 Feb 2010 15:16:51 GMT

Edcomm Banker’s Academy has made recent updates to its Credit Union Teller training program for 2010....[Read Full Release]

New Branch GROWS Credit Union

Wed, 24 Feb 2010 14:44:34 GMT

LaGrangeville, NY – Having recently re-branded Bridgeway Federal Credit Union, formerly DOT Federal Credit Union, rolled out a new branch in LaGrangeville, New York in June 2009 that represented their new brand identity. In six months of opening this location, net membership growth was up 3% from 2008, which is 1.1% more than the average 1.9% according to CUNA’s Economics & Statistics Summary of Mid-Year 2009 Credit Union results....[Read Full Release]

COCC and Computershare Expand Clients' Communications with Consumers

Wed, 24 Feb 2010 12:21:20 GMT

COCC and Computershare Communication Services will help turn standard credit union communications, such as printed notices and statements, into revenue generators. New customization options will enable COCC’s clients to target their marketing messages to individual consumers. ...[Read Full Release]

San Francisco FCU Welcomes Two New Vice Presidents

Fri, 26 Feb 2010 14:48:30 GMT

San Francisco Federal Credit Union announced the recent additions of Vice President of Lending, Rebecca Reynolds Lytle, and Vice President of Strategic Development, Mark Michaels to the management team. "With the addition of these two newly created positions, we have greatly enhanced our team to meet the strategic priorities of the credit union," said President and CEO, Steven Stapp....[Read Full Release]

Space Coast Credit Union Expands Fiserv Relationship with New Services

Mon, 01 Mar 2010 15:25:29 GMT

Fiserv, the leading global provider of financial services technology solutions, today announced that Space Coast Credit Union, a $3.2 billion credit union headquartered in Melbourne, Fla., has signed a five-year agreement for services including debit, credit and ATM processing, online banking and electronic bill payment....[Read Full Release]

Fiserv Adds 116 Credit Union Clients for Card Services

Mon, 01 Mar 2010 15:23:18 GMT

Fiserv, the leading global provider of financial services technology solutions, announced today that 116 credit unions selected its credit and debit card solutions in 2009. ...[Read Full Release]

Credit Union-Issued Credit Cards Capture More National Media Spotlight

Tue, 23 Feb 2010 11:28:28 GMT

Hosting the CBS Evening News with Katie Couric on Friday, February 12, Michigan-based First Community Federal Credit Union received national attention for its revamped credit card program. With the help of Ondine Irving and TMG, First Community FCU recently restarted its credit card program after a sale of its portfolio more than five years ago. The complete segment can be viewed at http://bit.ly/bRcktM. ...[Read Full Release]

CO-OP Shared Branching Reaches Milestone With 4,000 Locations Throughout U.S.

Tue, 23 Feb 2010 05:17:05 GMT

Marking a significant milestone in convenience, members of participating credit unions now have account access to 4,000 CO-OP Shared Branching locations throughout the United States. In addition to the 4,000 physical, full-service shared branch locations, credit union members also have access at 2,300 CO-OP Shared Branching kiosk locations....[Read Full Release]

Summit Credit Union, State Central Credit Union Announce Merger

Tue, 23 Feb 2010 14:25:37 GMT

MADISON, Wis. - Summit Credit Union and Milwaukee-based State Central Credit Union today announced plans for an upcoming merger of the two organizations, anticipated to become effective in June of 2010. When the merger is complete, members of State Central Credit Union will become Summit Credit Union members....[Read Full Release]

46 Employees to Participate in CU*Lose Weight Challenge

Tue, 23 Feb 2010 13:30:00 GMT

The CU*Answers CUSO, headquartered in Grand Rapids, MI, has announced that 46 of its employees are registered to participate in a 12-week weight loss contest, dubbed the CU*Lose Weight Challenge. Loosely based on NBC’s popular "The Biggest Loser" hit, participants will by vying for their chance to win prize money ($1,500 for 1st place, $750 for 2nd, and $250 for 3rd) by losing the highest percentage of body weight during the 12 week challenge....[Read Full Release]

Jim Hansen Joins TMG Financial Services

Mon, 22 Feb 2010 15:25:18 GMT

Jim Hansen has joined TMG Financial Services as vice president of capital acquisition. In other TMG Financial Services news, Nick Evens from The Veridian Group (the CUSO holding company of Veridian Credit Union) in Waterloo, Iowa and Ron Hance from Heritage Family Credit Union in Rutland, Vermont joined the board of directors effective January 2010....[Read Full Release]

Xtend Selects Web Chat Partner

Mon, 22 Feb 2010 13:29:33 GMT

Xtend, Inc., a Grand Rapids, Michigan-based multi-owned cooperative CUSO, announced earlier this week that it will deploy the LIVECHAT Contact Center solution from European developer LIVECHAT Software for its web chat proof-of-concept project. During the selection process, Xtend evaluated several In-house and ASP chat solutions before deciding to move forward with the LIVECHAT enterprise solution. The CUSO plans to quickly deploy the LIVECHAT application to support its B2B (business-to-busines...[Read Full Release]

FSCC Shared Branching Network Unveils New Look and Redesigned Website

Mon, 22 Feb 2010 18:15:52 GMT

FSCC Shared Branching Network Debut a new brand image and website this week. The new interactive website features a media center, network operations, company profile, secure member log-in, and more....[Read Full Release]

Meriwest Announces Winners of High School

Tue, 23 Feb 2010 14:31:46 GMT

Meriwest Credit Union, one of Silicon Valley’s largest financial institutions announced the winners of the 2009 High School Essay Competition. The Annual Competition is designed to motivate and support high school students in grades 9-12 who are planning to continue their academic achievements in college. ...[Read Full Release]

CUBUS Solutions automates the deferred payment process

Fri, 26 Feb 2010 05:31:11 GMT

CUBUS Solutions, the software company that provides expert cost-saving and green business applications to Credit Unions, announced the launch of CUSkipAPay™, a software solution that integrates into a Credit Union’s core banking system to "de-manualize" the deferred payment service which many credit unions offer their members on credit cards and other debt instruments. ...[Read Full Release]

Fiserv Adds 30 Credit Union Account Processing Clients in 2009

Mon, 01 Mar 2010 15:28:20 GMT

Fiserv, the leading global provider of financial services technology solutions and the largest provider of business-driven technology solutions for credit unions, announced today that it signed 30 new credit union clients to contracts for its account processing solutions in 2009, including 11 new signings in the fourth quarter....[Read Full Release]

Cumberland County Joins eDOC CUSO

Mon, 22 Feb 2010 12:10:19 GMT

eDOC Innovations, a CUSO serving over 400 credit unions nationally with its widely known e-Document strategy solutions, announces that Cumberland County Federal Credit Union has joined the eDOC CUSO. Cumberland County, a $125 million credit union located in Falmouth, ME has over 14,000 members, and uses CU*Answers as its data processor. "Cumberland has been committed to ‘Going Green’ for many years and as technology has changed and grown in capability, we have found eDOC to be leading a progres...[Read Full Release]

School Receives Computers from Pacific Service Credit Union

Mon, 22 Feb 2010 12:07:19 GMT

San Francisco, Calif., February 22, 2010 – Mission Language and Vocational School, Inc. (MLVS) of San Francisco has received five personal computers from Pacific Service Credit Union. The PCs will be used to assist students preparing to enter the workforce and those that are transitioning to community colleges. In continuous operation for over 42 years, MLVS is dedicated to improving the socio-economic condition of limited or non-English speaking, low and moderate income Latinos and other un...[Read Full Release]

CO-OP Financial Services Adds New CO-OP My Deposit: Branch

Mon, 22 Feb 2010 09:40:58 GMT

CO-OP Financial Services, the industry leader in access and convenience products for credit unions, is expanding its suite of check imaging solutions to include CO-OP My Deposit: Branch. This new product allows credit union partners to batch and electronically submit deposited checks for clearing....[Read Full Release]

Xtend Assists CU Invest in Their Members

Mon, 22 Feb 2010 13:27:24 GMT

Xtend, Inc., a Grand Rapids, Michigan-based multi-owned cooperative CUSO, was selected by Rogers City, Michigan-based Calcite Credit Union to co-develop and execute their 2010 marketing plan. The plan was completed and rolled out to the credit union staff at their annual staff meeting in late January. ...[Read Full Release]

CHILDREN'S MIRACLE NETWORK TO HOST COMPLIMENTARY CREDIT UNIONS FOR KIDS CAUSE MARKETING WORKSHOP

Mon, 22 Feb 2010 13:12:31 GMT

SALT LAKE CITY (Feb. 22, 2010) — Children’s Miracle Network announced today a complimentary Credit Unions for Kids Cause Marketing Workshop to be held Nov. 10, 2010. The workshop, presented by CO-OP Financial Services, will be held during the Children’s Miracle Network’s annual Celebration event at Walt Disney World in Orlando, Fla. ...[Read Full Release]

eDOC Offers 'Image Now' Paper Conversion Service

Mon, 22 Feb 2010 12:11:06 GMT

eDOC Innovations, a leading e-document management and strategic collaboration CUSO, announces its new paper conversion service, Image Now. As credit unions ‘go green’ they are faced with the formidable task of managing their old paper based operations. eDOC offers a complete paper conversion service that reduces the cost, time and energy for credit unions to go paperless in their operations. ...[Read Full Release]

CUES and Currency Marketing Partner on New Program for Emerging Industry Leaders

Fri, 19 Feb 2010 11:50:08 GMT

MADISON, Wis.— The Credit Union Executives Society is partnering with Currency Marketing, Chilliwack, British Columbia, Canada, the experts in social media challenge marketing, to develop a program for the industry’s emerging leaders. ...[Read Full Release]

Top 5 NCUA Examination Areas for 2010

Fri, 19 Feb 2010 16:52:45 GMT

Jeromie Jackson announced today the release of the NCUA Top 5 Examination Focus Areas for 2010. A board of examiners from across the United States identified the key areas of examination for 2010. The list will aid credit unions in preparing for their exam....[Read Full Release]

Connect with Leaders February Webinar Discusses Benefits of Individual Dialogs

Fri, 19 Feb 2010 16:50:51 GMT

Cardwell hosts its complimentary webinar Feb. 25 at 1:30 (EST), to improve communication channels through individual dialogs. To register for the 30-minute webinar, visit: https://www2.gotomeeting.com/register/432673275....[Read Full Release]

SECU Members provide 0% Construction Financing for new With Friends Home in Gaston County.

Fri, 19 Feb 2010 14:02:14 GMT

State Employees’ Credit Union (SECU)members, via the SECU Foundation, are providing a 0% $500,000 construction loan for a new With Friends Residential Maternity Home in Gaston County, North Carolina. Through a partnership with North Carolina Housing Finance Agency (NCHFA), the SECU Foundation loan will provide an estimated savings of $30,000 - $40,000 for With Friends, Inc., a non-profit serving youth who are homeless, runaways, or in crisis because of family dysfunction or lack of connections ...[Read Full Release]

San Francisco Fire CU Becomes 100th Client for CU Student Choice

Fri, 19 Feb 2010 13:51:02 GMT

Washington, D.C. (February 18, 2010)—Credit Union Student Choice, a credit union service organization (CUSO) that provides turn-key private student lending services to credit unions across the country, announced that San Francisco Fire CU has become the 100th credit union to join the CUSO’s student lending network....[Read Full Release]

MRI Analysis Reveals Short-Term Bank Deposits Offer Negative Yield

Thu, 18 Feb 2010 02:29:00 GMT

Latest Market Rates Insight Study Indicates 12-month CD Opened in January 2009 Has Return of -1.13% When Adjusted for Inflation...[Read Full Release]

ECS Names Credit Unions for Kids as Charity Drive Recipient

Thu, 18 Feb 2010 01:16:36 GMT

For each credit union that completes The Survey, ECS will donate a specified dollar amount to the Credit Unions for Kids program....[Read Full Release]

TruMark Financial® Credit Union donates $1,662 to the American Red Cross

Thu, 25 Feb 2010 09:11:23 GMT

TruMark Financial Credit Union employees raised $1,662 in support of the American Red Cross’ relief efforts to aid people affected by the Jan. 12 earthquake that devastated Haiti. The credit union raised the funds by relaxing its dress code on Friday, Jan. 22, and Friday, Feb. 5, and allowing employees to wear jeans in exchange for donations. The funds raised will help provide earthquake victims with immediate needs such as food and water and long-term needs such as transitional shelter. The Ame...[Read Full Release]

CUDL CONTINUES GROWTH IN 2009, PAYS DIVIDEND TO SHAREHOLDERS

Tue, 23 Feb 2010 15:28:16 GMT

CUDL, which administers the nation’s largest auto lending network for credit unions, has announced that the company’s Board of Directors has approved a 3% dividend on the current share price of $1,000, totaling $1.4 million, to its 87 member credit union shareholders for the 2009 calendar year. CUDL has paid dividends to their shareholders for five consecutive years....[Read Full Release]

Michigan First Credit Union Launches Online Business Banking Service

Mon, 22 Feb 2010 16:34:22 GMT

Michigan First Credit Union (www.MichiganFirst.com) didn’t need the President’s recent State of Union Address to motivate its efforts to help small businesses. This week, Michigan First launched its online business banking Web site MichiganFirstBusiness.com specifically designed with small businesses in mind....[Read Full Release]

Fifth Third Processing Solutions’ CMC Signs Three Financial Institutions

Thu, 18 Feb 2010 11:17:24 GMT

Cincinnati, Ohio – February 17, 2010 – CMC, a business line within Fifth Third Processing Solutions, LLC is pleased to announce that the following financial institutions have signed contracts for card servicing relationships: ...[Read Full Release]

CHRISTIAN COMMUNITY CREDIT UNION DONATES $10,000 TO HAITI EARTHQUAKE RELIEF EFFORT

Fri, 19 Feb 2010 13:14:04 GMT

(San Dimas, CA, February 17, 2010) In response to the devastating earthquake in Haiti, Christian Community Credit Union donated $10,000 to American Baptist International Ministries to aid in Haiti disaster relief efforts. The amount will go towards food, water and medical supplies which are desperately needed at this time. ...[Read Full Release]

PLCU to participate in televised scholarship phone bank

Wed, 17 Feb 2010 17:00:47 GMT

SAN DIEGO, CA — Representatives from Point Loma Credit Union will discuss its college scholarship program and answer questions from viewers while participating in a Scholarship Bank broadcast on Spanish-language station Univision Channel 34, airing 6 pm to 7 pm Wednesday, February 24, 2010. ...[Read Full Release]

Subcat Releases Major Upgrade to its Teen Marketing Program

Wed, 17 Feb 2010 15:38:58 GMT

Subcat Marketing unveiled a major upgrade to its cooperative teen marketing and financial education program, Elements of Money™. The program provides credit unions with the resources needed to connect with today’s tech-savvy and social media minded teens. Features of the upgrade include a new logo and brand identity, redesigned website, social media integration, iPhone app, web analytics, and Twitter-based scholarship contest....[Read Full Release]

Rex Johnson and Lending Solutions Unveil New Scoring Model

Wed, 17 Feb 2010 15:27:47 GMT

Lending Solutions, Inc. is excited to announce Rex Johnson's new High Yield Lending Strategy (HYLS) scoring model. HYLS is the first of its kind - combining many often overlooked member qualifications with the credit score, providing a complete picture that Rex believes is a "virtual crystal ball" as to what the future credit score will be. Free HYLS webinar on March 25, 1:00 PM (CDT)....[Read Full Release]

Technology-Focused Credit Union Becomes Early Adopter of Akcelerant's Latest Loan Origination System

Wed, 17 Feb 2010 14:12:12 GMT

Akcelerant Software announced today an expanded relationship with Addison Avenue Federal Credit Union. Addison Avenue has been using Akcelerant’s premier software platform, the Akcelerant Framework, to manage collections since August of 2009. This new agreement will allow Addison Avenue to use their existing Akcelerant Framework platform for a dual purpose – to drive loan origination and implement powerful "next generation" lending features. ...[Read Full Release]

John Rhea Appointed to Georgia Central’s Board of Directors

Wed, 17 Feb 2010 12:35:58 GMT

Georgia Central Credit Union’s Board recently appointed John Rhea, CEO of Robins Federal Credit Union, to serve as a Director. Rhea will complete the unexpired term of Charm McCall, formerly of CSRA Credit Union, which merged with Associated Credit Union late last year. ...[Read Full Release]

CO-OP Financial Services Exhibits in Booth 309 at CUNA GAC

Wed, 17 Feb 2010 11:37:47 GMT

Using a novel combination of interactive video games, demos and prizes, CO-OP Financial Services will be exhibiting all five of its business lines for credit unions in booth 309 at CUNA GAC, Feb. 21-23 in Washington, D.C....[Read Full Release]

COMSTAR FCU Implements FICS’ Software to Service Freddie Mac Loans

Wed, 17 Feb 2010 10:36:08 GMT

Frederick, Md.-based COMSTAR Federal Credit Union, has implemented Financial Industry Computer Systems, Inc’s. (FICS®) mortgage software, Mortgage Servicer™, to automate and enhance the servicing of mortgages sold to Freddie Mac. Credit union executives said the ability to keep the servicing of these loans in-house by using Mortgage Servicer, and its strong integration with their core processing system, enables them to provide a heightened level of service by placing data at the fingertips of cr...[Read Full Release]

Complex Community CU Achieves 13 Percent Growth in Card Accounts

Tue, 16 Feb 2010 17:34:14 GMT

Complex Community Credit Union tapped its eight branches and 108 employees to grow its credit card portfolio significantly in 2009. Working with TNB Card Services, its card processor, the $244 million credit union’s efforts culminated in a 13 percent increase in new card accounts....[Read Full Release]

Pacific Service CU donates funds to The Bread Project

Tue, 16 Feb 2010 14:24:27 GMT

Walnut Creek, Calif., February 16, 2010 – The Bread Project in Berkeley has received funding from Pacific Service Credit Union to assist with plans expanding training and increasing bakery production capacity. The funding from the credit union will be used to purchase an industrial manual dough divider and work benches. "The Bread Project’s mission is to train low-income people for careers in the food industry so they have the skills and ability to earn a living wage. Nearly 75% of their gr...[Read Full Release]

SECU Partners on IDAs for Homeownership!

Tue, 16 Feb 2010 10:02:06 GMT

State Employees’ Credit Union (SECU) is pleased to announce its support of River City Community Development Corporation’s (RCCDC’s) efforts to assist eastern North Carolina residents in attaining homeownership, with grant funding from the North Carolina Department of Labor (NCDOL). The NCDOL grant will provide for the creation of new Individual Development Account (IDA) programs in North Carolina. SECU is poised to serve as the primary financial institution for the RCCDC program, opening IDAs f...[Read Full Release]

WEOKIE Credit Union Selects Clayco for Operations Center Project

Tue, 16 Feb 2010 09:53:37 GMT

Clayco Inc. was recently named design-builder for the new 22,000-square-foot operations center for WEOKIE Credit Union. ...[Read Full Release]

NACUSO Announces Washington DC Area for First Regional Meeting Site

Thu, 18 Feb 2010 13:05:46 GMT

The National Association of Credit Union Service Organizations (NACUSO) recently announced the Washington DC Area as the site for attending it's first Regional Meeting Series. The theme for the meeting is "Using Collaboration Strategies and Networked Business Design to Grow and Sustain Your Credit Union" and will be held at Northwest Federal Credit Union in Herndon, VA on March 10, 2010. Guy Messick, NACUSO's General Counsel, will be the presenter....[Read Full Release]

Repo Remarketing Executive Management Team Expansion Continues

Mon, 15 Feb 2010 18:53:14 GMT

Repo Remarketing Growth Expands Management Team Responding to its expanding market growth, Repo Remarketing’s Founder and CEO, Lance Gartner has added depth to his management staff. ‘It is my pleasure to announce that Claudia Plascencia has been promoted to the newly created Operations Manager position for Repo Remarketing. As Operations Manager, Claudia will oversee the overall day-to-day activities of the client services, administration, auction coordinator and auction block...[Read Full Release]

Kansas CUs Unite for Day at the Capitol

Thu, 25 Feb 2010 11:56:14 GMT

More than 175 people representing Kansas CUs gathered at the Kansas Statehouse to meet with legislators and discuss important issues affecting the state’s 106 CUs. The central theme for Kansas Credit Union Association’s annual Day at the Capitol: Credit unions – always a smart choice for consumers – are especially valuable in today’s economy....[Read Full Release]

ShiftHound Provides Credit Unions with Online Staff Scheduling Tool

Fri, 12 Feb 2010 16:59:34 GMT

ShiftHound allows managers to view valuable staffing information across multiple locations and departments online 24/7 through the interactive manager dashboard....[Read Full Release]

Caisse Horizon Credit Union Ltd. Selects Acumen from Fiserv

Fri, 12 Feb 2010 08:43:31 GMT

Fiserv Solutions of Canada Inc., a subsidiary of Fiserv, Inc. announced that Caisse Horizon Credit Union of Peace River, Alberta has chosen the advanced AcumenTM account processing platform. Caisse Horizon Credit Union chose Acumen based on the need for a core banking system with a solid technology roadmap and the ability to increase efficiencies and automation....[Read Full Release]

Corporate One and Multi-Bank Securities Partner

Wed, 17 Feb 2010 17:05:25 GMT

COLUMBUS, Ohio – Corporate One Federal Credit Union and the Pleasant Ridge, Michigan broker/dealer, Multi-Bank Securities, Inc. announced they have formed a strategic relationship effective March 1, 2010 to provide investment products and other securities-related services to credit unions. The new relationship will allow Corporate One to expand its credit union securities offerings to include negotiable certificates of deposit and funding resources. In addition, it also offers credit unions free...[Read Full Release]

Summit Credit Union Announces Winner of 'Project Money' Competition

Thu, 11 Feb 2010 12:33:47 GMT

MADISON, Wis. - After all is said and done, Summit Credit Union's inagural 'Project Money' competition made a huge difference in the lives of the four family participants, as well as community members who followed their progress during the seven-month-long reality-based financial challenge. Not only did they learn how to 'do more' with their money and achieve financial success, the four competing families collectivly boosted their savings by $8,927 and decreased their debt by $32,712....[Read Full Release]

TNB and its CU Clients Had Record Year in 2009

Mon, 15 Feb 2010 20:51:17 GMT

Electronic payments processor TNB Card Services today reported a record year of growth and credit and debit card usage in 2009 for its hundreds of credit union clients. TNB’s clients ended the year with an 11 percent increase in credit card accounts on file and net retail sales in excess of $1.5 billion, both record highs....[Read Full Release]

Cash Caddy helps Superior FCU save over $25,000 annually

Thu, 11 Feb 2010 11:23:29 GMT

Superior Federal Credit Union, located in Lima, OH, announced it is implementing the Cash Caddy™ product, from Recy, Inc, in all 9 locations. The Cash Caddy™ product is a reusable plastic container which replaces the use of expensive single-transaction paper drive –thru envelopes. Superior Federal Credit Union began working with Recy, Inc and its Cash Caddy™ product in late 2009. They were looking for new innovative ideas to "Go Green" and reduce supply costs. The Cash Caddy™ product helped ...[Read Full Release]

Pacific Service CU donates $10,000 to Haiti Earthquake Relief

Wed, 10 Feb 2010 14:32:31 GMT

Walnut Creek, CA, February 10, 2010 – Pacific Service Credit Union announced today a donation of $10,000 to assist with relief efforts underway in Haiti. The Credit Union has an extensive history of providing aid, including donations for relief efforts associated with the Twin Towers 9/11 terrorist attack, Hurricanes Katrina and Ike, the Northridge earthquake and Southern California firestorms. Through a long-standing relationship with the American Red Cross Bay Area Chapter, Pacific Service h...[Read Full Release]

First Credit Union Offers FREE Income Tax Preparation Assistance Again This Year

Wed, 10 Feb 2010 12:48:10 GMT

Chandler, AZ — First Credit Union is sponsoring two Volunteer Income Tax Assistance (VITA) sites again this tax season. VITA, an Internal Revenue Service (IRS) program, offers free tax help to low to moderate income families and individuals who need help preparing their tax returns. IRS-trained and certified volunteers will be staffing the two First Credit Union VITA sites. ...[Read Full Release]

Announcing the 2010 CUES Golden Mirror Awards Call for Entries

Wed, 10 Feb 2010 11:55:29 GMT

The Credit Union Executives Society invites credit unions of all asset sizes to submit their top promotional pieces from 2009 for the 2010 CUES Golden Mirror Awards. Save $30 per entry when submitting by the early-bird deadline of May 21, 2010....[Read Full Release]

DATCU Announces Promotions

Thu, 11 Feb 2010 15:28:33 GMT

DATCU announces four new promotions....[Read Full Release]

CUTEK and TraceSecurity Partner to Secure Membership and Loan Apps

Tue, 09 Feb 2010 19:45:41 GMT

The new partnership calls for TraceSecurity to run a penetration security test each time CUTEK implements its Nova and Loan Applications to ensure their safety for credit union member usage....[Read Full Release]

Xtend CUSO Fills Open Board Seat

Mon, 22 Feb 2010 13:28:52 GMT

Xtend, Inc., a Grand Rapids, Michigan-based multi-owned cooperative CUSO, recently announced that Randall Trimm, CEO of Garfield Heights, OH-based Ohio Catholic Federal Credit Union has been appointed as its newest Board Director....[Read Full Release]