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Communicating the CU Difference:
The Seven Cooperative Principles
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Communicating the Credit Union Difference
Seven Cooperative Principles
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The Cornerstone Credit Union League is saddened to announce that longtime employee Sandy Arnesen passed away on Nov. 20, 2015.
FAA Credit Union is charting a new course this month with a fresh name, True Sky Credit Union. Inspired by the organization’s aviation roots, the refreshed identity better positions the community credit union for continued growth throughout the Oklahoma City metro area. Immediate steps to launch the new branding for the company have begun.
The National Credit Union Administration, in its July board meeting Thursday, approved its 2017-21 Strategic Plan. The plan, first introduced for comment at its January 2016 open board meeting, summarizes internal and external factors affecting the agency and the credit union system, evaluates NCUA programs and risks, and provides goals and objectives.
When cash is tight, some people turn to payday and similar loans to make ends meet. Though these loans offer quick access to money, they often carry an average annual interest rate of over 300 percent, in addition to other fees. For some people these loans become debt traps.
A recent study conducted by TransUnion paints a worrying picture for certain sectors of the auto lending industry. The research by the credit information giant found that longer loan terms coincide with more risk and delinquency.
According to Fannie Mae, the economic growth outlook for the second half of the year remains unchanged from the prior forecast at about 2.0 percent, according to Fannie Mae's Economic & Strategic Research (ESR) Group's July 2016 Economic and Housing Outlook.
Credit unions can learn how to use social media to increase web traffic, improve brand identity, and boost lending during the National Credit Union Administration’s upcoming webinar, “Marketing – Effective Use of Social Media.”
New customer due diligence (CDD) regulations were effective July 11, 2016, and credit unions must comply by May 11, 2018. These regulations affect many areas of the credit union especially new member account opening processes. If you are a small or large institution you must comply with these new rules.
On July 20, at the 44th graduation ceremony of Southwest CUNA Management School, the 38 students of the Class of 2016 received their diplomas. The reception, dinner, and formal ceremonies were held on the Texas Christian University campus in Fort Worth, Texas.
Public voting has ended and CUES Next Top Credit Union Exec has announced its Top 15 applicants for 2016. CUES Next Top Credit Union Exec (NTCUE) competition, held in partnership with DDJ Myers and powered by Currency, searches for emerging leaders age 35 and under from within the credit union industry.
TrustUS Federal Credit Union of Midlothian and Texas Trust Credit Union of Arlington today announced that they will merge. The partnership between the two credit unions has been approved by regulators and by TrustUS FCU members and will fully commence when a new Midlothian branch opens in September.
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