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The Facebook page for Bank Transfer Day, Nov. 5, is garnering many comments that are favorable to credit unions.
With banks doing away with free checking and tacking on more fees, you may be able to get more bang for your buck with a credit union.
Banks are awash in cash, despite the fact that they’re paying pennies in interest. And increasingly, customers are being charged for services that used to be free.
As most credit unions continue to offer free debit card services, banks are just beginning to apply sometimes hefty fees to the popular service.
The National Federation of Community Development Credit Unions (Federation) has recently completed a new “Credit Union Foreclosure Intervention Toolkit” to help credit unions combat the foreclosure crisis in their communities.
Data breaches have overtaken the theft of physical assets as the No. 1 fraud type, with most data theft occurring in the financial services industry, according to Ken Otsuka, senior risk consultant for CUNA Mutual Group. Here are 6 steps to avoid devastating financial, reputation, and legal risks.
The United Nations earlier this year announced 2012 as the International Year of Cooperatives (IYC), a time to recognize the contributions of cooperative enterprises worldwide, including credit unions. World Council of Credit Unions (WOCCU) recently launched a special section on its website to provide a platform for credit union organizations to share ideas about cooperative services and ways to celebrate the U.N. designation.
The National Credit Union Administration’s (NCUA) management official interlocks rule prohibits members of a credit union’s management team from serving other nonaffiliated depository organizations, NCUA Associate General Counsel Hattie Ulan said in an agency legal opinion.
Credit union leaders should set aside personal investment biases and change their investment styles to build a solid investment portfolio, two MEMBERS Capital Advisors analysts told attendees at CUNA Mutual Group’s Online Discovery Conference.