Credit unions benefit young consumers11/19/2015First Capital Federal Credit Union business development rep Lisa Barshinger explains how young people can benefit from credit union membership.
What are credit unions and how do they work?11/18/2015Westerra Credit Union CEO John McCloy explains what it means to be a credit union member/owner in Denver’s ABC 7 segment ‘Managing Your Money.’ Since credit unions are not-for-profit financial institutions, there are no outside stockholders within the financial institution. Decisions are made by a volunteer board elected by their members.
Fox Communities Credit Union collects 1,600 coats11/16/2015Fox Communities Credit Union is focused on giving back to the community and collected 1,600 coats as part of their annual Coats for Kids drive.
Credit unions give away gas in Knoxville, across TN11/13/2015Tennessee credit unions come together to host a state-wide ‘Free Gas Day’ for local residents. In total, 26 credit unions donated $15,000 in free gas.
Credit unions embrace mobile app technology11/10/2015Credit unions are adopting to the needs of their members by offering quality mobile banking apps. Discover Federal Credit Union’s mobile banking app allows users to set monetary limits and boundaries on the use of the debit card. Bellco Federal Credit Union plans to offer remote deposit and a bill pay feature on their mobile app next year. It’s great to see innovation at these financial institutions!
NM credit unions tackle financial literacy11/10/2015High Plains Federal Credit Union and Guadalupe
Credit Union were awarded Experiential Learning grants from the National Credit
Union Foundation. "We are excited about the opportunity this grant
provides, enabling us to put decision-making tools into the hands of the next
generation of consumers" explained Guadalupe Credit Union CEO Winona Nava.
DNCU named on 2015 best places to work list11/10/2015Del Norte Credit Union is recognized by Albuquerque Business First
as a best place to work in 2015. 92% of DNCU employees reported that they're
proud to work for the financial institution. "It is meaningful that staff
feels valued and respected, and that certainly reflects into the way our
members experience Del Norte Credit Union" explained DNCU president/CEO
Thanks to local banks, credit unions for helping county11/10/2015Kankakee County Treasurer Nick Allen thanks
local credit unions and banks for working together for the good of the community
by accepting real estate tax payments on behalf of the Treasurer's office.
Allen said, "The employees at these banks and credit unions are asked to
handle a larger workload, and receive more training to accept these payments. I
appreciate what they do and the leadership at these institutions for working
with the county to offer added convenience."
Millennials ditch big banks and go local with their money11/10/2015Millennials are turning away from big banks in
favor of local financial institutions. In a new report, credit unions were
reported to have netted a 3% gain in millennial account holders. One of the
reasons for the shift is due to increased fees for services like ATM
Best companies to work for 2015: Elevations Credit Union11/06/2015Elevations Credit Union is listed as a best company to work for in 2015. Elevations Credit Union is recognized for fostering a culture of belonging amongst their staff. The credit union said, “We support our employees by listening, communicating and promoting organizational transparency. In return, we ask our employees for a commitment to our core values, to work together as a team and keep members in mind every day. We ask for 100 percent effort with zero excuses, to be flexible, to remember that we work to live, not live to work, and to foster a continuous desire to learn and improve.”
SBA shatters state lending records in FY ’1511/04/2015HawaiiUSA Federal Credit Union is recognized as a top SBA lender in Oahu and Maui. HawaiiUSA Federal Credit Union led the field with 218 loans reflective of a total volume of $6.98 million.
Top-level Maine banker steps into credit union role11/04/2015Prominent Maine banker Marcel Blais left the banking industry after more than 35 years to take on a newly created position at one of the state’s largest credit unions. “They joke around that I’ve jumped to the dark side,” Blais said about his banker friends. “My response to them is I wish I had done it sooner.” One of the things that Blais said appealed to him about taking the Maine Savings position was the opportunity to work more directly with customers. “I wanted to get back to dealing with members,” he said. “As I started looking around … it became apparent to me that credit unions are the place to be.”
Credit unions deserve mention11/03/2015First Financial Federal Credit Union advocates for the advantages of surcharge-free
ATMs offered by credit unions in a letter to the editor. First Financial says
that “most credit unions belong to local, regional, national and international
ATM networks with zero — that's with a "0" — fees.”
Credit unions battling to make more business loans: ‘Banks are back in the game’11/03/2015Cincinnati credit unions discuss ways they’re are working to help their local small businesses and communities despite regulation that doesn’t allow them to lend more than 12.25 percent of their assets in business loans. Credit unions make most of their business loans in the $150,000 to $400,000 range – smaller than the loans many banks typically want to make.
This CEO is embedded in her community10/30/2015Western New York Federal Credit Union’s Marie Betti explains how she worked her way up as a teller to CEO. Providing service excellence was natural for Betti who was born and raised in West Seneca. She said that when you live and work in the area “you give back to the community and you know the people.”Betti is also president of the Erie Niagara chapter of the New York Credit Union Association.
One big reason REI can decide to skip black Friday10/28/2015Outdoor retailer REI decided to close its doors on Black Friday as an external display of the brand’s co-operative principles. REI, the largest consumer co-op in the country, operates similar to credit unions. In an era with engaged consumers and more corporations touting their social responsibility, Erbin Crowell, executive director for the Neighboring Food Co-op Association, says it makes sense for REI to spotlight its co-op identity. "Clearly they're seeing their social purpose, their cooperative structure, has value again," he said, "and it's something they want to lift up and share."
Make communities sustainable, self-reliant10/25/2015St. Louis Community Credit Union aims to help rebuild the Ferguson community with a homeownership fund initiative. In partnership with the Urban League of Metropolitan St. Louis, they’re focused on financial counseling, homeownership education and ongoing support to assist over 450 well-qualified low income families within the community.
5 types of credit union savings accounts10/23/2015Bankrate explains the savings advantage at credit unions – low minimum deposits, fewer fees, and a better deal for members!
Small-business lending by Ohio’s credit unions is soaring – here’s why10/20/2015Ohio credit unions see a hike in small business lending attributed to the advancement of a shared-risk lending program. Business loans totaled $111 million among all 317 state credit union at midyear. Ohio’s credit unions also saw growth in other banking segments such as, total loan originations.
New credit union branch swaps tellers for a ‘tech bar’10/19/2015Sharonview Federal Credit Union is embracing technology to provide service excellence and opening a teller-less branch. In place of tellers, a self-service ‘tech bar’ is provided where customers can conduct transactions. “Sharonview’s technology-enhanced branch model in Gastonia is part of a larger corporate initiative to meet the evolving needs of our communities – enabling us to better serve both current members and future members for years to come,” Sharonview CEO Bill Partin said.