Credit Unions in the News

Most Recent

More than 300 toys donated to Toys for Tots by Coloramo Federal Credit Union12/17/2014More than 300 toys will go to those in need thanks to a Colorado Credit Union's staff and members. By working with the local community, the credit union ensured hundreds of children will be able to receive gifts this holiday season that otherwise may have gone without. 

Northeast Ohio students bank on credit unions12/16/2014A few high schools in the Cleveland area that have credit unions on site are getting students prepared for college by ensuring the know how to access their credit union information when they're at school. These credit unions are enabling students to handle their own finances. 

Georgia credit unions tout loan growth12/16/2014Georgia credit unions saw a 4.2 percent increase in total loans outstanding in the third quarter, compared with the previous quarter. Mike Mercer, GCUA's president and chief executive officer, said the state's strengthening economy and consumers' willingness to spend money on big-ticket items, such as cars and trucks, are major reasons for the loan growth. 

Credit union donates money for Kalamazoo Co. K-9 unit12/15/2014Omni Community Credit Union in Michigan donated $6,000 to help fund the Kalamazoo County department's K-9 unit. They sold 100 Christmas trees and 100 wreaths last week, donating the proceeds to K-9 Care to help cover food and veterinary costs. 

Why credit unions are booming12/11/2014Credit unions continue to thrive. Why have so many consumers shifted from institutions where they have banked, in some cases, for decades, in favor of credit unions? In short, the recession gave credit unions a chance to shine ... and to educate the public about what being a member of a credit union really means. Perhaps more discerning and sophisticated than at any other time in history, consumers responded by seriously weighing out their options and, in many cases, deciding that credit unions were better positioned to meet their need for individualized services, innovative products, more channels, and expanded venues.

Combining financial expertise with shared values12/08/2014Todd Sipe, CEO and president of Thrivent Federal Credit Union, talks about the credit union's mission and plans for growth. Thrivent Federal Credit Union is sponsored by Thrivent Financial, a fraternal benefit society that helps Christians be wise with money and live generously. 

SAC Federal Credit Union offers tips on avoiding identity theft12/08/2014In the spirit of the holiday season, SAC Federal Credit Union has given the gift of free advice to help consumers avoid and react to identity theft. The nine-page Identity Theft Protection Manual offers tips on what to watch for and what steps to take if you suspect your personal data has been compromised.

Golden 1 credit union will send $18 million back to its members12/08/2014Sacramento-based Golden 1 Credit Union announced it's giving back $18 million this week to more than 500,000 of its members statewide. "As a not-for-profit financial institution, we're driven by doing what is best for our members. This $18 million is just one of the many ways we are thanking our members." 

Helping credit unions keep up with the times12/07/2014Laurie Baker, board chair of the Credit Union Association of New York, for her recently published Q & A with the Buffalo News. Laurie took a good broad view of how significantly the financial services marketplace is changing – and how credit unions view the landscape ahead. 

Sunmark’s interim CEO maps out the credit union’s next steps12/03/2014With new leadership at Sunmark Federal Credit Union in Albany, the focus will be on fostering service excellence by implementing a “heightened” banking experience with the use of new technology for its 47,000-plus members. "Whatever it takes to take Sunmark to the next level, we've got our eye on that," said Frank DeGraw, the new interim president and CEO. "We're not the leaders in technology, but we can be fast followers."

Maine credit unions’ walk for ending hunger ends in Orono12/03/2014Brenda Davis and her team traveled across Maine in order to bring awareness to hunger in the state. The team ended their 41-day trek at the University Credit Union in Orono. The walk was part of the Maine Credit Union League’s Campaign for Ending Hunger. The league has raised more than $5 million thus far. 

Credit unions teach financial literacy skills in schools12/01/2014Helping you teach your kids how to handle their money is a shared goal of credit unions amid a national conversation about requiring financial literacy classes in schools. These community-focused, nonprofit institutions host contests, school deposit days, reality fairs and other programs aimed at improving student savvy when it comes to money matters.

Gardiner Federal Credit Union donates to local charities12/01/2014Gardiner Federal Credit Union donates $13K to nine different area food pantries and organizations in order to provide meals to community members in need. 

Growing regulatory burden threatens small financial institutions11/28/2014League CEOs Robbie Thompson and Mark Cummins make the case that the intent of Congress and regulatory agencies in issuing many new regulations is to protect consumers in the wake of the financial crisis, but the unintended consequence is that it is making it more and more difficult for small community financial institutions to operate and serve consumers and small businesses. It is creating a problem of almost “too small to succeed” when the intent, at least in part, was to reduce the problem of “too big to fail.” 

Rising fees hurt banks' image, but consumers happy with credit unions11/18/2014"The ACSI score demonstrates how credit unions are best in class in financial institutions," said Scott Earl, president and CEO of the Mountain West Credit Union Association. "The credit unions represented by the [MWCUA] are steadfast in their dedication to member services and providing members with excellent rates." 

Credit unions beat banks in customer satisfaction, report says11/18/2014"The ACSI score further demonstrates the relevance of the credit union movement and how credit unions stand out among other financial institutions," said Patrick La Pine, president and CEO of the League of Southeastern Credit Unions and Affiliates. "This doesn't come as a surprise to Alabama and Florida credit unions. We have added 370,000 new members in our two states since 2011. Our research finds that when a consumer becomes familiar with a credit union, they join. ACSI's report shows that once they join, they love their credit union." 

Dodge City credit union collecting coats11/17/2014The Credit Union of Dodge City in Kansas is working to keep kids warm this winter through a remarkable program: by letting members skip a loan payment and instead make a donation for a coat. By keeping the community's needs in mind, they proving that credit unions are America's best financial partner. 

MSU Federal Credit Union wins Top Workplace honors11/15/2014MSU Federal Credit Union is the winner of this year's Detroit Free Press Top Workplaces award for large businesses. The East Lansing-based credit union employees praised the friendly and supportive atmosphere at work and the credit union's efforts to boost their work-life balance while promoting engagement with the local community. 

Elevations Credit Union wins Malcolm Baldrige Award11/14/2014U.S. Commerce Secretary Penny Pritzker announced that Elevations Credit Union is a recipient of the 2014 Malcolm Baldrige National Quality Award, the nation's highest presidential honor for performance excellence in innovation, improvement and visionary leadership. Colorado-based Elevations Credit Union is one of only four U.S. organizations to receive the honor this year and is the first credit union in the country to ever win this prestigious award. 

Credit union auto loan growth revs up in Q311/13/2014Auto loans at the top 25 auto lenders among credit unions hit $48.37 billion at Sept. 30, up 5.06% quarter over quarter and 15.97% year over year.