Credit Unions in the News

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Fixing your finances: teaching kids about money can be important to their financial future08/17/2017Hershey Federal Credit Union Manager Alecia Kelsey suggests a variety of money lessons parents can teach to their children during an appearance on Fixing Your Finances. Kelsey addressed the best age for parents to begin teach good saving habits, when to start implementing an allowance, and how parents can include children in money discussions. 

Credit unions crush food bank goal08/17/2017Representatives of Kauai's credit unions recently donated to Kauai Independent Food Bank to help strengthen the local community. “This is what can happen when our community members come together to benefit the entire community. This is what can happen when we collaborate instead of only competing. This is the power of co-ops,” said Kauai Government Employees Federal Credit Union President Corinne King. 

Langley Federal Credit Union helps keep communities thriving with charity08/15/2017Langley Federal Credit Union's charitable arm, Langley for Families Foundation, looks to serve more children and families in Hampton Roads by providing basic necessities. “Charitable giving has been part of our DNA since the organization's beginning. The guiding principle is that the credit union cannot be successful if the community is not thriving. If we put money back into the community, then presumably it strengthens the community,” said Langley Federal Credit Union Vice President of Marketing and Chairman of the Foundation Fred Hagerman. 

Veterans learn entrepreneurship skills at local credit union08/15/2017Fort Knox Federal Credit Union hosts an entrepreneur seminar to help veterans build and grow their small businesses. “We were thrilled to bring in the Lieutenant Governor. It's just wonderful when you can look into the crowd and see veterans that we love. For some of them, it has really been their dream and to help some of them realize their dream, it's wonderful,” explained Fort Knox Federal Credit Union Executive Vice President Becky Ates. 

Why credit unions may be the best source of an auto loan08/10/2017Credit unions are the best source for financing auto loans. For starters, credit unions can offer lower rates on auto loans because they're member-owned, not-for-profit financial institutions. Credit unions are also typically more willing to work with customers with credit issues. It's that kind of flexibility that make credit unions the best course for an auto loan!  

Credit union rebrands, looks for citywide growth08/09/2017Richmond Postal Credit Union unveiled a new name - Credit Union of Richmond - to reflect charter changes from 2008 that grant access to membership to those who live, work, worship, or attend school in the city of Richmond. 

Credit unions donate toys to Waterville Children’s Home’s Christmas Fundraiser08/08/2017Eleven central Maine credit unions participated in a local drive to benefit low-income families with children.  The annual 'Christmas in July' fundraiser doubled the number of items donated to the Maine Children's Home for Little Wanderers. 

Women to watch: Elizabeth Hayes, Infinity Federal Credit Union08/07/2017Infinity Federal Credit Union President/CEO Elizabeth Hayes is recognized for her leadership and growth strategy by Maine Biz. Since joining Infinity FCU, assets have grown more than 22% and the number of members have risen to 16,000. “Don't be afraid to take risks. We're looking to grow. We're looking to expand,” said Hayes. 

WOCCU conference: how credit unions are working together to face new challenges08/07/2017Credit unions from around the world came together to face emerging challenges at the World Credit Union Conference in Vienna. Technology was a key topic and Meridian Credit Union Chief Executive Bill Maurin discussed how his credit union's digital transformation increased assets to $15.5 billion - now the fourth-largest credit union in Canada. A key focus during the transformation was the “need to make the experience painless and efficient,” said Maurin. 

Tips for your college freshmen08/04/2017FORUM Credit Union's Chief Operating Officer Andy Mattingly shares five money tips college freshmen need to know before heading off to school.  Mattingly advises to develop a weekly spending plan that can last, monitor accounts for any suspicious activity, be on the lookout for student deals, be informed of fraud and theft protection, and get organized. “This is the first time these students are going to be out on their own. It's important to get them prepared ahead to make the right decisions,” said Mattingly. 

W MI credit unions replacing tellers with ‘ITMs’07/31/2017Credit unions in western Michigan are replacing traditional tellers with interactive machine. The machine connects members with remote tellers using a two-way video connection and a machine that mirrors to an ATM.  Tellers are equipped to complete everyday transactions remotely. 

Banks vs. credit unions: how to pick a winner07/31/2017With the latest big bank scandals, many consumers are turning to credit unions as their financial institution. It's hard for consumers not to be attracted to credit unions since the not-for-profit structure equals lower fees, higher interest rates on checking and saving accounts, and better deals! Consumers can go to to find a credit union that fits their needs. 

Why BCU is launching video-only branches for its members07/31/2017Baxter Credit Union Senior Vice President/Chief Retail Officer Carey Price and Senior Vice President/Chief Information Officer Jeff Johnson discuss their latest venture: launching video-only branches. “Digital disruption is happening so quickly, our members are demanding it. We need to have an agile, flexible, and extended infrastructure. So we're going cloud first,” said Johnson. 

Ask the expert(1)07/27/2017Heritage Federal Credit Union President/CEO Ruth Jenkins appeared on Midday with Mike to offer some advice on back to school budgeting. "Start with your budget, get what do you truly need," advised Jenkins. She suggested parents get their children involved with the budget process, which leaves children with valuable life lessons. 

How to pick the best credit union for you07/10/2017Enjoy the perks of being a credit union by joining one today! Credit unions offer the same services as a bank and all funds at federal credit unions are ensured by NCUA. Get started by finding the nearest credit union to you on  

Powermeter 201707/06/2017District Government Employees Federal Credit Union President/CEO Carla Decker is named one of the most influential people by El Tiempo Latino. The Washington D.C. Spanish newspaper publishes an annual 'Powermeter 100' list of the most influential individuals within the Hispanic community. 

Clarksville’s ‘Pack the bus’ drive starts Monday at One Vision Credit Union07/06/2017One Vision Credit Union hosts a school supply drive to get students started off on the right foot. A school bus will be parked outside the credit union for people to drop off supplies. "We feel it's very important to support our local community and especially the education of our youth,” said One Vision Credit Union Business Development Officer Cindy Loi.  

CFO of the year: embracing what’s different about credit unions07/05/2017Sharonview Federal Credit Union Steven Smith is awarded Chief Financial Officer of the year and embraces the credit union difference. Please note, credentials are required to access article content. 

Here’s a snapshot of how California credit unions performed in the mortgage market07/03/2017California credit unions experienced a rise in mortgage lending in 2016, according to a new report from the California Credit Union League. According to the league, mortgages hit a record high outstanding dollar amount of $58 billion. “While credit unions have grown since the crisis, it's not proof that regulations are damaging the industry,” said Clark County Credit Union CEO Matt Kershaw. 

ACUC interviews: PenFed’s James Schenck wins CUNA’s ‘Hero of the Year’ award06/30/2017PenFed Credit Union President/CEO James Schenk is awarded Credit Union Magazine's '2017 Credit Union Hero of the Year' at CUNA's America's Credit Union Conference. The award recognized Schenk's dedication to serving his community, employees, and members. “I accept this award on behalf of the nearly 90,000 credit union board members and volunteers. And the nearly 300,000 credit union employees who work each and every day to make the lives of others and their community better,” said Schenk.