THE BET Cooperative Credit Union Limited ended the last fiscal year with financial investments totaling $16.1 million.This was one of the highlights told to members at their Annual General Meeting held recently. The board, led by chairman Felton Burton, revealed that the financial investments were spread across a portfolio of 14 separate investments across six …

Source: Zapp2Photo/Shutterstock. Successful credit unions are constantly embracing new economic trends that are significantly transforming the industry. Today, members of all generations prefer fast, low-friction transactions and the ability to pass the credit approval process, forcing credit unions to view members as more than a credit score. traditional credit. Retaining and attracting new members in …

Source: Adobe Stock. Despite continued uncertainty about the future of the COVID-19 pandemic, credit union groups are moving forward with plans for many in-person conferences in 2022. Here’s a look at what’s been planned so far for the year, listed alphabetically by group name, along with links to conference registration pages when available. CU time …

INDIALANTIC, Florida. – A man suspected of robbing a Space Coast Credit Union in Indialantic was arrested on Wednesday, according to the Indialantic Police Department. Juan Antonio Rodriguez Gonzalez, 34, is accused of robbing the bank on Tuesday morning. [TRENDING: Disney’s Cirque du Soleil show offers Florida resident ticket deal | Merritt Island girl struck …

By Josh Liberatore (June 8, 2022, 2:28 p.m. EDT) – A credit union seeking to cover millions in embezzled funds has sued its fidelity bond insurers in federal court in Georgia, alleging that the insurers secretly altered the policy wording to escape “substantially any catastrophic loss” coverage without executing the changes by their underwriter or …

(Photo: Shutterstock) New research reveals how financial attitudes influence consumers who tend to seek investment advice and those who tend to avoid it, providing new insights for finance professionals and researchers on how to help people with different attitudes towards money to evaluate investment advice. “The Money Scripts Related to the Use and Trust of …

Source: Shutterstock. All financial institutions, especially credit unions, provide valuable services. Verifying, or if you prefer, sharing draft accounts, has value, but they’re ubiquitous, so consumers no longer recognize their value. Credit unions have done this to themselves by traditionally offering free checks. We don’t recognize the value of trading accounts, so how (or why) …

NCUA Headquarters, Washington, D.C. Three former credit union employees, including a CEO who stole millions from an Arizona credit union, have been barred from participating in the business of any insured financial institution, the NCUA announced Tuesday. Susan Irene Romero is set to begin her 26-month federal prison sentence on June 24 after pleading guilty …

Source: Shutterstock Data is generated by every credit union transaction that occurs, and proper analysis of this data can lead to many positive outcomes for credit unions, including the ability to gain new insights into member behavior. and improving the member experience, increasing product usage and revenue, and the ability to identify new lending opportunities. …

Zest AI software now provides better and faster access to credit to nearly 2.5 million credit union members across the Sunshine State LOS ANGELES, May 24, 2022 /PRNewswire/ — MIDFLORIDA Credit Union, one of the largest credit unions in Florida with over $6 billion assets, today announced its partnership with Zest AI, a leader in …

Source: Shutterstock. Some might say that a Colorado credit union’s new brand has a lot of pizzazz. And that was the whole point of the recent renaming of the former $457 million Denver Community Credit Union to Zing Credit Union. Merriam Webster’s Dictionary defines zing as a noun with its No. 1 entry as “a …

VyStar Credit Union customers cannot access their accounts online or through its mobile app due to an outage, according to the credit union’s website. VyStar customers are also experiencing delays with online transfers dating back to Sunday. On Sunday evening, VyStar posted on Twitter that it was working on upgrading its systems and that customers …

Source: Shutterstock. The Navy Federal Credit Union and the Cybercrime Support Network have formed a new partnership to protect members from outside cybercriminals, including those who pretend to be Navy Federal employees to gain access to member accounts to steal money. ‘silver. But the nation’s largest credit union recently had two cases in which real …

ASHWAUBENON, Wis. (WFRV) – As the weather warms, outdoor activities are blooming in northeastern Wisconsin. In Ashwaubenon, bands are scheduled to play at Capital Credit Union Park and some concert tickets will go on sale this Friday. According to a statement, two different outdoor concerts are planned in the park. First gig According to a …

Source: Adobe Stock Shame can take many forms. There’s fat-shaming, single-shaming, and the shaming of those who choose to be a little more promiscuous than us. We shame men for not being “manly enough” and women for deciding not to have children or for deciding to be stay-at-home moms. People who are “too shy”, who …

CLIENTS of a Warrington-based credit union that went bankrupt have been reassured that their funds are safe. Members have been informed that the North East Warrington Credit Union (NEWCU) has entered into voluntary liquidation after more than 25 years. Following the decision to close the business, which has an office on Cinnamon Lane in Fearnhead, …

Image: Shutterstock. What Makes a Good Credit Union CEO? The answer isn’t as simple as you might think – it’s not just about having the right skills or experience. As with any business, a CEO must have the necessary technical expertise and understanding of the business in question. But beyond that, what really sets them …

Matthew McConaughey is more than an Oscar-winning actor. He is the “Minister of Culture” of the University of Texas. He is a professor at UT and a best-selling author. And he is a co-owner of Austin FC, the Major League Soccer team. But did you know that the Austin celebrity also invests in startups? McConaughey …

MEMBERS of the North East Warrington Credit Union which has closed due to bad debts are reassured by the administrators that their money is safe. The Members Committee of North East Warrington Credit Union (NEWCU) Limited yesterday (May 4) decided to place the company in administration by appointing Mike Dillon and Andrew Poxon of Leonard …

ONE of Warrington’s oldest credit unions has closed – due to bad debt accumulated by some of its members. North East Warrington Credit Union (NEWCU), based at Telfer House in Cinnamon Lane, Fearnhead is in the process of notifying the Financial Services Authority (FSA) that it is no longer trading.A spokesperson said today: ‘It’s not …

Source: Shutterstock. As of May 1, Robins Financial Credit Union ($4 billion in assets, 243,050 members) in Warner Robins, Georgia, eliminated its Non-Sufficient Funds (NSF) — a move that credit union officials say , will save members $5 million each year. According to a statement from Robins Financial, the credit union will continue to offer …

Source: Shutterstock. In letters to House and Senate committees, the CUNA and 50 credit union leagues argued that the CFPB was not fulfilling its mission “to make consumer financial markets work for consumers” because its leaders do not take the time to hear the concerns or priorities of credit unions and other financial institutions that …

Now Credit Union CLEVR Money, the credit union of Preston, Blackpool, Fylde, Wyre and Lancaster, has warned of the financial disaster many could face if they resorted to high interest loans. The warning comes as the Credit Union, a nonprofit with some 5,000 members, reported receiving a growing number of loan applications. Register to our …

Source: Rawpixel.com/Shutterstock The “great wealth transfer” is approaching, with projections calling for more than $84 trillion in assets to be transferred to heirs or donated to charities over the next few decades. Advisors are currently talking with clients and their families about their goals as this transfer approaches, but there are key generational differences that …

The organization, which offers savings and loans and helps people avoid loan sharks and high-interest payday loans, has a number of open seats both on the board and in various committees. David Owen, the credit union’s new president, has called for new directors and non-executive advisers to join its board. Councilor Owen said, “I am …

Announcing the new CEO of the credit union. (Source: Shutterstock) In January 2023, Ken Senus will become the Chairman and CEO of the nation’s first credit union, St. Mary’s Bank in Manchester, NH He will succeed Ronald H. Covey Jr., who announced at the credit union‘s annual meeting on April 13 that he plans to …

Photo: Jirsak/Shutterstock Stephen Owen will become chairman and CEO of the $2.1 billion First Entertainment Credit Union in Hollywood, Calif., the board announced last week. He will succeed Charles Bruen, who was named interim CEO in February after replacing Lisa Landt, who served as CEO of First Entertainment from 2020 to the end of last …

Blackpool solicitor and adviser David Owen left his deputy role to lead the board of the organization which helps people save and stay away from loan sharks, while the banker at retired Philip Owen was appointed Treasurer. Councilor David Owen, who was a representative on Blackpool Borough Council for 43 years, has been a member …

Source: Shutterstock. Big things are happening for a credit union in a small town in central Georgia. Robins Financial Credit Union, located in Warner Robins, Georgia, became the latest credit union to reach $4 billion in assets this year. In a statement released by the credit union on Wednesday, the asset milestone was reached as …

USF Federal Credit Union (USF FCU) opened in Odessa. “The Odessa/Land O’ Lakes/Lutz region is growing by leaps and bounds,” said Bill Steiger, director of brand strategy and marketing communications for USF FCU. “We thought it was a perfect place to open a branch and enter this market.” USF FCU was founded in 1959 by …

Source: Adobe Stock. As EV sales buzz, CU Direct is bundling a feature that will make it easier for credit unions to participate in buyer loans from Tesla, the largest maker of electric vehicles. Bob Child, chief operating officer at CU Direct, said Irvine, Calif.-based CUSO expects a system to work later this year that …

WEST ROCKHILL — For newborns and their moms, the first hours and days together mean everything. Now, thanks to the generosity of the American Heritage Credit Union, caregivers at Grand View Health can help mothers and babies form deeper bonds from day one. The credit union has donated more than $60,000 over the past two …

Are you one of those people who likes to bring a lawn chair for concerts at the MIDFLORIDA Credit Union Amphitheater? You can save quite a bit of money if you relax on the lawn instead of being in one of those assigned seats under the roof. In fact, just a few weeks ago we …

Source: Shutterstock. The $305 million Marshall Community Credit Union in Marshall, Mich., has named Corrie Rozell as president and CEO. Rozell, who has served as interim CEO since January, took over from former CEO Heather Luciani, who is now chief strategy officer for the $1.4 billion Honor Credit Union in Berrien Springs, Michigan. Corrie Rozel …

Spire Credit Union managing director Dan Stoltz is also the institution’s chief business evangelist, graciously visiting customers in Spire’s blue 1952 Ford pickup truck. Stoltz, 62, meets and greets at St. Paul Saints games, client and small business home improvement projects, Salvation Army events and other community fundraisers. Since 2011, he has starred with real …

Spire Credit Union managing director Dan Stoltz is also the institution’s chief business evangelist, graciously visiting customers in Spire’s blue 1952 Ford pickup truck. Stoltz, 62, meets and greets at St. Paul Saints games, client and small business home improvement projects, Salvation Army events and other community fundraisers. Since 2011, he has starred with real …

Source: Shutterstock Credit unions have always distinguished themselves from their corporate competitors by emphasizing the sense of purpose and the member. Organizations that don’t focus on a sense of purpose will not survive. Economic realities and technology are constantly changing the business landscape. If you don’t use new technologies today, you risk being defined as …

New York, headquarters of the Municipal Credit Union. Source: Shutterstock Dear Editor: As for Peter Strozniak’s March 7 article, “A New Beginning for MCU with a New Board, Leadership Team, and Oversight Committee,” all of us at Municipal Credit Union appreciate the coverage. While I’m the only MCU person named in this article — and …

Source: Shutterstock. It may be inconceivable for the wealthy class, but there are actually very good reasons not to raise interest rates quickly or dramatically. Yes, inflation is worrisome, Ukraine is burning, and Covid-19 still threatens to disrupt supply chains. However, the reality facing many Americans — if not low-income and middle-class workers around the …

Source: Shutterstock You might not feel it yet, but if you’re an American homeowner, you’re probably a little richer after the skyrocketing rise in house prices last year. But how do you tap into your new found wealth? And should you? US homeowners gained an average of $55,300 of their home’s value (minus their mortgage) …

Financial and professional advisors recognized for guiding defense communities towards financial well-being ARLINGTON, Virginia, March 22, 2022–(BUSINESS WIRE)–The Association of Defense Communities (ADC), in conjunction with the Navy Federal Credit Union, recognized the inaugural winners of the Guidepost Awards last week at the National Defense Communities Summit in Arlington, Illinois. Virginia. The Guidepost Awards is …

Jason Osterhage Jason Osterhage, 45, has been named president and CEO of the $4.4 billion Teachers Credit Union, Indiana’s largest financial cooperative, announced Tuesday. He succeeds Waylon Peterson, who was named interim CEO in March 2021 following the retirement of Paul Marsh, who joined the South Bend, Ind.-based TCU. in 1989 as an intern and …

Source: Adobe Stock The day Russia invaded Ukraine, we started contacting Ukrainian credit unions, WOCCU leaders and other credit union-related organizations with possible ties to Ukraine or Russia for comments on the status of credit unions in this region of the world. We understand that our audience of credit union executives is incredibly focused on …

First Tech Federal Credit Union promises fast personal loans, which can come in handy in an emergency. You can get a personalized rate on a two-year loan “in 30 seconds or less,” according to the lender. Your credit doesn’t have to be perfect to qualify for a personal loan. First Tech specifies that it has …

Although PenFed Credit Union – officially Pentagon Federal Credit Union – serves members of the armed forces, military associations, veterans and retirees, and their families, a military connection is not required to become a member. The credit union offers personal loans to eligible members and eligible co-borrowers in all 50 states, as well as Guam, …

If you need money fast, Alliant Credit Union typically provides same day online personal loans between $1,000 and $50,000. The $14 billion Chicago-based credit union, founded in 1935, is one of the largest in the country, with 600,000 members. In addition to personal loans, Alliant offers home and auto loans, credit cards, checking and savings …

WALTHAM, MA – The RTN Federal Credit Union of Waltham and the RTN GoodWorks Foundation recently hosted a two-part virtual series on “Money Management” and “Saving and Investment Basics” for students at Waltham High School Business Club and students from eighth year of Our Lady Academy. A total of 76 students, aged 12 to 18, …

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. Navy Federal Credit Union offers several standard certificates, with terms ranging from three months to seven years. Stock certificates are the credit union equivalent of certificates of deposit (CDs) found in banks. …

Live Nation brought it back. It’s been so long since we’ve been to a concert that you may have forgotten that they offer a season pass for shows at the MIDFLORIDA Credit Union Amphitheater in Tampa. It’s back and it goes on sale tomorrow (March 2) at 1 p.m. You only have until March 15 …

Live Nation brought it back. It’s been so long since we’ve been to a concert that you may have forgotten that they offer a season pass for shows at the MIDFLORIDA Credit Union Amphitheater in Tampa. It’s back and it goes on sale tomorrow (March 2) at 1 p.m. You only have until March 15 …