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Credit Union Journal, The

Manufacturers’ Low Rates Force Banks Into Used Car Lending

Manufacturers’ Low Rates Force Banks Into Used Car Lending Banks have been pushed toward used-car loans as manufacturers keep offering 0% financing and rebates on new cars, The American Banker said.Ted Brown, auto finance practice manager of BenchMark Consulting International in Atlanta which surveyed 46 auto lenders for the Consumer Bankers Association, said bankers “have […]

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Credit Union Journal, The

5 Ideas On Partnering

5 Ideas On Partnering ‘It Can’t End Here’ TAMPA, Fla.-NCUA showcased a variety of ways credit unions can work with advocacy groups and government agencies to improve the communities they serve at a recent Economic Empowerment Summit here. The Summit was part of the regulator’s Access Across America (AAA) initiative that was founded by former […]

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Credit Union Journal, The

Ascend United Takes Step To Expand Collection Efforts

Ascend United Takes Step To Expand Collection Efforts Michael Bartlett, Reporter Ascend United, the Washington league-owned subsidiary that assists CUs in selling debt, has signed with Massachusetts-based Credit Collection Services (CCS) to aid in debt recovery. Using a collection service with a national reach such as CCS should help credit unions to recover 65% to […]

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Credit Union Journal, The

Slow Start For Prepaid Cards At CU Website, But Sales Aren’t Just What The Strategy Is All About

Slow Start For Prepaid Cards At CU Website, But Sales Aren’t Just What The Strategy Is All About Kevin Jepson, Technology Correspondent Online members have been slow to buy retail gift cards at the prepaid-and downplayed-card website at Silver State Schools CU.But the fact is, said Mike Randall, CIO at the $850-million credit union, the […]

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Credit Union Journal, The

Goals Should Determine Your Marketing Budget

Goals Should Determine Your Marketing Budget Gary Zenker To credit union marketing executives, the budgeting season is fraught with special challenges. Sure, we’re accustomed to changing base metals into gold on a daily basis. But budgeting requires something even harder: convincing everyone of the true value of marketing. Marketing’s value goes well beyond the response […]

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Credit Union Journal, The

Former CDCU Exec Charged With Looting

Former CDCU Exec Charged With Looting Ed Roberts, Washington Bureau Chief Former D. Edward Wells CEO Carol Aranjo, once a national figure in the community development banking movement, was charged in federal court with looting the now-defunct credit union in a sophisticated fraud scheme over several years that culminated in the 2003 failure of the […]

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Credit Union Journal, The

Why Alhambra Credit Union Welcomes Competition

Why Alhambra Credit Union Welcomes Competition Georgiana Lee, Correspondent Don’t look for a small credit union on the defensive or feeling sorry for itself here. “We believe competition is healthy and we have always sought open FOMs and feel that is more beneficial to small than large,” said Mary Shipe, president of Alhambra Credit Union. […]

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Credit Union Journal, The

Payday Loan Banned In Penn.

Payday Loan Banned In Penn. A Pennsylvania court has ruled that Advance America, the largest payday lender in the U.S., cannot offer its “Choice Line of Credit” to consumers in this state. The court ruled that the product, which allows customers to borrow up to $500 if they pay a $149.95 monthly “participation fee” and […]

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Credit Union Journal, The

Bank Loan Delinquencies In Q1 Highest Since 2001

Bank Loan Delinquencies In Q1 Highest Since 2001 Analysis Ed Roberts Loan delinquencies at the nation’s banks rose in the first quarter to their highest since 2001, according to the American Bankers Association. Delinquencies have been rising steadily over the past year, with the delinquency ratio for the ABA’s index of eight kinds of loans […]

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Credit Union Journal, The

Top 100 Credit Unions By Assets Dec. 31, 2006

Top 100 Credit Unions By Assets Dec. 31, 2006 1 Navy Federal Credit Union Merrifield VA 24,301,617 2 State Employees Credit Union Raleigh NC 12,808,877 3 Pentagon Federal Credit Union Alexandria VA 8,003,371 4 Golden 1 Credit Union Sacramento CA 6,090,163 5 Boeing Employees Credit Union Tukwila WA 5,849,894 6 Orange County Teachers Federal Credit […]