NAFCU Boasts 2011 Net Membership Growth

Press Center

Latest Releases

NAFCU Boasts 2011 Net Membership Growth

Posted: 2011-09-22 00:00:00

CONTACT:
Patty Briotta
703-842-2820
pbriotta@nafcu.org
www.NAFCU.org

WASHINGTON – Despite a climate of industry consolidation and continued economic challenges, National Association of Federal Credit Unions (NAFCU) Chair Mike Lussier today announced that NAFCU achieved net membership growth in 2011.

“At a time of continuing mergers, industry consolidation, and a faltering economic recovery, it is especially noteworthy that NAFCU’s membership is growing,” said Lussier. “It speaks volumes of Fred Becker’s leadership, the work of his ‘A-Team,’ the NAFCU staff, and the value credit unions continue to see in the programs and services NAFCU offers.”

Beyond membership, NAFCU has also experienced continued growth in attendance at its conferences. Specifically, NAFCU’s Regulatory Compliance School, Volunteers Conference, and Regulatory Compliance Seminar had record attendance in 2011. Attendance at NAFCU’s Annual Conference & Exhibition, the largest in the industry, was also at the highest level since 2007. Subscriptions to webcast packages have also increased, and the NAFCU Compliance Blog has over 3,000 subscribers.

“Credit unions clearly recognize that membership in NAFCU is vital,” Lussier said.

NAFCU is the only national organization that focuses exclusively on federal issues affecting credit unions, representing its members before the federal government and the public.

www.NAFCU.org

Comments (13)
Posted:	2012-05-12 01:08:07
By:	Lyndee
pay off your debt. Paying off debt will help your credit score. Also debt charges higher interest rates than savings does. In other words your Visa may be charging you 10% interest. For every $100 you owe they charge you $10. But the bank only gives you 3% interst (if you are lucky). So for every $100 you save they give you $3. So you do the math – would you rather pay off debt and save $10 or put money in the bank and save $3? Pay off your debt!If you want more on this pick up a copy of The Total Money Makeover by Dave Ramsey. Get it at your library. Its a great and easy book about getting out of debt. It really helped me a lot.References : car insurance qoutes auto insurance quote
Posted:	2012-05-01 00:41:18
By:	Joni
a community property state, the rules change. Any debts incurred during the marriage are considered JOINT debts – just like property. So, even if your spouse is NOT on any of the accounts specifically, the spouse is still vulnerable to creditors. The only exception I know of is if all the debt was incurred PRIOR to the marriage, then it is separate. Well, they can’t put you in prison. But they can make your life a living heck [this board bans the full H word? Odd] for the next 7 years–and prevent you from doing many things you want to do by making credit totally unavailable to you at a reasonable interest rate. And you will lose the respect of others and your self-respect…unless, of course, you’re talking about some unavoidable hardship that prevents you from paying, in which case bankruptcy is the clean way out.creditors can report the delinquent account to the credit reporting agency that can show on the report up to 7 years. They can turn the account over to a collection agency which also would have a right to report a 2nd account listing to the credit reoprt within the 7 years of the original listing. They could file law suit and obtain judgment against you, yet another tradeline listing that can show on the credit report 7 years from the file date… and if you live in a state that allows for judgments being re-newed, that can be another judgment listing for 7 years from file date. viagra anyone order acyclovir online
Posted:	2012-04-29 08:47:40
By:	Eel
life insurance policy 8((( auto insurance 9204 best life insurance 7739
Posted:	2012-04-27 06:29:29
By:	Ellen
car insurance dewmw auto insurance pfh life insurance =-) car insurance online 199
Posted:	2012-04-25 02:30:23
By:	Lyndall
Well I used to sue people that didn’t pay their bills and was a collector so I have a little knowledge about consolidation. It is good you don’t want to go through CCC because they take about .75 cents of every dollar you give them. If you own your home you could try refinancing to get some money out or a home equity loan as it will have lower interest than your CC’s. Depending on how good your credit it a consolidation loan could be a good option, ask your bank or try a credit union to get the best rates. You can also call your credit card companies. Most will work with you if you let them know before you go delinquent. I had an MBNA card that I let get too high and couldn’t pay anything but the minimum, I was 18, first card. They gave me 0% interest as long as I made my monthly payments but they closed the card. They also bumped up my monthly payment to $30. I ended up paying it off with a little help from taxes but I didn’t have to pay interest. Your best bet would be call your CC companies and see if they will lower your interest. If you want one payment then try for a loan. viagra acyclovir
Posted:	2012-04-22 01:35:55
By:	Jacklynn
Well that is a very vague question.Debt or Saving.Lets say your debt is a car loan @6%I would say unless you can pay it off, there is no point in paying extra. Because you will not increase your cash flow, and depending on where you are in the loan you may be saving very little in interest. Say a 5 year loan and your in the 3rd year of payments. You already paid most of the interest.Lets say your debt is a credit card @ 15% I would pay that down immediately. Because that increases cash flow and reduces interest being paid. Say you owe $6000 on credit card. Your minimum is probaly around $150/month. but of that $150, roughly $75 is interest. Pay that down $4000 and your minimum payment drops from $150 to $50 (increased cash flow) and your interest drops from $75 to $25.Sometimes it is better to pay off debt, sometimes it is better to invest. As a rule of thumb if the interest rate is 8% or higher pay off the debt as fast as you can. If the interest rate is 6% or less take your time paying it off and invest your money elsewhere (that doesn’t mean spend it wildly on useless crap) When the interest rate is between 6% and 8% it depends how good of and invester your are and what other options you have for your money. A safe bet would be to just pay the debt because it is guaranteed return. But every situaton is different.References : car insurance auto insurance
Posted:	2012-04-15 01:03:11
By:	afpvddp
iGd1fD sukteorhcdhe
Posted:	2012-04-14 21:38:55
By:	Eduardo
Well that is a very vague question.Debt or Saving.Lets say your debt is a car loan @6%I would say uelnss you can pay it off, there is no point in paying extra. Because you will not increase your cash flow, and depending on where you are in the loan you may be saving very little in interest. Say a 5 year loan and your in the 3rd year of payments. You already paid most of the interest.Lets say your debt is a credit card @ 15% I would pay that down immediately. Because that increases cash flow and reduces interest being paid. Say you owe $6000 on credit card. Your minimum is probaly around $150/month. but of that $150, roughly $75 is interest. Pay that down $4000 and your minimum payment drops from $150 to $50 (increased cash flow) and your interest drops from $75 to $25.Sometimes it is better to pay off debt, sometimes it is better to invest. As a rule of thumb if the interest rate is 8% or higher pay off the debt as fast as you can. If the interest rate is 6% or less take your time paying it off and invest your money elsewhere (that doesn't mean spend it wildly on useless crap) When the interest rate is between 6% and 8% it depends how good of and invester your are and what other options you have for your money. A safe bet would be to just pay the debt because it is guaranteed return. But every situaton is different.References :
Posted:	2012-04-04 04:21:02
By:	Bubby
Depending on your emergency fund (EF) needs, split between the EF and the car loan. But the crux of the matter is not really how to divert your leftover savings, but how to increase those savings to erase your debt burden more quickly.Saving depends on1) Increasing Income (often less feasible).2) Decreasing Expenses (often more feasible).Most people focus on #1, and neglect #2. But most expenses can be decreased dramatically, or even eliminated. Share rent with lots of people, or live at home or in a low-cost area if possible, avoid owning cars in the near future (they suck a lot of money), eat out less, buy less (or better yet, nothing) or secondhand, don’t engage in expensive sports/hobbies, no travel/tech gadgets/brand names/movies, etc. Reduce all water, power, phone, mobile + cable bills to the minimum. Analyze your biggest expenses (usually rent/car/food/leisure/bills), and find ways to cut all the financial fat. Since you’ll have a lot of extra time on your hands, use it to invest in educating yourself and developing your professional talents/interests/skills so that you can achieve a higher future income potential. Go DIY – don’t pay others to teach you.Live poor – because actually, you ARE poor. By my personal definition, if you need a job in order to feed yourself, you’re poor. If you need to worry about what your boss thinks of you, you’re poor. If you’re in debt, you’re in the hole poor. Don’t be generous or ashamed – you literally can’t afford to be. Be generous and proud after you’ve saved up some $ $ $ . Extreme situations call for extreme measures. If you compare yourself to other people with lots of debt, you’ll feel your situation isn’t so bad, but you should be comparing yourself to people with positive net worth. I only make 18K/year now, but I save about 10,12K – more than 50% savings on income. I’ve been doing this for many years now, so it all adds up. So despite my low income, I had my basic 1K EF in my first month. I intentionally chose to live in a lower-cost city that didn’t require a car, and in the beginning I had to forego a lot of costly urban enjoyments (movies, dining, shopping, etc.). But the payoffs have been tremendous; I don’t worry about money or jobs. Plus, I only work part-time now. If you can find a way to save 1K a month, you’ll be well on your way. It’ll only take 20 months to pay off all your debts. If you have higher income and can save 1.5K, you only need 13 months to be completely debt-free.After you pay off your debts, you should continue your hardcore saving for a couple years, (1yr =12K, 2y=24K, 3y = 36K, depends on what your long-term financial goals are), after which you can invest your savings, and your money can start working for you, instead of you always working for money. Then you can ease off on or abandon the Spartan lifestyle. If you’re a guy, you might not want to though, because being a Spartan is actually pretty cool. It’s good mental & physical training, because it helps to cut away all the consumer materialist crap in life. Makes you focus on what’s really important in life – which is ironically, not the money, but yourself, your relationships, and your purpose in life. And coincidentally, all those 3 things suffer when you’re working the 9-to-5 grind and spending nearly all of your hard-earned money on whatever. Best wishes to you - bontril nexium plendil flomax viagra
Posted:	2012-04-02 02:40:58
By:	Addy
Well I used to sue people that didn’t pay their bills and was a collector so I have a little knowledge about consolidation. It is good you don’t want to go through CCC because they take about .75 cents of every dollar you give them. If you own your home you could try refinancing to get some money out or a home equity loan as it will have lower interest than your CC’s. Depending on how good your credit it a consolidation loan could be a good option, ask your bank or try a credit union to get the best rates. You can also call your credit card companies. Most will work with you if you let them know before you go delinquent. I had an MBNA card that I let get too high and couldn’t pay anything but the minimum, I was 18, first card. They gave me 0% interest as long as I made my monthly payments but they closed the card. They also bumped up my monthly payment to $30. I ended up paying it off with a little help from taxes but I didn’t have to pay interest. Your best bet would be call your CC companies and see if they will lower your interest. If you want one payment then try for a loan. nexium low price online pharmacy propecia to buy
Posted:	2012-03-14 23:11:50
By:	Bettie
Paki, aunque con retraso, te comunico que todos los que lo solicist teis a trav s de los coemntarios est is admitidos/as tramadol auto insurance quotes
Posted:	2012-03-08 19:56:49
By:	amospk
iWfXVc kfdcozxttcda
Posted:	2012-03-03 01:35:58
By:	Milisted
Please do not consolidate. It is not free, they will lower your pntemays by increasing the length of time until you are debt free, and you will take a hit on your credit score. Or they negotiate your debt down after telling you not to pay for awhile adding another hit to your credit score. There is a better way.A. Have a garage sale and sell anything that you no longer need or want.B.Get a temporary part time job, if you have one, get another.Here is a plan that can help you. If you work the plan, the plan will work for you: 1. Make a budget. Make the budget a week before you get paid. A budget is not a punishment! It is a tool which will free you from ever having to worry about money again. Put everything in your budget. Especially those annual, biannual, or quarterly bills like car registration, insurance, etc. Give every dollar you are going to bring home the name of where it is going. Add an emergency fund category to your budget for 25 dollars and save up until you have 1000-1250 dollars. Your emergency fund will help keep you from getting into new debt because of an emergency. If you can, set up a direct transfer to a savings account for your emergency fund. That way it moves automatically and you don't even have to worry about it. You must cut your spending and live on less than you make.2.First get current on all of you debts and make no more late pntemays. Stop using your credit cards immediately. Do not take on any more debt. Credit cards are like quicksand only the death is much slower. Make a list of all of your debts in order of highest interest rate to lowest interest. Use cash only for your spending from now on.3.Pay the minimum due on all of your debts and then put your extra money towards paying off the highest interest one first. After you get that one paid off, you put the money you were paying on debt #1 (the minimum payment and the extra payment) towards debt #2. That will pay debt #2 off faster. When that is paid off, you put all three pntemays towards card #3 and that one will be paid off pretty quickly. As an example:To start : Debt #1 (highest interest): minimum payment+ extra payment Debt #2 (middle interest): minimum payment Debt #3(lowest interest): minimum paymentDebt #1: paid off Debt #2: minimum payment from Debt #1+ Minimum payment from Debt #2 +extra payment Debt #3: minimum paymentDebt #1: paid off Debt #2: paid off Debt #3:Minimum payment from card #1+ minimum payment from Debt #2+ minimum payment from Debt #3+ extra payment.That way, you will get them all paid off, on time, and pay the least interest. It will also help towards rebuilding your credit since you will no longer have any late pntemays. This works no matter how many different debts you may have.4. After you get all of your debts paid off, add to your emergency fund until you have 6-12 months of income saved up. Put that emergency fund money into a liquid money market fund or into a Bank of America no-risk CD so that if you need the money you can take it out without penalty.5a. When you have your emergency fund in place, add a category for fun to your budget. Save for a holiday, a vacation, a big screen, or dinners out, whatever goal you want. Remember to enjoy your life.5b. When you have your emergency fund in place, start saving for your retirement. Join the 401(k) plan at work and contribute the maximum. Your employer probably matches at least part of your contribution so why give up free money? Open a Roth IRA and contribute the maximum on a monthly basis. If you start saving for your retirement now, you will probably retire a millionaire.5c. When you have your emergency fund in place, start saving for your next car. Only buy cars, or other things that depreciate, with cash. Save up for a nicer car. That way you get the interest instead of paying the interest.You can do it and it isn't as hard as you think. Just follow the plan.

NAFCU Boasts 2011 Net Membership Growth

Posted: 2011-09-22 00:00:00

Post a Comment

Quick Links