Press

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PenFed addresses its membership at 80th annual meeting

PenFed CEO cites strong growth and earnings ALEXANDRIA, VA (May 19, 2015) -- In a night filled with gratitude for the credit union’s members and praise for its employees, wrapped in a patriotic theme, James Schenck, president and CEO of PenFed Credit Union reported ...

FSOC report calls for NCUA vendor authority

Matz Urges Credit Unions to Review Recommendations on Cybersecurity, Interest-Rate Risk and Asset-Liability Management ALEXANDRIA, VA (May 19, 2015) – National Credit Union Administration Board Chairman Debbie Matz made this statement following today’s release of the Financial Stability Oversight Council’s 2015 annual report: “I ...

Hanscom FCU presents Honor Guard Award to Jordan Gauthier

Hanscom AFB, MA (May 19, 2015 ) -- Lowell High School senior and JROTC cadet Jordan Gauthier received the 2014 Hanscom FCU Honor Guard Award. The award, which includes a $500 scholarship, is given annually to a senior member of the honor guard team. “We are ...

Fiserv prices $1.75 billion senior notes offering

BROOKFIELD, WI (May 19, 2015) -- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that it has priced a public offering of $1.75 billion aggregate principal amount of senior notes consisting of the following: $850 million of ...

TMG and TMG Financial Services receive prestigious marketing honors

DES MOINES, IA (May 19, 2015) -- Payments processor TMG (The Members Group) and its sister company, top-70 credit card agent issuer TMG Financial Services (TMGFS), each received recognition from the Iowa Chapter of the American Marketing Association (AMA Iowa). Both companies earned multiple NOVA ...

Measuring collection department results challenging the status quo

WYOMING, MN (May 19, 2015) -- Most companies apply performance measurements to evaluate their success at reaching targets, as well as their effectiveness in achieving key business objectives. Credit union collection departments also look at performance indicators to measure recoveries, delinquency levels, and the number ...

GKCU awards more scholarships to Class of 2015

GEORGETOWN, SC (May 19, 2015) -- GKCU is honored to recognize ten area high school seniors from the graduating class of 2015 as this year’s GKCU Scholarship recipients. Each recipient is awarded a $1,000 scholarship that can be used as a supplement to ...

Delta Community announces 2015 Scholarship Winners

Credit Union Awards $20,000 in Scholarships to Five Students ATLANTA, GA (May 19, 2015) -- Delta Community Credit Union (www.DeltaCommunityCU.com), Georgia’s largest credit union with $4.8 billion in assets and more than 317,000 members, announces the 2015 recipients of ...

Prepared remarks of Richard Cordray, Director of the CFPB

PayPal Credit Enforcement Action  WASHINGTON, D.C. (May 19, 2015) -- Thank you for joining us on this call.  Today, the Consumer Financial Protection Bureau is filing a complaint and a proposed consent order against PayPal for illegally signing up and billing tens of thousands ...

Brian Hickox joins People’s CU Financial Services at People’s Credit Union

Financial advisor will provide members retirement planning, wealth management solutions MIDDLETOWN, RI (May 19, 2015) -- Brian Hickox has joined People’s Credit Union as a financial advisor, exclusively serving the credit union’s membership through People’s CU Financial Services, a financial advisor with ...

Veridian Credit Union doubles attendance at Community Shred Day

WATERLOO, IA (May 18, 2015) -- Veridian Credit Union held a free Community Shred Day on Saturday, May 16 at five Veridian branches across the state. The event drew more than 2,472 people who safely discarded 61,792 pounds of private documents, more than ...

Honor Credit Union – 3rd Annual Video Challenge winners

NEGAUNEE, MI (May 13, 2015) -- Honor Credit Union’s 3rd Annual Video Challenge results are in! Winning the $3,000 first place prize with a video showcasing Honor’s Mobile Banking App was Ishpeming High School’s Broadcasting class. Mattawan High School’s Broadcasting ...

Powered By Honor donates $1,500 to Eleanor’s Pantry

PAW PAW, MI (May 19, 2015) -- Powered By Honor is proud to support Eleanor’s Pantry with a $1,500 donation. Eleanor’s Pantry is a food pantry in Paw Paw, Michigan serving those in need in Van Buren County, one of the poorest ...

Auto Financial Group & CU Direct announce cutting edge partnership

HOUSTON, TX (May 19, 2015) -- Auto Financial Group, Inc. (AFG), an online provider of innovative financing products for credit unions and banks, announces a new partnership with CU Direct, the leading provider of lending, automotive and strategic solutions to the credit union industry. Together, ...

Record crowd for annual PVFCU Neighborhood Connection

HARRISONBURG, VA (May 19, 2015) -- More than 1150 members attended the Annual Park View Federal Credit Union (PVFCU) Neighborhood Connection: Rooted in the Community, on May 7. Members enjoyed a complimentary dinner that included root beer floats. Many members attended one of the 3 ...

NAFCU letter to CFPB on the credit card market

(May 18, 2015) -- Ms. Monica Jackson Office of Executive Secretary Consumer Financial Protection Bureau 1700 G Street NW Washington, D.C. 20552 RE: Request for Information Regarding Credit Card Market (Docket No. CFPB-2015-0007) Dear Ms. Jackson: On behalf of the National Association of Federal ...

PSECU provides financial literacy component for PA GEAR UP-3 grant

HARRISBURG, PA (May 19, 2015) -- PSECU will provide the financial literacy component for the PA GEAR UP-3 grant awarded to Pennsylvania’s State System of Higher Education (State System). GEAR UP stands for Gaining Early Awareness and Readiness for Undergraduate Programs. This grant-funded program ...