Press

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Consumer Financial Protection Bureau launches financial coaching initiative

Program targets transitioning veterans and economically vulnerable consumers WASHINGTON, DC (May 20, 2015) — Today the Consumer Financial Protection Bureau (CFPB) is launching its Financial Coaching Initiative, targeting recently-transitioned veterans and economically vulnerable consumers to help them with their financial goals. The program places 60 certified ...

Credit union holds collection drive for animal rescue

GLENDALE, AZ (May 20, 2015) -- Credit Union West will be collecting food and supplies to benefit Home ‘Fur’ Good Animal Rescue and Placement. The drive will be held the month of June at each of their branch locations. The rescue’s mission is to ...

Focus Federal Credit Union wins Best of Business again

OKLAHOMA CITY, OK (May 20, 2015) -- For the third year in a row, Focus Federal Credit Union has been recognized by okc.Biz for their excellence in lending. Each year, okc.Biz presents Best of Business, a reader driven nomination and voting awards process. ...

Spring cleaning: DCECU employees clean up boulevard

MIDLAND, MI (May 20, 2015) -- Recently, Dow Chemical Employees’ Credit Union staff members took advantage of an afternoon of pleasant spring weather to clean almost a mile of the boulevard area in front of the credit union. Wearing brightly colored reflector vests, employees cleaned ...

May issue of The NCUA Report now available

ALEXANDRIA, VA (May 20, 2015) – The National Credit Union Administration announced today the May 2015 issue of The NCUA Report is now available online. This latest issue includes columns from NCUA Board Chairman Debbie Matz, Vice Chairman Rick Metsger and Board Member J. Mark McWatters. ...

Sb1 Federal Credit Union selects 10 scholarship winners

PHILADELPHIA, PA (May 20, 2015) -- Sb1 Federal Credit Union is pleased to announce the 10 winners of their 6th annual college scholarship program. Each winner will receive a $1,000 award. "We are pleased to offer scholarships to these gifted, hard-working and community focused ...

CUNA Mutual Group names Michael G. Valentine to Board Of Directors

President/CEO of Baxter Credit Union brings 34 years of financial services expertise to role; replaces retiring Director Eldon R. Arnold MADISON, WI (May 20, 2015) -- CUNA Mutual Group has appointed Michael G. Valentine to its Board of Directors. Effective May 13, he replaces ...

CU executive honored for financial management achievements

MADISON, WI (May 20, 2015) -- This past week, the first-ever CFO Professional of the Year Award was presented to Vincent J. Market, EVP and CFO, TruMark Financial Credit Union in Trevose, Pennsylvania. Market was honored for his achievements and dedication to his credit union ...

Minnesota credit union loans grow by nearly $1 billion

ST. PAUL, MN (May 18, 2015) -- Preliminary data released by the National Credit Union Administration (NCUA) show that Minnesota credit unions experienced robust year-over-year growth in assets, deposits and loans between the first quarters of 2014 and 2015. Growth includes $927 million in assets, $...

Minnesota enacts prize-linked savings bill

ST. PAUL, MN (May 18, 2015) -- Minnesota Gov. Mark Dayton signed into law H.F. 1127/S.F. 1043 last week, a bill authorizing credit unions in the state to offer prize-linked savings (PLS) accounts. This marks the 13th state to enact such a ...

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 ...