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Latest Credit Union Industry Press Releases Posted on CreditUnions.com
Updated: 40 min 12 sec ago

AFFINITY FEDERAL CREDIT UNION IN DENVILLE HOSTS BUSINESS NETWORKING EVENT

Wed, 03/10/2010 - 9:01am
A networking event will be held for the Denville and Dover local business community, sponsored by the Denville branch of Affinity Federal Credit Union. Appetizers and beverages will be served....[Read Full Release]

AFFINITY FCU FOUNDATION OFFERS SCHOLARSHIP TO OFFSET RISING TUITION COSTS

Wed, 03/10/2010 - 9:00am
At a time when tuition costs continue to rise, Affinity Federal Credit Union, New Jersey’s largest credit union, is once again accepting applications for its annual scholarship program. The program is funded by the Affinity Foundation, a 501(c)(3) charity corporation. ...[Read Full Release]

CU Exec Cautions Time Running Out for Mortgage Tax Credit

Wed, 03/10/2010 - 8:42am
For consumers thinking of a buying a new home, credit union executive recommends doing it sooner than April 30th, the better! As a large provider of mortgages in Franklin, Fulton and the Borough of Shippensburg in Pennsylvania and Washington County, Maryland, Patriot Federal Credit Union COO, Michael Silvers, wants home buyers to take advantage of the federal rebate program that ends April 30, 2010!...[Read Full Release]

PM Systems Sees the Future, Creates Video Marketing Division

Wed, 03/10/2010 - 5:45am
Company sees video as an innovative marketing channel playing a role in helping the financial industry continue to grow by attracting members across all age segments....[Read Full Release]

PSCU Financial Services Renews Chairman’s Roundtable Sponsorship With Filene Research Institute

Wed, 03/10/2010 - 5:39am
– PSCU Financial Services announced today it has signed another three-year commitment as a Chairman’s Roundtable gifter for the Filene Research Institute. PSCU Financial Services, the nation’s largest CUSO, was the organization’s first Chairman’s Roundtable sponsor six years ago and its participation has encouraged contributions from other CUSOs and industry groups. The company’s funding will be used to underwrite research into innovative new products designed to meet evolving consumer finance n...[Read Full Release]

CUSO Helps Credit Unions Promote 'Locally-Owned'

Tue, 03/09/2010 - 10:09am
Xtend, Inc., a Grand Rapids, Michigan-based multi-owned cooperative CUSO, recently helped thirty credit unions get the message out to members reminding them of the importance of supporting locally owned financial institutions for all of their savings and lending needs. On February 18th, more than 125,000 electronic communications were delivered to members of those thirty credit unions nationwide through a combination of Email and online banking messages. ...[Read Full Release]

eDOC Leverages Strategic User Group

Tue, 03/09/2010 - 10:07am
eDOC Innovations, a leading e-Document management CUSO serving over 400 credit unions nationwide, has announced the formation of its first peer User Group. Conceived through collaboration, eDOC’s User Group is currently composed of participants form thirteen credit unions that utilize eDOC’s "go green" solutions and the CU*Answers core processing platform. The User Group participates in web conferences monthly to brainstorm on ways to leverage the partnership and resources available from within ...[Read Full Release]

MEMBERS Development Company Announces New 2010 Board Officers

Tue, 03/09/2010 - 7:49am
MADISON, Wis. - MEMBERS Development Company (MDC), a CUSO dedicated to research and development for the credit union industry, announces new officers of its board of directors. Dave Mooney has been named the chairman of the board. Charlie Mallon and Bob Petty have been elected to three-year terms on the board of directors. ...[Read Full Release]

PRIMARY FINANCIAL NAMES NEW BOARD MEMBER

Tue, 03/09/2010 - 3:30am
WESTERVILLE, OH - Primary Financial Company LLC, a credit union service organization (CUSO) owned by twenty-seven corporate credit unions, recently appointed Mike Lee, Vice President, Member Relations, Midwest Region, Member’s United Federal Credit Union, as its newest board member. Lee replaces Lew Lambert, who had served on the Primary Financial board since 2003 and was the board chair at the time of his retirement....[Read Full Release]

PSCU Partners with American Red Cross to Save Lives

Mon, 03/08/2010 - 2:20pm
Walnut Creek, Calif., March 8, 2010 – For the past eight years, Pacific Service Credit Union has partnered with the American Red Cross Bay Area for the annual CPR Saturday events around the Bay. On Saturday, March 13, 2010, the Red Cross will provide free CPR training to more than 2,500 Bay Area residents at 10 training sites. "We support the mission of the Red Cross events to prepare citizens of our local communities to better respond to emergencies," said Steve Punch, president of Pacific...[Read Full Release]

Summit Credit Union One of First Madison-area Financials to Offer WHEDA 100% Home Financing Loans

Mon, 03/08/2010 - 12:45pm
MADISON, Wis. - Summit Credit Union has partnered with the Wisconsin Home and Economic Authority (WHEDA) to offer the new Fannie Mae Advantage mortgage, designed specifically for first-time home buyers....[Read Full Release]

TMG Adds Card Services Personnel

Mon, 03/08/2010 - 11:38am
TMG (The Members Group) has added two employees to its Card Services division - Kathy Rhoads and Sandy Bland. ...[Read Full Release]

Tough economy, growing losses heighten focus on Allowance for Loan Loss policy

Mon, 03/08/2010 - 11:26am
Washington, D.C. (March 8, 2010) – With escalating delinquencies and write offs, examiners and auditors continue to zero in on how credit unions determine their allowance for loan loss (ALL) – and whether those provisions are adequate. To help credit unions respond and ensure a well-thought-out strategy, Callahan & Associates has partnered with Sacher Consulting. Together, they are offering a comprehensive package that includes a customizable ALL policy, consulting and access to relevant webinar...[Read Full Release]

myCUmortgage pays its partners

Mon, 03/08/2010 - 11:11am
FAIRBORN, Ohio (March 8, 2010) ? Payback is great, according to nearly 70 credit union partners of myCUmortgage® [www.mycumortgagepartners.com]. The credit union mortgage service provider paid more than $2.5 million to its partners in return for purchasing mortgage loans. ...[Read Full Release]

One small Change Can Reduce Expenses

Mon, 03/08/2010 - 10:31am
One small Change Can Reduce Expenses And Help You GO GREEN Replace Expensive Drive-Thu Envelopes?? St. Charles, IL (March 8, 2010) – One small change to reuse in lieu of refuse is helping financial institutions across the country help the environment. For the last 30-40 years, financial institutions have been using single-time use paper drive-up envelopes to return receipts and/or money to their customers in drive-thru lanes. Not only is this a harmful to the environment but it is la...[Read Full Release]

Low Interest Rate Environment is Foundation for New Educational Series

Mon, 03/08/2010 - 10:27am
With short term rates anticipated to be low for extended periods of time, managing credit union investments will require difficult decisions for credit union professionals. In an effort to educate the credit union community, Goldman Sachs Asset Management and the Trust for Credit Unions Mutual Fund Family are hosting an educational webinar series this spring titled: "Fixed Income University." ...[Read Full Release]

2010 Credit Union Cherry Blossom Run® Earns Support of 39 U.S. Senators, Representatives

Mon, 03/08/2010 - 10:00am
Thirty nine members of the U.S. Congress have provided their support for the 2010 Credit Union Cherry Blossom Ten Mile Run® by signing up as Honorary Race Chairs. These legislators represent 22 states and the District of Columbia. The run will be held in the nation’s capital on Sunday, April 11. ...[Read Full Release]

Social Media is a Key to Member Engagement

Mon, 03/08/2010 - 8:57am
Now is the time for credit unions to take full advantage of social media, says Market and Sales Logic CEO Kristin Witzenburg, publisher of Money Matters magazine....[Read Full Release]

Michigan First Credit Union Adds Features to Online Banking Services

Mon, 03/08/2010 - 8:05am
Michigan First Credit Union (www.MichiganFirst.com) today announced recent enhancements to its online banking services, including new personal finance management (PFM) capabilities, such as Twitter alerts. Michigan First continues to look at new ways to make banking easy and convenient for its members....[Read Full Release]

DeepTarget Momentum Grows…Highest Adoption Rate Ever

Mon, 03/08/2010 - 6:45am
Huntsville, AL, March 8, 2010 – DeepTarget Inc. (www.deeptarget.com) today announced that Colorado-based Electrical Federal Credit Union and Alabama-based Wolverine Credit Union have selected DeepTarget OLB for targeted marketing within their online banking environment. They join ten other recent customers with EPL’s online banking platform. In addition, other EPL clients are currently in the evaluation phase for DeepTarget. Todd Proulx, EPL’s Vice President of Sales, said "DeepTarget is ...[Read Full Release]