OAK RIDGE, Tenn.—Y-12 FCU increased its loan volume by more than 25% over a two-year period thanks to streamlining its lending operations, introducing new products and not being afraid to prudently take on more risk.
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SAN JUAN, Puerto Rico—In 17 of the rural districts in Puerto Rico there continues to be no bank presence. Instead, the areas are served only by financial cooperatives that one person says are in need of support from their U.S counterparts to help keep this island economy afloat.
JACKSONVILLE, Fla.—One credit union that has grown business services members by a double-digit percentage each of the last 10 years says the secret to that success is simple.
WASHINGTON–Credit union-sponsored races drew big crowds and raised big money for charity on both coasts on Sunday.
BOSTON—A number of financial institutions, particularly major banks, are turning to artificial intelligence (AI) to help them with their anti-money laundering (AML) programs.
WINSTON-SALEM, N.C.—The CEO of the credit union at the heart of the battle for the Credit Union Membership Access Act says he won’t forget the character, fortitude and teamwork that led CUs to victory 20 years ago.
WASHINGTON—In the face of ongoing legal threats, credit unions are spending money to make adjustments to their websites so as to make them more accessible to those with disabilities and to also stay out of attorneys’ crosshairs.
AURORA, Colo.—Changing a credit union’s business model to serve the underserved is a major undertaking that takes years to perfect, says one CU that began moving in that direction in the early 2000s.
WASHINGTON—The impact of a U.S. District Court invalidating two provisions in NCUA’s expanded field of membership rules will likely lead to much more red tape for credit unions, say experts.
ST. PETERSBURG, Fla.–Perhaps it’s now time for CSI: Credit Union Payments, as new analyses are being used to uncover the fraud “needles” in the payments “haystack.”