Most of the practices deemed unfair or deceptive by the Federal Reserve have disappeared from new credit card offers since
federal passage of the Credit CARD Act last year, according to a new report by the Pew Health Group's Safe Credit Cards Project.
Yet new trends have emerged that could cost cardholders significantly.
During 2008, New Orleans Firemen’s Federal Credit Union’s loan portfolio was mired in a slow decline. Loan application
volume was healthy, but too many loans didn’t close due to inadequate employee follow-up, long decision times, and overly
stringent lending guidelines. CU: New Orleans Firemen’s FCU Challenge: Declining loan portfolio Solution:...
CUNA Senior Economist Steve Rick The unthinkable has become routine, Credit Union National Association Senior Economist Steve Rick maintains during a Credit Union Magazine Webinar . Such events have a major impact on the economy and credit unions, he says, namely: The events of Sept. 11; The financial meltdown on...
Member Auto Sales has logged record sales since June, selling more than 150 vehicles in June, July, and August—due largely to the benefits the company offers consumers in the pre-owned market. Member Auto Sales is a Houston-based, credit union-owned car sales outlet developed to help credit unions decrease loan losses...
CUNA wrote in support of legislation Monday that is a step forward in addressing the threat of litigation under the Americans With Disabilities Act, urging legislators to consider how credit unions are being impacted by frivolous litigation.
After weeks of hurricanes, and now wildfires, it’s more important than ever for credit unions to be prepared for disasters. Federally insured credit unions are required to have disaster recovery and business resumption plans.