The ORNL Federal Credit Union Board of Directors approved a $5 million special dividend to be shared across the membership, and it was issued to members Oct. 21. This was the fifth consecutive year a special dividend was issued, totaling more than $21 million.
CrossState Credit Union Association leaders appeared on Pennsylvania Newsmakers recently to discuss the growth of mobile banking and how it protects against fraud, is changing consumer behavior, and replacing old methods of payment.
More than 17,000 gallons of diesel fuel is being distributed to credit union member farmers in Ukraine free of charge, as part of Worldwide Foundation for Credit Unions (WFCU) ongoing relief activities there.
CUNA Strategic Services announced Equifax, a global data, analytics and technology company, as an alliance provider. It is the first nationwide credit reporting agency to join the CSS roster of providers.
Despite year-to-year growth in overall membership and total assets for the global credit union movement, World Council of Credit Unions’ 2021 Statistical Report shows major gaps in key product and service offerings have resulted in different priorities and risk concerns.
Michigan Credit Union League President/CEO Patty Corkery appeared on Good Day Northern Michigan earlier this month to talk about the credit union difference and more. Michigan credit unions saved members more $499.9 million in direct household benefits last year.
More than 74,000 participating Dupaco Community Credit Union member-owners received a share of nearly $3.7 million in bonus patronage dividends for 2022. The special payout to participating members happened Oct. 20, to coincide with International Credit Union Day.
America’s Credit Union Museum held the official unveiling of its newest exhibit “Credit Union Women Making History: Herstory,” inducting a range of credit union women to the exhibit based on outstanding achievements in the credit union industry.
Credit union loans outstanding increased 1.9% in August, compared to a similar 1.9% increase in July of 2022 and a 1.0% increase in August of 2021, according to CUNA's latest Monthly Credit Union Estimates. Other mortgage loans led loan growth during the month, rising 3.9%.
Lessons learned and changes made at the prompting of the World Councilof Credit Unions' Credit for Agriculture Producers (CAP) Project during the COVID-19 pandemic have helped Ukrainian credit unions adapt to the stress and challenges brought on by the country’s war with Russia.