How do you optimize your web presence for search engines? The experts at Edge Multimedia share part one in a continuing series that will show you how to make the most of your search engine potential.
Credit unions offer more than financial services. Solarity Credit Union’s new video spotlights the deep economic and community impact credit unions make.
NCUA adopts revised reporting policy for troubled debt restructuring. Plus question of the week and legal briefs.
Whether you call them “Millennials” or “Gen Y,” one thing is clear: Consumers born since 1980 know precisely what they want in a financial institution, a new study shows, and many are finding the “outstanding customer experience” they seek at credit unions.
Financial institutions might be inclined to dismiss Generation Y, because Millennials are struggling financially. But Gen Y is still very optimistic about its financial future, and you should be optimistic, too.
FinCEN has issued a new ruling on the treatment of armored car service transactions. Our compliance report details the impact on credit unions.
Can we cash a Savings Bond using a Power of Attorney? A member is presenting us with bonds payable to her mother, who had not endorsed them. Can we negotiate the bonds since the daughter has power-of-attorney?
The Consumer Financial Protection Bureau’s final remittance transfer rule takes effect October 28. The rule was delayed for eight months after credit unions requested more weigh in with the regulator. The NWCUA and Northwest credit unions did offer comments and while some relief was granted, the outcome isn’t all credit unions hoped for.
The CFPB is seeking comment on four proposed changes to the Remittance Transfer Rule, all of which are considered beneficial to financial institutions that will continue offering remittance transfer services.
Co-Op Financial Services, a Strategic Link business partner, writes about the many benefits of shared branching. By giving members access to more than 5,000 additional locations through other participating credit unions, your credit union’s footprint grows to become the fourth-largest branching network in the country.
FinCEN has released an advisory providing guidance to financial institutions when filing SARS on activities related to third-party payment processors. It is designed to further the Department of Treasury’s efforts to protect against money laundering and terrorist financing.
First Tech Federal Credit Union has announced the appointment of Gregory Mitchell to the position of president/CEO. Mitchell’s community banking and financial institution career spans more than three decades.
Administrative Ruling Regarding the Participation of Associations of Financial Institutions in the 314(b) Program
FinCEN has defined the term “association of financial institutions” as “a group or organization the membership of which is comprised entirely of financial institutions.” An association of financial institutions may share information under section 314(b) of the USA PATRIOT Act.
Jeff Russell, president and CEO of TMG Financial Services and a keynote speaker at the NWCUA’s 2012 Convention, explains how times have changed for credit unions, and how they can use a challenging economy as an opportunity to build membership.
Just three years after creating a painful Net Worth Restoration Plan, Point West Credit Union comes out of the cold to celebrate its 80th anniversary boasting a healthier 5.95 percent net worth ratio as of Q4 2011 and more than $80 million in assets.
FinCEN is issuing guidance to clarify, for currency transaction reporting purposes, the aggregation of multiple transactions conducted by businesses with common ownership.
Despite the remaining confusion in the marketplace about the implications of new regulations, you know that your members expect you to provide the services they need.