Consumer Reports Praises Credit Unions for Excellent Service, Low Fees
93% of credit union members reported being “Highly Satisfied,” compared with 69% of customers from the four largest national banks.
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BECU Lowers Interest Rates for Over 30,000 Members
The credit union’s members will save nearly $3 million thanks to its Reprice Program, which proactively evaluates members’ credit scores and payment histories and lowers rates where possible.
Updated Small Entity Rule to Relieve 733 More Credit Unions
The NCUA announced that they would raise the asset threshold defining “small entities” to $100 million, making hundreds more credit unions eligible for regulatory relief under the Regulatory Flexibility Act.
BECU Lowers Interest Rates for Over 30,000 Members
The credit union’s members will save nearly $3 million thanks to its Reprice Program, which proactively evaluates members’ credit scores and payment histories and lowers rates where possible.
Credit Union Movement Writes Huge Savings “Check” to Northwest Members
Credit union membership saved the Northwest’s 4.5 million members $280 million in the past year. The tangible savings story is a good one for credit unions to share with the public.
Northwest Credit Unions Record Impressive Growth in Assets, Membership and Deposits
Northwest credit unions continue to trend well, according to an analysis of Q4 financial data by the NWCUA. Asset growth, ROA and net worth are all increasing, while charge-offs and delinquency ratios continue to decline.
Catalyst Strategic Solutions Offers Six Economic Signposts for the Road Ahead
Brian Turner, chief strategist for Catalyst Strategic Solutions, looks ahead to 2014 and offers six economic road signs he sees in credit unions’ future.
Free Auto Club Memberships Help Drive Loan Traffic to Peninsula Credit Union
Peninsula Credit Union has seen a big increase in auto-loan traffic after dropping rates and offering car buyers a free one-year membership in the Credit Union Auto Club.
Metsger Tells Oregon Credit Unions: Maintain the Public’s Trust
Higher interest rates are coming, new NCUA board member Rick Metsger said during a swing through Oregon this week, and he urged credit unions to have plans in place now to manage risk and protect their reputation.
In Oregon, Cheap to Finance and Drive
Oregon credit unions offer among the least expensive auto loans in the country. And as a bonus, it’s the least expensive state in which to own and drive a vehicle according to two bank monitoring sites releasing studies this week. Take a ride on the savings highway.
What is Pin-Authenticated Visa Debit and How Does it Impact My Credit Union?
Strategic Link business partner CSCU invites you to learn about PAVD and its impact to your debit card portfolio.
By the Numbers: Delinquencies Down as Northwest Credit Unions Continue to Grow
Northwest credit unions outpaced the region’s for-profit banks in total year-over-year asset, loan, deposit and capital growth in 2012 while also showing favorable trends in terms of delinquency rates.
Low-Yield Environment Set to Continue as Fed Votes to Keep Interest Rates Near Zero
The Federal Reserve’s Federal Open Market Committee voted this week to continue purchasing bonds and Treasuries and to hold the federal target fund interest rate steady at near-zero levels until unemployment falls below 6.5 percent.
GoBankingRates Study Credits TwinStar with Nation’s Best Savings Interest Rate
According to a study of savings accounts at more than 4,000 financial institutions, TwinStar Credit Union offers the highest savings account interest rate in the nation with its Planned Savings account, a program that encourages members to develop good savings habits.
Filene Study Shows Credit Union MBLs Outpaced Banks During Economic Downturn
Allowing credit unions to expand their commercial loan growth not only could help the economy, but also would improve the resiliency of their loan portfolios in times of economic stress, according to a recent Filene Research Institute study.
Point West Meets Net Worth Restoration Goal Two Years Early
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.
Oregon Legislative Update: May Primary Election Looms Large
This Oregon Legislative Update outlines the state’s upcoming primary election, detailing the attorney general race as well as a number of ballot measures that could potentially impact credit unions.
Invest in America and GM Team to Drive Auto Loans to Credit Unions
Invest in America, a Strategic Link Business Partner, is offering an excellent opportunity for credit unions to secure incremental auto financing through the Credit Union Member Discount from GM.