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SAFE Credit Union Strikes Gold with New Sacramento Deal

The Golden State just got a lot more golden for a longtime Sacramento-based credit union. SAFE Credit Union has signed a $23 million deal with the city of Sacramento that includes a major boost to the...

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Credit Union Times: Taxi Fallout Tests CU’s Reputation

By David Baumann Credit unions like to paint bankers as greedy – working for their shareholders rather than their customers. Credit union leaders, they have said, are more benevolent – working ...

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Introducing the NCUA Board Meeting’s Saving Grace, Todd Harper

A surprise hero has emerged from a recent NCUA Board Meeting as the new voice of reason: Board Member Todd Harper. On Thursday, June 20, NCUA held its monthly board meeting- this time to discuss yet a...

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Credit Union Gouges $13/hr Employee with $800 Fees in One Month

Working as a dishwasher at the Philadelphia Marriott Downtown, Amos Troyah made about $30,000 in a recent 12-month period. Roughly $2,000 of it was spent on an especially frequent expense: fees on his...

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Is NCUA Putting Taxpayers at Risk?

The National Credit Union Administration (NCUA), the independent agency created by Congress to regulate and supervise credit unions, is once again failing to fulfill its responsibilities (not that any...

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Credit Union Spends Member Funds on Ritzy New Offices

An ambitious, and sweeping, new Hillsboro campus is welcoming waves of First Tech Federal Credit Union workers. The Mountain View, Calif.-based credit union unveiled its 156,000-square-foot corpo...

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WSJ Readers Sound Off on Credit Union Tax Status

By the looks of the comments on the Wall Street Journal article we summarized yesterday, we aren’t the only ones recognizing that the tax-exempt status of large credit unions is a major problem....

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Another Small Bank Absorbed by Massive Credit Union

DELRAY BEACH, FL (July 26, 2018) — The $1.1 billion IBM Southeast Employees’ Credit Union  (IBMSECU) in Delray Beach, Florida, is proud to announce the proposed merger and acquisition o...

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Explore Credit Union’s Friday Shot/Chaser, Holiday Edition

Shot: NAFCU president Dan Berger writes a letter to the CFPB asking them to “exclude credit unions from burdensome regulations” because he claims credit unions “actually help their communities.&...

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CONGRESS

Klein – A Compelling Argument for Congress to Reevaluate Credit Union Membership

The vast majority of credit unions in America happily serve their important mission of providing financial services to well-defined communities. A small handful, however, desire to grow into national ...

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