Products

Member Auto Sales Reports Record Performance

November 20, 2009
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... READ MORE

ALM and Corporate Stabilization

October 23, 2009
Patrick Totty ALM helps CUs manage spreads in the wake of NCUA assessments. In the wake of corporate credit union stabilization, asset/liability management (ALM) software and service vendors are seeing distinct reactions from credit unions—namely frustration, says Denny DeGroote, manager of ALM financial management services at The Members Group. As... READ MORE

Conference Demystifies Fraud, Compliance Issues

October 15, 2009
The CUNA Supervisory Committee and Internal Audit Conference , scheduled for Dec. 6-9 in Las Vegas, will cover hot topics including mortgage market fraud, compliance issues, and identity theft. At the conference, E. Michael Thomas, executive in charge of Crowe Horwath LLP, will present "Mortgage Market Fraud and Its New... READ MORE

Diversified Information Technologies Acquires ADS

October 15, 2009
Diversified Information Technologies a leading provider of document and information lifecycle solutions, announced that it has acquired Active Data Services Inc., a business process outsourcing firm headquartered in Raleigh-Durham, N.C. Diversified Information Technologies (Diversified) solutions manage the complete document and information lifecycle and include integrated records management for both physical... READ MORE

Who's Afraid of Decoupled Debit Cards?

September 23, 2009
Judy Dahl It’s an innovative product, and one CUs should keep an eye on. “Open a debit card account with us and we’ll link it to your existing checking account. You’ll earn rewards for every transaction.” This is the type of message some mega card issuers spread to convince consumers... READ MORE

One of 10 Robberies Targets CUs

September 23, 2009
Among the 1,278 financial institution robberies during the second quarter of 2009, 117 occurred at credit unions, according to statistics from the Federal Bureau of Investigation (FBI). That’s far less than banks suffered during this period (1,124) but more than thrifts (26) and mutual savings banks (11). Cash was taken... READ MORE

The Evolution of Credit Cards

September 23, 2009
    The credit card industry has certainly had a colorful past, but it’s now at a crossroads. Robert D. Manning The U.S. credit card industry’s lust for ever-greater profits—the highest in retail banking—has collided with the consumer-led recession and the collapse of the conglomerate structure of commercial banking. It... READ MORE

The First Supper

September 23, 2009
An embarrassing moment sparks a multibillion dollar industry. In 1949, Frank McNamara, head of the Hamilton Credit Corp., went out to eat with some of his buddies. At the dinner were Alfred Bloomingdale (grandson of the founder of Bloomingdale’s department store) and Ralph Sneider, McNamara’s attorney. The three men ate... READ MORE

Community Conference Is For All CUs

August 27, 2009
The Credit Union National Association's (CUNA) Community Credit Union & Growth Conference , Oct. 21-24 in Las Vegas, isn’t just for community credit unions. It’s for every credit union looking to reach out and grow their membership, including the young, ethnic groups, and the underserved. The conference spotlights credit unions’... READ MORE

Take the Paper Out of Lending

August 27, 2009
Eliminating paper from the lending process saves credit unions money and makes them more efficient, say Scott Cowan , vice president of sales and marketing, and Teri Rosquist , marketing assistant for Millennial Vision Inc . (MVI). Getting to that point takes some work, the right tools, and a new employee... READ MORE

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