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Tag: Credit Unions


Activity, Corporate Banking

Wisconsin credit union targets Illinois bank in 6th such tie-up of 2022

April 28, 2022

Via: Banking Dive

CoVantage CEO Charlie Zanayed cited LincolnWay’s success in commercial development and real estate lending as a net positive for the credit union in the deal. “By partnering with LincolnWay Community businesses, we can deliver the size and scale that is […]


Capital and Risk, Credit

Credit unions seek injunction blocking enforcement of NY law reducing debt judgment interest rate

April 15, 2022

Via: JD Supra

Three credit unions have filed a federal class action lawsuit in the Southern District of New York seeking to halt the enforcement or implementation of New York’s recently passed S.B. 5724A which would retroactively and prospectively lower the statutory annual […]


Activity, Corporate Banking

Should More Community Banks Be B Corporations?

February 21, 2022

Via: Bank Director

Banks face a highly competitive landscape filled with thousands of other banks, credit unions and financial technology companies. Could proving your values be a powerful way to differentiate your institution in such an environment? A 2021 Edelman survey found that […]


News

Georgia-based credit unions propose merger

February 3, 2022

Via: Banking Dive

Georgia’s Own Credit Union is kicking off the new year with ambitions to grow by consolidation. A merger with United 1st would expand its reach into the southeastern part of the state. Georgia’s Own, which boasts 30 locations, said it […]


Capital and Risk, Credit, Regulations

Digital-only credit union latest institution to scrap overdraft fees

August 5, 2021

Via: Banking Dive

Alliant Credit Union, a digital-only credit union with a national reach, said it will stop charging customers fees when they overdraw their accounts. The Chicago-based credit union’s announcement follows a similar one made by Detroit-based lender Ally Bank in June, […]


Capital and Risk, Credit

US core banking vendor Nymbus sets up new business for credit unions

April 7, 2021

Via: FinTech Futures

Called a credit union service organisation (CUSO), the new entity – dubbed Nymbus CUSO – will focus on connecting credit unions with fintech offerings. The core banking provider hopes the CUSO will generate new revenue streams for those credit unions […]


Activity, Capital and Risk, Corporate Banking, Credit

Credit unions top Fed survey of small-business lending satisfaction

February 5, 2021

Via: Banking Dive

The Fed’s annual survey, canvassing 15,000 businesses, gives another perspective on the effectiveness of pandemic-prompted relief programs. About 91% of respondents applied for emergency funding during the pandemic, the survey found. For 82%, that was the Paycheck Protection Program (PPP). […]


Capital and Risk, Credit, Regulations

PPP portal access to expand to small banks Friday, all lenders Tuesday

January 14, 2021

Via: Banking Dive

The gradual rollout was meant to give smaller institutions an early advantage in accessing the $284 billion shuttled to PPP through a coronavirus aid bill signed Dec. 27. But the timeline gives community banks and credit unions one business day […]


Capital and Risk, Credit

Fiserv signs five more credit unions to DNA

December 7, 2017

Via: Finextra

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that five credit unions, with assets between $400M and $2.7B, will leverage core account processing and additional solutions from Fiserv to enhance their ability to […]


Capital and Risk, Credit

Best Credit Unions: 18 Top Picks for International Credit Union Day

October 9, 2017

Via: GOBankingRates

Credit unions are nonprofit financial institutions that are owned by their members — and for many, they’re a popular alternative to national and community banks. In honor of International Credit Union Day — celebrated annually on the third Thursday of […]


Retail Banking

15 Best Credit Union Credit Cards

July 14, 2017

Via: GOBankingRates

Credit unions often outpace banking competitors with lower interest rates and generous perks — and credit union credit cards are no different. You can apply for a credit card online and choose from several credit card options that offer plenty […]


Retail Banking

The average credit union overdraft fee has almost doubled since 2000

March 28, 2017

Via: Market Watch

Anyone who’s paid a fee for overdrawing a bank account knows the sting and regret associated with it — not to mention the cost. If you felt the fee was way too high, it wasn’t your imagination. Overdraft fees have […]


Activity, Corporate Banking

New coalition to ensure fair banking software deals for community FIs

June 17, 2016

Via: Banking Technology

A new alliance of US community banks, credit unions and other financial institutions – Golden Contract Coalition (GCC) – launches to stand up to IT providers. GCC’s aim is to ensure fair market deals from the technology suppliers to its […]