• Credit union standouts receive honor
    Joseph Melbourne, CEO and president of CFE FCU, and Jason Brodeur, CEO of Seminole County Chamber of Commerce, will be honored by the Orlando Business Journal, along with 22 other leading executives, as top CEOs in the Orlando area for 2016. Melbourne, at right, has served on the LSCU Service Corporation (LEVERAGE) Board since 2008, and Brodeur […]
  • CUACG provides protection in wake of Wells Fargo scandal
      Sen. Richard Shelby, R-AL, chairman of the Senate Banking Committee, decided Monday to hold committee hearings to determine from Wells Fargo how more than 2 million credit card and bank accounts were opened in the names of customers. Since 2011, Wells Fargo employees have set up credit cards without customers’ consent resulting in fines […]
  • Non-interest income sources rising for credit unions
    Non-interest income sources continue to emerge within the credit union industry with limited options for income reporting and composition on the 5300 Call Report.  Earlier this summer, Callahan & Associates surveyed 170 credit union executives from 40 states to gain insight into their current and emerging sources of non-interest income. The Non-Interest Income survey focused […]
  • Vining Sparks talks auto loan trends
    During the last five years, credit unions have seen overall loan growth averaging 4%, while vehicle portfolios have more than doubled that amount. Vehicle balances now make up 38% of credit union loan portfolios resulting in a more than $100 billion increase on balance sheets. The vast majority of this growth comes through indirect channels […]
  • Vendor Management: A fit solution for every credit union
    Credit unions are under increased pressure to find ways to better manage third-party vendor relationships. To maintain compliance, credit unions need to have systems in place to ensure that they meet standards for managing their third-party agreements. A sound contract management system will provide peace-of-mind when preparing for your next exam, without draining the vital […]
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