News Archives

The ghostly lessons learned by some CUs

The ghostly lessons learned by some CUs

They are memories that haunt credit union leaders to this day–simultaneous conversions, branches in “un-nice” places, and even a “Boogie Man Of Ambition.” They’re also the kinds of ghoulish lessons in management those [...]

How to survive the future of banking

How to survive the future of banking

Banking careers are being disrupted every day due to the confluence of technology and competition. The traditional career path of being hired and automatically moving up through an organization due to mutual loyalty between a [...]

CEFCU expands used-auto program w/ $600K CDFI grant

CEFCU expands used-auto program w/ $600K CDFI grant

The Treasury’s Community Development Financial Institutions (CDFI) Fund awarded Cutting Edge FCU (CEFCU) a $600,000 in grant funding to expand the credit union’s affordable used-auto loan program for low-income members. CEFCU has [...]

Value volunteers’ expertise

Value volunteers’ expertise

Every director brings a unique perspective to the board. Alejandra “Ale” Spray is no different. As marketing director for a construction firm, Spray offers the Bellco Credit Union board 20 years of expertise in marketing [...]

IRS revokes credit union’s tax exempt status

IRS revokes credit union’s tax exempt status

The IRS has revoked the tax-exempt status of a financially troubled California credit union. The $590,634 Jones Methodist Church Credit Union in San Francisco, chartered in 1953 for its members who were being redlined [...]

Is hurricane season over yet?

Is hurricane season over yet?

Hi everyone, It has been a busy hurricane season this year in the Atlantic and Pacific with Hurricanes Florence, Michael and Olivia, just to name a few, and the hurricane season for those areas does [...]