#Credit Unions

Buy local, bank local? Upstate banks, credit unions connect communities

Though many large, national — and even international — banks have a presence in the Upstate, community banks and credit union executives say there’s still something about going local when it comes to where you bank. When a customer deposits their money in a local bank or purchases a CD...
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My Single Favorite Credit Card from Each Major Bank

I sometimes consider various credit cards to the extreme. After gleaning all I can from the major banks, I dive into those from smaller banks and credit unions. I analyze all cards along with their respective points ecosystems, which often involves holding different cards from the same bank. But I don’t often consider the best stand alone card from the heavy hitters (Amex, Chase, and Citi) – the one I would hold from each if I couldn’t hold any other. This hypothetical revalidates what makes each of them optimal for my situation and also highlights how others playing a slimmer-wallet game can benefit. Today, I’m describing my favorite credit card from each major issuer and what makes them great all by their lonesome. To be clear, I’m evaluating each bank for my specific spend situation, which varies widely by individual.
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3 reasons you should visit your credit union

As technology has progressed over the years, it’s hardly necessary to actually walk into your credit union for normal banking activities. You can deposit checks, check your balances, send money, and a lot more, all using that tiny computer in your front pocket (I’m talking about your smartphone). If you’re looking for a good excuse to visit the friendly faces at your credit union, here are three reasons you should still stop by your local branch…

The questions credit unions need to be asking

Credit unions are home to thousands of questions. We train our frontline staff to ask questions of our members — “is this a check you were expecting to receive?” “What denominations would you like that in?”. We ask questions of ourselves — “how can we best serve members?” “What’s the...

CUNA’s Donovan to speak at World Council financial inclusion webinar

CUNA Chief Advocacy Officer Ryan Donovan will be one of several speakers at the World Council of Credit Unions’ International Advocacy webinar, scheduled for Sept. 29 at 9 a.m. ET. Registration is now open for the webinar, which is titled “Credit Unions and the G20: The Push for Financial Inclusion.”
Credit Union Times

Four Credit Unions Appoint New CEOs

The $574 million ValleyStar Credit Union in Martinsville, Va. said it appointed Mike Warrell as president/CEO. He succeeds Lisa Lambrecht who served as interim CEO and continues to serve as ValleyStar’s executive vice president.

Simon Fell saddened by collapse of Barrow and District Credit Union

THE collapse of a group praised for keeping vulnerable people away from the clutches of loan sharks has been described as 'desperately sad'. Administrators have been called to Barrow and District Credit Union, a community savings and loans provider. More than a thousand people who used the credit union have...
Credit Union Times

Nebraska and Wyoming Credit Unions Plan Merger

The $65.5 million Western Heritage Federal Credit Union in Alliance, Neb. plans to merge with the $575 million Meridian Trust Federal Credit Union in Cheyenne, Wyo., the credit unions announced Monday. “This will ensure that we can continue to meet our members’ growing financial needs, while providing them with top...

Ascend once again named a top workplace

TULLAHOMA – For the sixth consecutive year, Ascend Federal Credit Union has been recognized by “American Banker” as one of the top 50 best credit unions to work for in the United States. Ascend is the only Tennessee credit union listed six times since the survey and awards program’s inception in 2014, and one of only two Tennessee credit unions that made the list of organizations honored this year. (The list was formerly produced by “Credit Union Journal,” which is now part of “American Banker.”)