Skip to main content

Maybe Credit Unions need to study their ABCs

Maybe credit unions need to study their ABCs: Beleaguered financial institutions in search of a way out and successful ones looking for the next winning formula need only tune into their markets.?? What are they saying? Factor the Fs:?? There's a whole parallel economy out there riding on the social interactions of families, friends and fans, which have largely been ignored by financial ...

Comments

Post a Comment

Please no profanity or political comments.

Popular posts from this blog

Sunday Reading - What's the point of a consumer electronics show?

  What's the point of a consumer electronics show? Consumer electronics shows are large convention-type events where companies debut new technologies and products. The largest and most notable shows are CES in Las Vegas, a trade show every January, and IFA Berlin, which takes place annually in September. The events have historically introduced novel, cutting-edge products that later became household standards, like HDTVs, VCRs, DVDs, and gaming consoles ( see list ).   Over time, these shows evolved from product showcases ( see last year's coolest gadgets ) into complex industry ecosystems, serving as a meeting ground for startups, multinational technology companies, investors, and the media. Hardware launches, keynote speeches, and...
Post a Comment
Read Complete Article HERE>»

Auto Link, Home Link, and CalcuLink Unite Under New Parent Brand: Centergy Solutions

Auto Link, Home Link, and CalcuLink Unite Under New Parent Brand: Centergy Solutions Auto Link announced a major rebrand that unifies its three established product lines- Auto Link, Home Link, and CalcuLink- under one cohesive parent brand. The transition marks a strategic evolution designed to simplify the company’s ecosystem, strengthen product synergy, and enhance the overall experience for credit unions and the members they serve. The new Centergy Solutions brand reflects the company’s mission to deliver a more connected and integrated suite of digital tools across auto and home lending, auto and home buying, and financial decision-making. From an operational perspective, the unified brand also allows Centergy Solutions to accelerate innovation and improve platform alignment. Under the new parent brand: • Auto Link continues to support financial institutions with industry-leading digital auto lending tools that boost member engagement and loan volume. • Home Link provides consume...
Post a Comment
Read Complete Article HERE>»

Eight Credit Unions Pay $42 Million in Special Dividends to 1.1 Million Members

  By  Jim DuPlessis   | January 05, 2026 at 04:00 PM So far this season, CU Times has tallied 19 credit unions, which have announced $160.3 million in special dividends for members.       Eight more credit unions have reported special dividends, paying their 1.1 million members $42.1 million in December and January. The bulk of the dividends came from Police and Fire Federal Credit Union of Philadelphia and Eastman Credit Union of Kingsport, Tenn., which each announced $16 million in rewards approved by their boards. The late January payout from Eastman ($9.7 billion, 356,492 members) will bring its total special dividends to $225 million since 1998. A news release from the credit union said “the Extraordinary Dividend is never guaranteed, but the strong financial performance of ECU in 2025 enabled the Board of Directors to approve this year’s $16 million payout.” Eastman’s $16 million payout represents about $47 per member and 19 basis points of its averag...
Post a Comment
Read Complete Article HERE>»

Temporary Corporate Credit Union Share Guarantee Expires December 31, 2012

NCUA LETTER TO CREDIT UNIONS NATIONAL CREDIT UNION ADMINISTRATION 1775 Duke Street, Alexandria, VA 22314 DATE: March 2012 LETTER No.: 12-CU-03 TO: Federally Insured Credit Unions SUBJ: Temporary Corporate Credit Union Share Guarantee Expires December 31, 2012 Page Content ​ Dear Board of Directors and Chief Executive Officers: We are entering the final phase in the successful stabilization of the corporate credit union system. By the end of this year, all products and services offered by conserved corporate credit unions will be seamlessly transitioned to other providers – with no interruption of service to members. In the meantime, all ongoing corporate credit unions are meeting NCUA’s higher regulatory standards for capital, investments, and governance. ***READ COMPLETE LETTER; Temporary Corporate Credit Union Share Guarantee Expires December 3...
Post a Comment
Read Complete Article HERE>»

What Trump’s ‘one big beautiful’ tax-and-spending package means for your money!

  Trump’s megabill will bring sweeping changes for household finances. President  Donald Trump  signed his “one big beautiful” tax-and-spending package on July 4 — legislation that will bring sweeping changes to Americans’ finances.  After the  Senate passed its version  on July 1, the House Republicans on July 3  voted to approve  the multi-trillion-dollar domestic policy legislation and send it to Trump’s desk for signature. The final bill makes permanent Trump’s  2017 tax cuts  while adding new relief, including a senior “bonus” to  offset Social Security taxes  and a  bigger state and local tax deduction . The plan also has tax breaks for  tip income , overtime pay and  auto loans , among other provisions.  The GOP’s marquee legislation will also enact deep spending cuts to social safety net programs such as  Medicaid  and food stamp benefits,  end tax credits tied to clean energy  an...
Post a Comment
Read Complete Article HERE>»

Become a Royal Credit Union

Welcome Royal Member Services Royal Member Services About Royal   We stand behind the most dependable automotive service plans in the business. We offer a range of automotive service plans for new and used vehicles that provide exceptional protection against repair costs while increasing dealer value on each and every sale. Our plans are backed by more than 50 years of dependability and customer satisfaction. We offer a world-class service organization, marketing, training, and a complete line of services. We have plans to fit most every vehicle and consumer budget. Call today and put Roya...
Post a Comment
Read Complete Article HERE>»

"Cheers to 2026: Thank You for 25 Years"

        As we close out 2025, we want to take a moment to extend our heartfelt gratitude to each and every member and supporter of the National Council of Firefighter Credit Unions Inc (NCOFCU). For the past two and a half decades, your unwavering support and dedication have been instrumental in helping us achieve our vision of becoming the leading credit union association dedicated to serving first responders and their families.       Thanks to your commitment, we have prioritized education for your volunteer directors and staff, ensuring they are equipped with the knowledge and skills to serve your credit union communities effectively. Together, we have elevated the operational excellence of credit unions through targeted training and support, making a real difference in the lives of first responders and their families.      Your involvement has been the cornerstone of our success, and we are truly grateful for the trust you have p...
Post a Comment
Read Complete Article HERE>»

What Will 2026 Hold for CUs?

NEW YORK—As credit unions look to the new year, forecasters heading into 2026 see the U.S. economy cooling but not collapsing, with slower job growth, easing inflation and modest interest-rate cuts forming the backbone of a “soft-landing” outlook that still hinges on big unknowns: trade policy, geopolitics, fiscal decisions in Washington and whether households keep spending after several years of higher prices. Credit union leaders know they have a stake in all of that and more. In addition to the economic forecasts below, the CU Daily also other 2026-related previews, including: 2026 Forecast: The Auto Sales, Lending Trends to be Watching 2026 Forecast: What Companies are Saying About Hiring in New Yea r 2026 Forecast: FASB Puts Two Digital Asset Topics on its Agenda 2026 Forecast: How One Large Bank is Deploying Generative AI 2026 Forecast: Automobile Prices to Remain High as Loan Terms Get Longer 2026 Forecast: Is This a Model for How CUs Might Approach Workforce & AI? What the ...
Post a Comment
Read Complete Article HERE>»

Don't be the last to know.

Amazon Smile Now you can painlessly contribute to the National Council of Firefighter Credit Unions Inc (NCOFCU) through Amazon Smile while you do your holiday shopping online. What is AmazonSmile? AmazonSmile is a website operated by Amazon that lets customers enjoy the same wide selection of products, low prices, and convenient shopping features as on Amazon.com. The difference is that when you use this link to shop on AmazonSmile ( smile.amazon.com ), the AmazonSmile Foundation will donate 0.5% of the price of eligible purchases to the National Council of Firefighter Credit Unions Inc. Our direct link is  https://smile.amazon.com/ch/27-2387106   *The National Coalition of Firefighters Credit Unions, Inc. (NCOFCU) is a non-profit, 501(c) (3) charitable organization. Donors may deduct contributions as provided in IRC 170(c) (3) of the U.S. Tax Code. Employer Identification Number 27-2387106 Don't forget 2018 Pre-Pay ends 12/20/2017 Pay $50 toda...
Post a Comment
Read Complete Article HERE>»