August 30th, 201828102Hawaiian credit unions are recovering this week after they withstood Hurricane Lane last week and over the weekend.
Lane deposited more rain than any other tropical storm or cyclone in Hawaii's history, according to Weather.com. The downpour also ended up being the second-highest rain total in U.S. history by a tropical storm, dumping 52.02 inches on the islands. That's second only to Hurricane Harvey's 60.58 inches last year.
CU Hawaii sits on Hawaii Island, where rainfall was heaviest, and took on two feet of water in the basement of its main branch on Hinano Street, according to a Credit Union Journal article.
"We worked the...
August 8th, 2018095California credit unions are hanging on after suffering through wildfires one credit union executive described as "apocalyptic," according to CUNA's news site.
As of Tuesday morning, there were 18 large wildfires burning across California.
"I don't want to overstate it, but this is apocalyptic, even by California standards," said John Cassidy, CEO of Sierra Central Credit Union. "These are some of the hottest fires ever recorded because of the type of timber and brush firefighters have to deal with."
Nine of Sierra Central CU's 24 employees in the area were temporarily displaced from their homes and at least 49 of the credit...
July 18th, 2018468690The new leader of the World Council of Credit Unions Board of Directors hails from the United States.
Steven Sapp, president and CEO of Unitus Community Credit Union in Portland, Ore. formally took office during the World Credit Union Conference General Session on July 17 in Singapore.
"Although I come from the U.S., I consider myself a global ambassador of credit unions — a servant of the people. World Council and the work of those that have gone before us have brought us together. We must not forget that we drink the water from the well that others have dug, but now is our time to take this work forward," Stapp said. "The challenge...
June 18th, 20184142President Donald Trump is expected to nominate Rodney Hood to serve on the NCUA board in the seat currently held by board member Rick Metsger, according to CUNA.
Hood has experience with NCUA. President George W. Bush previously appointed him vice chairman of NCUA in 2005. He served in that position until 2010.
"CUNA and the Leagues congratulate Rodney Hood on his nomination by President Trump to the NCUA Board," said CUNA's Chief Advocacy Officer Ryan Donovan. "We look forward to working with Mr. Hood once again to improve the efficiency, safety and soundness for credit unions. During his tenure to the Board, Mr. Hood was approachable...
June 18th, 201825135The Credit Union National Association recently announced three promotions into senior leadership positions.
Mike Schenk has been named CUNA's deputy chief advocacy officer for policy analysis and chief economist. Schenk previously served as CUNA's vice president of research and political analysis. During his time in that role, Schenk played a critical part in the organization's success through policy analysis. His team is closely integrated into CUNA's advocacy strategy to produce data, analysis and research that influences policymakers.
Trey Hawkins has been named deputy chief advocacy officer for political action. Hawkins...
June 18th, 20181203The African-American Credit Union Coalition recently announced that Sheilah Montgomery is the 2018 recipient of the AACUC’s Pete Crear Lifetime Achievement Award.
For more than forty years, Montgomery has been advancing the mission of the credit union movement, while increasing the economic viability of individuals, communities and credit unions. She is a founding member of the AACUC and has dedicated her life and career to serving others as strategist, communicator, partnership builder and leader.
Montgomery is the retired president/CEO of Credit Union of Atlanta and the former president/CEO of 1st Choice Credit Union. During...
June 18th, 20180139The National Credit Union Foundation recently announced the appointment of a new marketing and communications director.
Effective July 16, Brian Griffith, CUDE, will lead all the Foundation's marketing, communications and public relations strategy and execution. Griffith joined the credit union movement in 2011. He's served as the marketing and communicatioins manager and most recently the AVP of Marketing for GESA Credit Union in Richland, Wash. In 2014 he was a "Crasher" at CUNA"s Governmental Affairs Conference representing Washington State and the Northwest Credit Union Association. Griffith was certified as a Credit Union...
June 11th, 20184132Young members deposited more than $15 million in their accounts during the Credit Union National Association's National Credit Union Youth Month savings challenge in April.
According to CUNA, results were reported by 145 credit unions that participated in the challenge, which was sponsored by both CUNA and Fiserv. Credit unions nationwide reported opening a combined 5,485 new youth accounts during the month of April. They also reported more than 65,000 young members made deposits.
This year's theme was "The Science of Saving."
"Participation in the Youth Saving Challenge remains a lasting way to introduce youth members to good...
June 8th, 20181112The United States' credit unions started 2018 on a high note, according to data from the National Credit Union Administration.
Total assets in federally insured credit unions rose by $79 billion, or 5.9 percent, over the year ending in the first quarter of 2018. That puts total assets at $1.42 trillion.
Below are other prevalent facts from NCUA's findings:
Total assets in federally insured credit unions rose by $79 billion, or 5.9 percent, over the year ending in the first quarter of 2018, to $1.42 trillion.
Total loans outstanding increased $87 billion, or 9.9 percent, over the year to $971.9 billion. The average...
National
