This collection of news about credit unions and their activities is assembled from a variety of sources on the Internet and from credit union submissions. Note: links used here are external and the League does not control their expiration dates.
To share news from your Indiana credit union: send story links to Kay Neidlinger. You can also read more about credit union's community service efforts--and contribute information at the Commitment to Change website
Indiana Credit Unions in the Media
Source: Credit union submissions and Internet news reports. Some stories may require passwords for access.
Members Advantage CU's shred day was also a collection point for the "Give Back to Our Troops" event. President Frank Beachnau and others are shown with the items collected for the troops.
The Credit Union celebrated its 50th Annual meeting on May 17, 2014, at the Elite Ball Room. CEO Cindy Brock and Board Chairman Rick Huffman are shown receiving a plaque from League VP Consulting & Education Joe Guilfoy.
NOTE: The League distributed response points for this story for use with your credit union's employees, members or local media. The information is available on the League website.
Credit unions in search of higher returns are loosening lending standards and piling into longer-term assets, exposing the firms to potentially significant losses if interest rates rise and worrying regulators in the process.
Such moves are raising concerns at the National Credit Union Administration, the sector's regulator, which said a rise in interest rates could make loans and investments unprofitable. Some analysts also said credit unions likely are unaware of the risk they are taking on because they largely avoided the housing downturn. That has raised worries that lax underwriting standards could fuel another bubble.
The National Journal - by Alexia Fernandez Campbell 6/6/2014
Neon window signs advertise money transfers and "cambio de cheques" (check cashing). Sandwiched between a beauty salon and a convenience store, Community Trust Prospera looks like any other check-cashing shop in the largely immigrant neighborhood in east San Jose. Except it isn't. Inside, Spanish-speaking employees urge customers to open a savings account or apply for a credit-building loan. Community Trust Prospera is actually a credit union in disguise.
