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BNET Business Dictionary

Credit Union
a cooperative financial organization that provides banking services, including loans, to its members at low rates of interest
Credit Union definition on BNET »

BNET Resources

Credit Unions
A credit union has many powers like to receive the savings of its members either as payment on shares or as deposits. The powers include: to make loans to members, to make loans to a cooperative society or other organization having membership in the credit union, to deposit its moneys...
Tags: Acxiom Corp., payment, bank
White papers 2003-06-17

Additional Resources

Northern FCU Chooses VSoft for Remote Capture and Image Exchange
Imaging technology eliminates costs, improves efficiency ATLANTA -- VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced that Northern Federal Credit Union, a multi-employer credit union headquartered in Watertown, NY, has chosen to implement its image capture, Check 21 and branch...
Articles 2008-07-09
Telesis Community Credit Union Launches 10% APY Certificate
High-Rate "Hang Ten" Certificate Available With Checking and Direct Deposit CHATSWORTH, Calif. -- Telesis Community Credit Union has introduced its new "Hang Ten" certificate, paying an extraordinary 10% Annual Percentage Yield for a 5-month term. The certificate is available for new and existing members who open their first...
Articles 2008-07-09
Digital Dialogue Adds Tracy Blakely to Management Team
Company Growth Spurs Executive Team Expansion AUBURN HILLS, Mich. -- Digital Dialogue, a PSCU Financial Services company and nationwide provider of 24/7 call center operations and software solutions to credit unions, announced the addition of Tracy Blakely as director of Member Experience. In this position, Blakely's...
Articles 2008-07-09
Bank of Georgetown Hires Nicole Gilbert as Vice President and Branch Manager of Friendship Heights Branch
WASHINGTON -- Bank of Georgetown, a community bank chartered in Washington, D.C., has hired Nicole Gilbert to lead its Friendship Heights branch as vice president and branch manager. "We are extremely pleased to welcome Nicole to our team," said Mike Fitzgerald, president and CEO of Bank of Georgetown....
Articles 2008-07-09
EU lawmakers force CO2 caps on airlines
STRASBOURG AFP — EU lawmakers voted overwhelmingly on Tuesday to force airlines to rein in their fast-growing greenhouse gas emissions from 2012, infuriating a sector struggling to cope with soaring fuel prices. Under a draft law, all airlines operating in the 27-nation European Union, including foreign carriers, will...
Articles 2008-07-08
National Vehicle Leasing Association Celebrates 40th Anniversary at 2008 Annual Conference
ALEXANDRIA, Va. -- Highlighted by a new format, a six-month lease giveaway and a "green" focus, the National Vehicle Leasing Association NVLA held its annual conference June 11-14, 2008 in Phoenix, Ariz. Attendees from all segments of the vehicle leasing industry convened at the JW Marriott Desert Ridge Resort to...
Articles 2008-07-08
NCR Lauded by Federal Credit Union Association Services Corp. for Innovative Cash Recycling Technology
NCR Branch Assist 10 Enhances Branch Cash Management and Teller Efficiency DAYTON, Ohio -- NAFCU Services Corporation, a wholly owned subsidiary of the National Association of Federal Credit Unions, has recognized NCR Corporation (NYSE: NCR) with a 2008 NAFCU Services Preferred Partner Innovation Award. NCR Branch Assist([TM]) 10...
Articles 2008-07-08
Technology Credit Union Welcomes Cynthia Erickson as the Newest Member of Its Board of Directors
Technology Credit Union Tech CU is pleasedto announce that Cynthia Erickson has recently joined its Board ofDirectors. Cynthia Erickson has more than 20 years' experience in leadership andbusiness management with global Fortune 500 companies. Her executive rolesinclude nine years with First Interstate Bank of California, first as VicePresident Human Resources...
Articles 2008-07-07
Harland Clarke Wins Award for Its First Clear Visa® Debit Card
Card Designed for Alabama State Employees Credit Union Receives Elan Award for Best Secure Financial Card As It Delivers Record-breaking New Business SAN ANTONIO -- The International Card Manufacturers Association ICMA recently awarded top honors to Harland Clarke for its first clear Visa([R]) check card created for a...
Articles 2008-07-07
Expert Group Inc. (EXPT) Finalizes Negotiations to Acquire 100% of the Shares of Bache Leasing Inc.
Expert Group Inc. (PINKSHEETS: EXPT) announcestoday that the company has come to an agreement and has entered into aletter of agreement to acquire Bache Auto Sales & Leasing Inc. About Bache Auto Sales and Leasing Inc. BACHE Auto Sales & Leasing, Inc. offers a wide variety of financing andleasing options...
Articles 2008-07-07
TransUnion.com: National Auto Loan Delinquency Rates Decline Nearly 18 Percent in First Quarter of 2008
CHICAGO, July 7 /PRNewswire/ -- TransUnion.com (http://www.transunion.com/) released today the results of its analysis of trends in the auto lending industry for the first quarter of 2008. The report is part of an ongoing series of quarterly consumer lending sector analyses focusing on credit card, auto loan and...
Articles 2008-07-07
Haitian says mob killed 2 journalist/politicians
PORT-AU-PRINCE, Haiti -- Police said Saturday they are investigating an outbreak of mob violence that a Haitian politician says resulted in the deaths of two journalists who were considering campaign runs for the Senate. Haitian and U.N. police have yet to publicly identify victims of the June...
Articles 2008-07-06
At Home
Valley Inc. __ 2 Reece and Nichols Homes Topeka __ 3 RE/MAX Associates __ 4 Countrywide Realty __ 5 Window Depot USA __ 5 Great Plains Realty __ 6 Land Kansas Real...
Articles 2008-07-05
S. Jordan police probe string of robberies
SOUTH JORDAN -- Police were looking Thursday morning for at least one man in connection with a bank robbery and were investigating whether he could be linked to two pharmacy robberies Wednesday. A little before 9:30 a.m. a man entered Golden West Credit Union, 3664 W. Jordan...
Articles 2008-07-05
Police searching for man who robbed bank
SOUTH JORDAN -- Police here were looking Thursday for at least one man in connection with a bank robbery, and were investigating whether he could be linked to two pharmacy robberies Wednesday. A little before 9:30 a.m. a man entered Golden West Credit Union, 3664 W. Jordan...
Articles 2008-07-04
American Airlines Federal Credit Union Announces 2008 Scholarship Winners
FORT WORTH, Texas, July 3 /PRNewswire/ -- Since 2004, American Airlines Federal Credit Union AA Credit Union has supported its young member-owners with scholarship award opportunities for higher education. This year, the AA Credit Union is pleased to announce an increase in the number of total scholarship awards from...
Articles 2008-07-03
New president and CEO appointed at American Airlines Federal Credit Union
AIRLINE INDUSTRY INFORMATION-C1997-2008 M2 COMMUNICATIONS LTD Angela K. Owens has been named as the new president and chief executive officer of American Airlines Federal Credit Union AA Credit Union. Owens has previously spent more than two years as American Airlines' general auditor and one year as...
Articles 2008-07-03
State Employees' Credit Union and Local Government Federal Credit Union Offer Good News to Members Needing Student Loans!
RALEIGH, N.C. -- State Employees' Credit Union SECU and Local Government Federal Credit Union LGFCU have good news for members looking to fund higher education expenses. Recently joining forces with College Foundation, Inc CFI and North Carolina State Education Assistance Authority NCSEAA, SECU announced a $1.1 billion investment of member...
Articles 2008-07-02
"Neutral" Expert Source Available to Dissect Pros and Cons of Fed's Proposal for Bank Overdraft Fees
Moebs Services: WHAT: As the August deadline nears for banks and credit unions to file comments on the Federal Reserve's proposed sweeping changes to Overdraft Services, controversy continues to build over this issue, creating a "standoff" mentality between banks and consumer groups. WHO: Michael Moebs, chairman...
Articles 2008-07-02
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