Keyword: creditunion

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  • Colorado lawmakers shy away from pot bank

    05/01/2014 9:03:02 PM PDT · by Olog-hai · 1 replies
    Associated Press ^ | May 1, 2014 10:57 PM EDT | Kristen Wyatt
    Colorado plan to set up the world’s first financial system for marijuana survived less than 24 hours before state lawmakers changed course Thursday night and shelved the idea. The proposal would have allowed state-licensed marijuana businesses to create a financial co-op, sort of an uninsured credit union. The measure was introduced late Wednesday and cleared a House committee on Thursday. But a few hours later, another House committee gutted the plan by amending the bill to say that Colorado will continue studying the problem of marijuana businesses having a hard time accessing banking services. …
  • NAFCU Offers 5 Reasons Credit Unions Are Better Than Banks

    10/15/2012 9:59:02 AM PDT · by RKBA Democrat · 15 replies
    Credit unions continue to prove that they offer consumers advantages over banks. According to the latest Bankrate survey, the average monthly fee on noninterest checking accounts offered by a bank rose a record 25 percent. By contrast, credit unions continue to hold the line on checking account fees. “It’s clear that people today are gravitating toward true value when they’re looking for a financial institution. Credit unions offer that true value,” said Fred Becker, president and CEO of the National Association of Federal Credit Unions (NAFCU). Here are some of the benefits of credit unions: 1. People before profits –...
  • Occupy movement wants to start a financial institution (Won't they need cops?)

    11/26/2011 6:35:00 AM PST · by Libloather · 11 replies
    SF Examiner ^ | 11/23/11 | Dan Schreiber
    Occupy movement wants to start a financial institutionBy: Dan Schreiber | 11/23/11 2:38 PM Examiner Staff Writer Call it the First Bank of Occupy. The denizens of the embattled tent city on San Francisco’s Justin Herman Plaza have been pushing for folks to close their accounts at big banks and put the money in credit unions instead. Now, the movement wants to form its own institution to keep their money out of the hands of the reviled 1 percent. A survey circulating Facebook and other social networking sites asks some simple questions that occupiers hope will relay the demand for...
  • NFCU Contingency Plan

    04/08/2011 3:19:45 PM PDT · by US Navy Vet · 2 replies
    Navy Federal Credit Union ^ | 4/8/2011 | NFCU
    This is WHY I LOVE my Credit Union. Sailors taking care of ALL DoD!
  • Phishing scam for Federal Credit Union 1364

    10/01/2010 5:41:16 PM PDT · by topher · 5 replies · 1+ views
    SCAM ALERT A recent telephone scam asking for account information has been targeting some area residents. The automated message informs consumers that their account/ATM/Debit card is about to be cancelled, or has been compromised, and it is necessary to reactivate the account/card with "bank security". The message includes the name of a local financial institution and instructs the recipient to "dial/press 1" to reactivate and then requests that the account/card number and personal identification number (PIN) be entered. As a reminder, the credit union would not request your account information via a phone call or email message. Never provide your...
  • Government takes over three credit unions

    09/24/2010 2:23:41 PM PDT · by MamaDearest · 12 replies ^ | Sept. 24, 2010 | Ronald D. Orol
    Excerpt only per posting rules: The federal government on Friday seized three undercapitalized wholesale credit unions -- Members United Corporate Federal Credit Union of Warrenville, Ill.; Southwest Corporate Federal Credit Union of Plano, Tex.; and Constitution Corporate Federal Credit Union of Wallingford, Conn.-- and unveiled a package of regulations affecting the industry. Link: Government takes over three credit unions
  • Officials Warn of 'Phishing' Scams Targeting Troops

    05/11/2010 6:33:58 PM PDT · by Cindy · 7 replies · 236+ views (AMERICAN FORCES PRESS SERVICE) ^ | May 10, 2010 | By Lisa Daniel
    Note: The following text is a quote: Officials Warn of ‘Phishing’ Scams Targeting Troops By Lisa Daniel American Forces Press Service WASHINGTON, May 10, 2010 – U.S. Strategic Command officials are urging renewed vigilance against Internet-based identity theft after detecting a widespread “phishing” expedition against servicemembers. Phishing is a term used to describe deceiving people into divulging personal information such as passwords or account numbers over the Internet. Beginning as early as May 2009 and lasting as late as March 2010, numerous fraudulent e-mails were sent to financial customers of USAA and Navy Federal Credit Union, Stratcom officials said in...
  • Credit Union Customer [with CCW] Takes Down Attempted Robber

    04/30/2010 5:32:54 AM PDT · by chuck_the_tv_out · 32 replies · 857+ views
    WESH Orlando ^ | April 29, 2010 | Staff
    PALM BAY, Fla. -- A local bank customer was hailed as a hero Thursday night for taking down a man who said he was down on his luck and he decided to commit a robbery. Floyd Francis gave up instantly, police said, and he was taken to the Brevard County Jail. "I drew my gun on him and put him down," Ruben Torres said. In a hand-written confession, Francis said he tried to rob the Space Coast Credit Union in Palm Bay because he needed money. He wrote, "I make music for a living, but tings not working out right...
  • My Credit Union stopped offering 30 yr Mortgages (Inflation coming?)

    02/06/2010 2:54:01 PM PST · by taildragger · 30 replies · 1,858+ views
    taildragger | 02/06/2010 | taildragger
    I went to my Credit Union Today in Michigan. Big sign in the lobby by the greeter, Check our out new low Mortgage Rates! So I inquired asking the young lady for the sheet. To my surprise no 30 year fixed offered. I asked are you afraid of Inflation coming back and getting whipsawed by holding long paper with rates lower than inflation? She looked at me like I was from Mars, since she was way to young to remember Jimma Carter. She mentioned that the Mortgages types (they had a big seminar) noted that they decided not to offer...
  • Written Notice for Existing Accounts (disturbing notification from my Credit Union)

    08/07/2009 9:18:25 PM PDT · by RegulatorCountry · 34 replies · 996+ views
    My Credit Union, via US Postal Service | August 7, 2009 | My Credit Union
    Written Notice for Existing Accounts The Credit Union will make a change in the way it reports your Account balance as part of an aggregate total to the Federal Reserve Bank (FRB). This change will not affect your available balance, dividend earnings on dividend bearing accounts, NCUA insurance, statement or any other feature of your Account. This will allow us to substantially lower our reserve requirement balance at the FRB and increase the amount of funds available for loans and investments, thereby increasing our ability to serve our members. Credit Union Checking, Savings and Money Market Accounts will now be...
  • Feds Take Control Of Eastern Credit Union

    04/27/2009 4:45:32 PM PDT · by PAR35 · 12 replies · 341+ views
    CBS4 ^ | Apr 25, 2009 | Dave Game
    MIRAMAR (CBS4) ― One of the oldest and largest credit unions in South Florida has fallen victim of the dismal economy. Eastern Financial Federal Credit Union, founded 72 years ago to provide financial services to employees of now-defunct Eastern Airlines, was placed under federal conservatorship late Friday afternoon. ... This means the NCUA has taken control of the credit union, according to Swann. Officials from Space Coast Credit Union of Melbourne were appointed to temporarily manage day-to-day operations.
  • U.S. Moves to Bail Out Credit Union Network

    01/29/2009 7:18:51 AM PST · by rabscuttle385 · 12 replies · 841+ views
    BY MARK MAREMONT In the latest effort to prop up a sector of the finance industry, federal regulators on Wednesday guaranteed $80 billion in uninsured deposits at the powerful institutions that service the nation's credit unions -- a maneuver that shows how the economic crisis continues to ripple across the U.S. Regulators also injected $1 billion of new capital into the largest of these wholesale credit unions, U.S. Central Federal Credit Union of Lenexa, Kan., after the firm on Wednesday posted an unexpected $1.1 billion loss for 2008. U.S. Central serves essentially as a main clearinghouse for the others in...
  • Phishers try to reel in [Lockheed] credit union accounts

    08/06/2005 12:13:17 PM PDT · by BenLurkin · 1 replies · 669+ views
    Valley Press on ^ | Saturday, August 6, 2005. | ALISHA SEMCHUCK
    Phishers recently cast yet another net. This time the con artists hoped to bait people who hold accounts with Lockheed Federal Credit Union. As with all phishing scams, the culprits send out spoof e-mails to the masses - whether or not they were LFCU account holders. The intent: To trick at least some e-mail recipients into revealing their personal information - checking or savings account numbers, credit card numbers, Social Security numbers and other data that could be used to steal money from the unsuspecting victims. That's the bad news. The good news: Through quick action on Friday afternoon representatives...
  • Greater Nevada Credit Union to ban CCW & Open Carry firearms, but only for "civilians"!

    10/08/2003 8:28:08 PM PDT · by Richard-SIA · 24 replies · 1,234+ views
    Self | 10/8/03 | Richard Brengman
    Greater Nevada Credit Union today made it clear that the liberals are making an effort to gain "PC" control of some Nevada financial institutions. I have been a member for several years, and have carried concealed, and occasionally openly, all that time. Of late I have noticed a dramatic increase in the number of "Undesirable" type "persons" (to use the most polite phrase possible) frequenting our small town, too many of whom seem to have nothing to do all day but hang around shopping centers and financial institutions. Burglary, Robbery, Vandalism, and bust for hard drugs are all on the...
  • Scam Leaves Hill Staffer in the Red

    07/17/2003 9:58:58 PM PDT · by TheMole · 45 replies · 1,123+ views
    Roll Call (via CAS mailing list) ^ | July 16, 2003 | Damon Chappie
    Until last November, Krista Donahue considered herself a huge fan of credit unions. In 1998, working as a field director for Hill & Knowlton, she helped marshal support for legislation that expanded membership access to credit unions. After the bill became law, she was one of the first lobbyists to open an account with the Wright Patman Congressional Federal Credit Union, the 50-year-old financial institution serving House Members and staff. But since Donahue attempted to sell her car over the Internet last fall, a series of mysterious e-mails and phone calls from Nigeria, a craftily forged cashier’s check and a...
  • Move raises Ithaca credit union's profile

    09/23/2002 10:36:47 AM PDT · by Behind Liberal Lines · 11 replies · 211+ views
    Ithaca Journal ^ | Monday, September 23, 2002 | By ESTHER CAMPI
    <p>ITHACA -- Red, green and purple balloons floated overhead as supporters gathered Saturday in the lobby of the new, 17,500-square-foot home of Alternatives Federal Credit Union.</p> <p>"This event is about crossing a threshold," said Bill Myers, the credit union's chief executive officer.</p>
  • ***Breaking: Hostages taken in San Antonio holdup***

    05/21/2002 6:31:22 AM PDT · by MeekOneGOP · 63 replies · 466+ views
    The Dallas Morning News ^ | May 21, 2002 | DMN Staff
    Hostages taken in San Antonio holdup 05/21/2002 From Staff Reports SAN ANTONIO - An unknown number of employees were taken hostage Tuesday morning during a credit union holdup. Police SWAT team and hostage negotiators converged at the San Antonio Federal Credit Union branch at 8889 Bandera Road on the city's northwest side. No other information was immediately available. Online at: