Credit Union: Definition and additional resources from BNET
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BNET Business Dictionary

Business Definition for: Credit Union

  • a cooperative financial organization that provides banking services, including loans, to its members at low rates of interest

Wiktionary Definition for: Credit Union

  • A financial co-operative similar to a bank but normally restricted to a local area or a single profession.

Additional Resources

Syntellect Leverages Experience to Drive Growth in the Credit Union Market
PHOENIX -- Syntellect Inc., a leading provider of Customer Interaction Management solutions, has recently expanded further into the Credit Union market with more than twenty new customers including Anheuser-Busch Employees' Credit Union, America First Credit Union, White Sands Federal Credit Union, and Metropolitan Credit Union.
Research articles 2007-07-05
Imprivata's OneSign Solution Solves Password Management, Access and Compliance Issues at Credit Unions Nationwide
Companies Such as Delta Community Credit Union, NASA Federal Credit Union, Northeast Credit Union and Telhio Credit Union Experience Better Access Management and Tighter Security with OneSign
Tags: compliance, Microsoft Access, password, password management
Research articles 2007-09-24
Pentagon Federal Credit Union Institutes Members' Bill of Rights
At its annual meeting held on May 13, 2008, Pentagon Federal Credit Union became the first credit union to formally commit to remaining an institution dedicated to its members. The Pentagon Federal Credit Union Members' Bill of Rights assures members that the credit union will not make...
Tags: Pentagon
Research articles 2008-06-10
Broward Schools Credit Union Changes Its Name to BrightStar Credit Union
SUNRISE, Fla. -- Broward Schools Credit Union, with 39,000 members and $260 million in assets, has announced its new name, BrightStar Credit Union.
Research articles 2005-01-20
S&P Afms Rtgs on Western Corp Federal Credit Union
NEW YORK--BUSINESS WIRE--July 6, 1998--Standard and Poor's today affirmed its 'A-1' commercial paper and 'A-1' short-term counterparty ratings on Western Federal Corporate Credit Union WesCorp in light of the corporate credit union agreeing to merge with unrated Idaho Corporate Credit Union.
Tags: S&P
Research articles 1998-07-06
The Coast Guard Federal Credit Union. (Mergers).(Brief Article)
The Coast Guard Federal Credit Union has merged with the Pentagon Federal Credit Union in Alexandria, ... The Coast Guard Federal Credit Union has merged with the Pentagon Federal Credit Union in Alexandria, Va., adding 3,500 members to Pentagon Federal, which is the third...
Tags: merger, Pentagon, United States Coast Guard
Research articles 2003-04-01
Top 100 Credit Unions By Assets Dec. 31, 2006
1 Navy Federal Credit Union Merrifield VA 24,301,617 2 State Employees Credit Union Raleigh NC 12,808,877 3 Pentagon Federal Credit Union Alexandria VA 8,003,371 4 Golden 1 Credit Union Sacramento CA 6,090,163 5 Boeing Employees Credit Union Tukwila WA 5, 1 Navy Federal Credit Union Merrifield VA 24,301,617 2 State...
Tags: asset, Computer Associates International Inc.
Research articles 2006-03-06
PSI Corp. Signs Significant Contract with Credit Union Partner
DENVER -- PSI Corp., operating as Pantel Systems, Inc. (Pink Sheets: PSCP), a provider of customer facing, public access and self-service systems, today announced it has a multi-year agreement with Tellagent, a Credit Union Services Organization CUSO of Paragon Federal Credit Union, to distribute Pantel's E-Banking ATM as well as...
Research articles 2007-11-09
Pennsylvania CU Finds Layered Approach Is Best Security Strategy
Atlantic Credit Union could soon be known as the Alcatraz of credit union information security. Atlantic Credit Union could soon be known as the Alcatraz of credit union information security.
Tags: Atlantic, security strategy, strategy
Research articles 2004-05-17
'Do Nothing' Congress Stymies CU Progress
Credit union lobbyists are reluctant to criticize the hands that feed them but a certain frustration among the credit union trade groups is palpable as it has become clear that all the credit union legislative initiatives have been stopped in their track Credit union lobbyists are reluctant to criticize the...
Tags: U.S. Congress
Research articles 2004-07-19
New FAA Credit Union branch breaks ground on S. Western Avenue
In early spring, FAA Credit Union will open its fifth branch, a 1,900-square-foot facility at 3805 S. Western Ave. At a cost of about $485,000, the credit union will cater to the Hispanic community in the Capital Hill district.
Tags: FAA
Research articles 2005-12-06
Mortgage automation meets member service.(includes related article on use of World Wide Web and electronic data interchange in mortgage origination)(credit unions)
The experiences of Waynesboro Dupont Employees Credit Union, Arkansas Federal Credit Union and Spokane Teachers Credit Union provide concrete evidence that automating mortgage origination yields substantial benefits for credit unions. Waynesboro Dupont EmThe experiences of Waynesboro Dupont Employees Credit Union, Arkansas Federal Credit Union and Spokane Teachers Credit Union provide...
Tags: DuPont Co., EDI, WWW
Research articles 1998-07-01
DIGITAL FCU TAKES SEGWAY LOANS FOR A SPIN
When a credit union includes the word "digital" in its name, you just know it serves members who are on the cutting edge. So, it should come as little surprise that Digital Federal Credit Union (www.dcu. org), Marlborough, Mass., has begun allowing members to finance their Segway HTs through the...
Research articles 2004-05-01
Local credit union mergers continue: Apple Valley Credit Union joins Richland-based Gesa Credit Union.
Following two other local credit union mergers, Apple Valley Credit Union's merger with Gesa Credit Union will make it the third local merger since last spring. Following two other local credit union mergers, Apple Valley Credit Union's merger with Gesa Credit Union will make...
Tags: Apple Inc., merger
Research articles 2004-06-01
AT&T Announces New Contract with Patelco Credit Union; Services Will Provide IP Networking Solution to California Credit Union
SAN ANTONIO -- The new AT&T Inc. (NYSE: T) today announced a new contract to provide network services to San Francisco-based Patelco Credit Union, one of the largest credit unions in the country with 37 branches nationwide.
Tags: AT&T Corp., network
Research articles 2005-12-07
World's Largest Credit Union Completes Lawson Software Implementation; Navy Federal Credit Union Uses Lawson Accounts Payable Application to Expedite Invoice Processing, Enhance Customer Service
ST. PAUL, Minn. -- Lawson Software's (Nasdaq:LWSN) Accounts Payable application, part of the company's Enterprise Financial Management suite, is helping Navy Federal Credit Union improve satisfaction among internal and external credit union members by automating invoice processes.
Tags: accounts payable, Lawson Software Inc.
Research articles 2006-08-22
ILCs spark bank-credit union battle
A California-based group has a message for fellow credit unions that want to sell their credit-card portfolios: they shouldn't be forced to sell them to a bank. In fact, they should be able to keep them in the family and sell them to an industrial loan corporation operated by a...
Research articles 2006-03-17
State of the (Credit) Union.(ABA Chairman's Position)(United States. National Credit Union Administration)(Jeff Plagge of American Bankers Association)
I RECENTLY HAD THE OPPORTUNITY of debating the former chairman of the National Credit Union Administration in front of a group of 2,000 credit union board members from throughout the country. It was a lonely experience, made comfortable by being on t I RECENTLY HAD THE...
Tags: American Bankers Association
Research articles 2006-09-01
Top CUs By Assets
Rank Credit Union City State Assets *1 Navy Federal Credit Union Vienna VA 25,443,179 2 State Employees Credit Union Raleigh NC 13,490,330 3 Pentagon Federal Credit Union Alexandria VA 8,707,149 4 Boeing Employees Credit Union Tukwila WA 6,481,057 5 Orang Rank Credit Union City State Assets *1 Navy Federal Credit...
Tags: asset, Computer Associates International Inc.
Research articles 2006-08-21
Credit Unions: Available Information Indicates No Compelling Need for Secondary Capital
Since the passage of the Credit Union Membership Access Act of 1998 CUMAA, many in the credit union industry have sought legislative changes to the net worth ratio central to prompt corrective action PCA. The paper reviews the underlying concerns that have prompted the credit union industry's interest in making...
Tags: General Accounting Office, Union
White papers 2004-08-01
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