Credit unions are losing a supporter in the U.S. House. Rep. Jeff Miller (R-FL) announced on Thursday that he will not seek re-election. He will serve out the rest of his term through December of this year. In a statement, he thanked his first...
A priority bill for credit unions in Alabama continues to move forward. The Alabama House Financial Services Committee gave favorable reports to both HB 367 and SB 209, the update to the Alabama State Credit Union Act. The bills, which are sponsored...
Credit unions in Florida have had a big week in the legislature. A third piece of priority legislation has passed the House and Senate and moves to the governor’s desk. HB 1233, sponsored by Rep. Cyndi Stevenson (R-St. Augustine) and Sen. Rene...
Credit unions received two victories in the Florida legislative session on Tuesday. SB 912 by Sen. Anitere Flores (R-Miami) and Rep. Dana Young (R-Tampa) and SB 1104 by Sen. Flores and Rep. Charlie Stone (R-Ocala) passed the House Tuesday. Each had...
Alabama and Florida credit unions ended 2015 with a record number of assets and loans, while Florida also ended with a record number of members. Credit unions in Alabama ended the year with $20 billion in total assets, which was a 6.2 percent...
Alabama and Florida credit unions now have 25 members of Congress that have signed a “Dear Colleague” letter asking the CFPB to exempt credit unions from some of its rule making. The letter, authored by Reps. Adam Schiff (D-CA) and Steve...
Did you know that by building loyalty with five percent more members that it would lead to an increased average profit per member between 25 and 100 percent? And those members who are fully engaged bring 37 percent more annual revenue to their...
Credit unions in Alabama and Florida had a good day in their respective legislatures on Thursday. In Alabama, SB 209, the Alabama Credit Union Act update, sponsored by Sen. Bill Holtzclaw (R-Madison), passed by a 25-0 vote in the Senate. The bill...
Krebs on Security is reporting that tax return fraud has not been curbed in 2016 despite safeguards put in place. Consumers who were hit last year were given IRS PINs to help identify that they were the consumer and not a cyber thief. One flaw in...
Credit unions that are participating in any of the Love My Credit Union Rewards (LMCUR) programs should note that all Q1 marketing materials must be distributed prior to March 31, 2016. If you plan to complete a quarterly tactic in Q1, be certain to...