Beehive Credit Union wants to be a bank (The Salt Lake Tribune) (Savings)
Beehive Credit Union wants to be a bank (The Salt Lake Tribune)
Posted: 12:06 AM- The Beehive Credit Union is a bit player in terms of assets and members. But on Saturday night, its board of trustees made a monumental move, concluding the nonprofit would be better off as a for-profit bank. The switch still must be approved by its members, and it might not be an easy sell. Conversions in other states have spawned smear campaigns and attracted national …
Meager growth for credit unions (The Morning Call)
Six out of top ten reported lower net income for 2006. 2006 was a tough year to turn a profit in the financial services business, and credit unions were no exception.
Sandpoint students cut ribbon on in-school credit union branch (KXLY-TV Spokane)
SANDPOINT, IDAHO — Saving money is easier said than done especially if you’re a teenager but now one North Idaho school Sandpoint High School is helping students stash some cash away by opening a Horizon Credit Union right there in the school.
ID thieves target credit union (Honolulu Advertiser)
Members of HawaiiUSA Federal Credit Union are the latest target of a so-called phishing e-mail that tries to get them to disclose account information.
Credit union may switch to be a bank (The Salt Lake Tribune)
Among Utah’s financial institutions, Beehive Credit Union is a bit player in terms of its assets and members. But on Saturday night, its board of directors made a big move, concluding the nonprofit would be better off as a bank. The switch, estimated to cost $200,000 to $300,000, still must be approved by Beehive members. And it might not be an easy sell.
Credit unions launch for-profit unit with $1B lending power (BizJournals)
Seven Western Pennsylvania credit unions are launching a for-profit subsidiary with $1 billion in total lending power, enabling them to court small business customers and more effectively compete with banks.
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