Home » Tag Archives: credit unions (page 2)

Tag Archives: credit unions

Antics of big banks give credit unions, community banks early holiday gift

Mississippi credit unions saw ‘some activity’ from ‘Bank Transfer Day’ while community bank Renasant grew accounts in state markets by 32 percent Breaking up isn’t so hard to do, after all. At least that’s what the Credit Union National Association reported a few days after the Nov. 5 national “Bank Transfer Day,” a protest staged to show dissatisfaction with the ...

Read More »

Keesler FCU earns five stars from Bauer Financial

BILOXI — Keesler Federal Credit Union has been awarded a 5-Star Superior rating by Bauer Financial Inc. This is the highest rating of strength and performance that a credit union can receive. Karen L. Dorway, president of Bauer Financial, said, “With its impressive capital levels, an enviable loan portfolio and low delinquent loan levels, Keesler Federal Credit Union demonstrates the ...

Read More »

Valued Members FCU goes into conservatorship

JACKSON — National Credit Union Administration regulators who took over troubled Valued Members Federal Credit Union’s Jackson, Canton and Lena locations yesterday say they hope the $9-million institution can be returned to the control of its members. The alternative is to arrange a transfer of the assets of the 2,030-member credit union to another credit union willing to take on responsibilities ...

Read More »

ECD changes name to Hope Enterprise Corporation

JACKSON — Enterprise Corporation of the Delta (ECD) has adopted a new name: Hope Enterprise Corporation. The change, which became effective Jan. 1, reflects the organizations geographic expansion beyond the Delta to other distressed areas in the Mid South and its sponsorship of Hope Credit Union, a community development credit union. Collectively, the organizations will be branded as HOPE. In ...

Read More »

Credit union earns highest financial rating

BILOXI — BauerFinancial Inc. has awarded Keesler Federal Credit Union its highest rating — five stars. To earn the 5-Star Superior rating, Keesler Federal Credit Union must excel in areas of capital adequacy and delinquent loan levels. Keesler Federal Credit Union is the largest Mississippi-based credit union in the state, with assets of $1.9 billion. Serving over 188,000 members worldwide, ...

Read More »

Hope participating in Treasury program

JACKSON — Hope Federal Credit Union has closed a $4.52-million secondary capital investment through the Treasury Department’s Community Development Capital Initiative. According to Hope, it is one of the first credit unions to participate in this program, and will use the funds to increase financing to small businesses and home owners and promote development in economically distressed communities across the ...

Read More »

Story doesn’t reflect banking perspective

Editor, I am writing in response to your Feb. 22 article (“Bye-bye Banks? Credit Unions Are the Hot Thing”) that contends that credit unions offer consumers a distinct advantage over banks. This article does not contain any comment from the banking industry. I write on behalf of Mississippi’s banks to provide important facts (not included in your article) that should ...

Read More »

Bye-bye banks? Credit unions are the hot thing

Credit unions offer enticing credit card and mortgage terms and can charge less than banks on unsecured loans The story has been repeated countless times across the country during the past few months when the economy has been less than robust. People floundering financially and handcuffed by credit problems, they search for a solution to ever-soaring interest rates. A high ...

Read More »

Credit unions have beaten back economy, to this point

The first two quarters have not been the best of times for Mississippi banks, with a lot of them posting substantial losses. It’s a local symptom of a national trend that has seen dozens of banks across the nation fail outright as the recession tightens its grip on financial institutions. One sector of the financial services industry that has beaten ...

Read More »

Signs, logos change to HOPE

JACKSON — While Hope Community Credit Union (HOPE) and American Savings Credit Union (ASCU) officially merged Jan. 1, 2009, today all ASCU branches in Arkansas, Mississippi and Tennessee will convert their signage to the HOPE name and logo. The two entities said the merger formed a larger, stronger community development financial institution that serves working families throughout the mid-South. The ...

Read More »