News

First Jersey CU Receives Approval to Expand its Charter 

Tuesday, November 29, 2011 10:46:00 AM
WAYNE, N.J. – First Jersey Credit Union, headquartered in Wayne, New Jersey, announced that it has received approval from the NJ Department of Banking and Insurance to expand its charter. Noting... read more
 

Rep. Barney Frank to Retire, Not Seeking Re-Election 

Monday, November 28, 2011 11:56:00 AM
WASHINGTON – Massachusetts Rep. Barney Frank, the former chairman of the House Financial Services Committee, will not seek re-election next year, several news outlets are reporting this... read more
 

Motley Fool Analysis Points to Possible Bank Transfer Year in 2012 

Monday, November 28, 2011 11:52:00 AM
A Friday article on the Motley Fool Web site asks the question, will 2012 be bank transfer year? According to the article, a banking survey—performed by consulting firm cg42 to determine the... read more
 

Happy Thanksgiving from the League; Check Out Gentile’s Holiday-Themed Column in Today's Weekly Exchange 

Wednesday, November 23, 2011 11:53:00 AM
HIGHTSTOWN, N.J. – Due to the Thanksgiving holiday, the League office will be closed Thursday, Nov. 24 and Friday, Nov. 25. The Weekly Exchange, usually sent Friday afternoons, will be sent out... read more
 

Salem County Federal EFCU and Deepwater Industries FCU Announce Merger 

Wednesday, November 23, 2011 11:50:00 AM
DEEPWATER, N.J. – The Salem County Federal Employees Federal Credit Union (SCFEFCU) held a special meeting of its membership on October 26th to seek approval of its proposed merger with Deepwater... read more
 

NJ BIZ: Credit Unions Embrace Chance to Compete for Deposits 

Tuesday, November 22, 2011 11:15:00 AM
An NJ BIZ article posted to the magazine’s Web site today points out that credit unions across the state, thanks to the changes signed into law by Gov. Chris Christie earlier this year, are ... read more
 

November NJ DNA Newsletter Now Available; Don’t Miss the Last Meeting of the Year on November 30 

Tuesday, November 22, 2011 11:00:00 AM
HIGHTSTOWN, N.J. – As part of its effort to keep New Jersey credit union directors and volunteers in the know, the New Jersey Director and Volunteer Network Alliance (NJ DNA) posts and sends a... read more
 

NJCUL’s Small CU Conference a Great Success! 

Monday, November 21, 2011 12:11:00 PM
HIGHTSTOWN, N.J. – Thanks to our three New Jersey credit union sponsors, Merck EFCU, First Financial FCU and McGraw-Hill FCU, our 3rd Annual Small CU Conference this past Saturday was a huge... read more
 

NCUA Approves Budget Boost, Board Meeting Summary Available 

Friday, November 18, 2011 11:46:00 AM
ALEXANDRIA, Va. – At its meeting on Thursday, the NCUA Board adopted a 5.1% increase for the 2012 budget, including an increase in the overhead transfer rate from 58.9% to 59.3% and a decrease in the ... read more
 

Cheney Urges Less CU Reg Burden at Community Bank Hearing 

Thursday, November 17, 2011 10:35:00 AM
WASHINGTON – CUNA President/CEO Bill Cheney encouraged Congress to take a balanced approach to regulatory relief that would aid both credit unions and community banks during a Wednesday hearing... read more
 
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