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Happy Birthday Frank Sarver

As most of you know, FedComp got its start in 1982 at IBEW 968 FCU in Parkersburg, WV.  After retiring as a union electrician, my grandfather took over management of this small credit union.  He did everything by hand.  He had hand ledgers, calculated interest with a desktop calculator and once a quarter went through […]

Credit Unions Outpacing Banks in Membership Growth

Credit union membership is growing at a much faster clip than at other financial institutions, according to a just-released TransUnion study. TransUnion reported that during the first quarter of the year, credit union membership grew at more than three times the credit activity at other financial institutions. Credit unions experienced a year-over-year growth rate of […]

Preparing for the Worst When Storms Approach – Hurricane part 2

As meteorologists track several storms threatening Hawaii, Florida and part of the east coast, it is a good time for credit unions to review plans for possible emergencies and business disruption. In a June 2009 letter, the NCUA urged all federally insured credit unions to perform a review of their hurricane preparedness and response plans. […]

Are you Really Ready for that Hurricane? part 1

About two hurricanes hit the United States every year, according to the National Oceanic and Atmospheric Administration. And according to FEMA, only 11 states avoided their wrath between 1851 and 2012: The rest either bore the brunt of the storms or fell prey to their aftermath. That puts a lot of credit unions at expensive […]

Thanksgiving Wishes

Next week many of us will be celebrating Thanksgiving with our families. This tradition began during the founding of our new nation. It is recorded the Plymouth colonists and Wampanoag Indians in 1621 shared a feast in the autumn of the year to celebrate a bountiful corn harvest.  Today we acknowledged that day as the […]

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Credit Union Data
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