Cooperative plans to assume the struggling American Bank of Huntsville's assets by the end of 2015.
Credit union premium savings rates are 75% higher than banks. Is that good financial management?
CUSO and credit union experts share what they're doing to provide members with the latest business services technology.
Deposit growth and new loans have helped Alabama Telco Credit Union start the first half of 2013 on strong footing.
Birmingham credit union adds more than $9.9 million in deposits and $9.6 million in business loans since March 2012.
The cooperative in Birmingham, Ala., said it closed last year with $527 million in deposits, $341 million in loan volume and assets in excess of $591 million.
Last week, credit unions’ federal tax exemption appeared to be in jeopardy. H.R. 6474 would have gradually repealed credit unions’ tax-exempt status over five years. Fortunately for credit unions, a spokesman for Rep. Dennis Ross, the bill’s sponsor, explained that the inclusion of this in the bill was accidental,...
After losing his wife, Glenn Sasser created a thriving new business with the help of his local credit union, and none from the banks.
While credit unions seem to have dodged this lob for now, it did draw attention to the credit union tax exemption, which the banking lobby is sure to relish.
Local businesses will have another financial resource to consider thanks to a new business services program launched by Alabama Telco Credit Union.