CUSO CEO's comments about suits against California credit unions accused of ordering transactions to maximize overdraft fees.
The court documents contain the same language used in lawsuits against big banks, allege ordering debit transactions to maximize overdraft fees.
California credit union had been with Western Bridge.
After a net loss of $12.8 million in 2010, the $1.2 billion Kern Schools Federal Credit Union in Bakersfield, Calif., declared 2011 its best year for financial performance since 2007. The CU announced a net income of $22.4 million for 2011 and a net worth ratio that jumped from 4.31%...
Members complain on Facebook, to local media, about inability to access accounts after integration of systems.
Proposed new corporate's charter committee says name "captures what we are attempting to do."
Fiserv Inc. said it will be converting Kern Schools Federal Credit Union to its XP2 core processing platform in February.
Arizona State Credit Union, Phoenix, Ariz., received the Peter Barron Stark Companies Award for Workplace Excellence. Although it is the fourth time the credit union has received the award, it is especially significant this year because it
For its brokered certificate of deposit program and member service standards, Kern Schools Federal Credit Union recently received honors from the Bank Insurance and Securities Association.
North Island Credit Union President/CEO John Tippets said he's cautious but positive he can turn the ailing $1.4 billion San Diego credit union around, despite dropping to 3.39% net worth at year-end 2009.