CUNA Chief Economist Bill Hampel pointed out that loan growth as of June was the weakest year-to-date it has been in the last five years while savings growth is the strongest in the last four years.

What is a credit union? Each organization has their own terminology to describe what they provide to members, much of it similar to other credit unions. There's the standard definition: credit unions are member-based, not-for-profit co-operatives providing financial services. But, what is a credit union? This in fact is probably...

Greetings from the land of Aloha!

There are a lot of interesting credit union happenings that deserve comment:

Wescom Credit Union recouped its nearly $1 million investment in ACC Consumer Finance LLC when the company was acquired by CompuCredit at the end of 2006, said Jane Wood, executive vice president, but it has kept the ACC-generated portfolio of subprime auto loans.

Patelco Credit Union decided it had enough and chose to stop digging when it availed itself of the opportunity to sell its subprime auto portfolio and investment in ACC Consumer Finance, LLC of Laguna Niguel, California.

Last week the Federal Reserve Board and Treasury's Financial Crimes Enforcement Network announced a $65 million assessment against American Express Bank International and American Express Travel Related Services Company, Inc. for Bank Secrecy Act violations.

Twin City Co-ops Federal Credit Union is helping kids think savings with its recent giveaway at a Minnesota Twins home game.