Credit Union Management

IC Federal Credit Union has set its sights on battling big banks by arming locals with the power of the credit union difference.

CO-OP Financial Services will continue getting payment settlement services from Catalyst Corporate Federal Credit Union and the two organizations said they plan to expand their relationship.

As far as Chris Blough is concerned, even a modest amount of noninterest income is welcome and there can be some additional spinoff benefits.

Seven more credit unions have signed on as users of the personal financial management platform from MoneyDesktop of Provo, Utah, the company said.

After receiving more than 280 comment letters on the matter, credit unions may see a final amended CUSO proposal by midyear.

The proposed conversion of the $1.8 billion HarborOne Credit Union to a mutual bank triggered fresh industry debate last week about the impact and efficacy of conversions as the Brockton, Mass., CU formally tendered its resignation from CUNA and the Massachusetts Credit Union League.