Credit Union Management

Mary Cunningham, the retired CEO of the now-merged USA Federal Credit Union in San Diego and former chairman of CUES and the National Credit Union Foundation, has become a director of FoolProof.

That precedent-setting deal by Michigans United Federal Credit Union to merge an ailing Indiana savings bank gained NCUA approval last week and now seems certain to be the model for more to come, its architect says.

That precedent-setting deal by Michigans United Federal Credit Union to merge an ailing Indiana savings bank gained NCUA approval last week and now seems certain to be the model for more to come, its architect says.

An analysis of call report data indicates that only two more credit unions recently sold their credit card portfolios and entered into an agent issuing program with the purchasing banks, a brokerage says.

CUNA, which originally said credit unions gained 650,000 new members in the weeks leading up to Bank Transfer Day, now says the total was less than a third of that.

CUNA, which originally said credit unions gained 650,000 new members in the weeks leading up to Bank Transfer Day, now says the total was less than a third of that.