Credit Union Management

Pointing to the California recession, the ailing $451 million Point Loma Credit Union of San Diego is reportedly closing four branches early next month as part of a cost-cutting maneuver.

Californias small businesses and other employers may have to meet a host of conditions before they are able to pay their employees with a payroll card.

The members of the $193 million HAR-CO Federal Credit Union have voted to approve the credit union's change to a mutual bank charter, according to an announcement from the CU to its members. The credit union did not returned calls seeking comment on the vote.

The $385 million First South Financial Credit Union of Bartlett, Tenn., is adding to its Memphis-area footprint by merging the $12 million Dyersburg CU.

A plan from CUNA Mutual Group for a new mutual ownership structure recently received approval from the Iowa Insurance Commissioner.

Credit unions are making the most of the consumer outrage with big banks fees.