Credit Union Management

Credit unions make list for checking accounts.

Credit unions across the country have been making the most of the opportunity that Bank Transfer Day represents.

The 135,000-member Royal Credit Union has purchased the mortgage servicing rights to $600 million in mortgage loans from a local bank that the FDIC subsequently took over and sold to another bank.

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.