News

For many credit unions, deciding which charities to give to takes time and much planning.

More than 90 employees of the $931 million Island Federal Credit Union of Hauppauge, N.Y., participated in the 6th Annual Run for the Warriors in Lindenhurst, N.Y., on Nov. 10. The event, which the credit union also sponsored, included a 10K, 5K and one-mile walk/run. Island raised more than $40,000...

Linda Sweet, president and CEO of the $56 million Big Valley Federal Credit Union in Sacramento, Calif., told Congress Dec. 3 the declining number of credit unions in the U.S. is partly due to the mounting compliance burden coming from the federal government.

CLEVELANDFormer Taupa Lithuanian Credit Union teller Michael Ruksenas pleaded guilty Dec. 2 in U.S. District Court to conspiring to embezzle more than $481,000 from the failed credit union.

Multi-agency council suggests creation of risk management program for social tools.

Industry coordination sought to tackle shared problems.