News

The Federal Open Market Committee on Wednesday maintained the federal funds rate at a range of zero to 0.25%.

The 3.9 million-member, Virginia-based credit union expects to add 600 employees there, bringing its Pensacola total to 3,000 within a year.

Oak Trust Credit Union of Naperville, Ill., and Lenco Credit Union of Adrian, Mich., buy into CUSO.

The $81 million Musicians Interguild in Hollywood, Calif., said it is winding down its interest-only modification loans because of NCUA pressure.

A new curriculum to support business owners through training, technical assistance and mentoring has been developed by the SBA and FDIC.

DigitalMailer Inc. has launched a service that credit unions can offer their members to safely store financial documents at their online banking site.