News

Two Seattle area credit unions, the $564 million Watermark CU and the $544 million Sound CU of Tacoma, are planning a summer merger, creating the state’s fourth largest CU.

While fees and good service are still important, the most common reason some have for switching banks may have more to do with a change in life circumstances.

Credit unions made more loans in the fourth quarter of 2010 than in any other fourth quarter in history, said Jay Johnson, executive vice president of Callahan & Associates, as he crunched the latest numbers. The total amounted to $68.5 billion, said Johnson.

Fiserv Inc., a company known for growing by acquisition since its creation in 1984, has announced three new acquisitions, including a credit union core processing service bureau, a mobile banking and payments provider and startup prepaid card specialist.

A new survey has found that when it comes to member satisfaction, credit unions have some work to do.

The nation's two nationwide shared branching networks took large strides into member service and mobile banking with two announcements at CUNA's Governmental Affairs Conference last week.