News

A merger with VACORP was not his first choice, said Mid-Atlantic Corporate FCU President/CEO Jay Murray in offering perspective on the announcement earlier this week that the two corporate credit unions planned to merge.

Olan Jones of Eastman Credit Union, which this week undertook its first merger in seven years, is no bragger but he's willing to crow about one thing: CU performance.

In a dense, 23-page preliminary decision, Judge George H. Wu has handed out holiday cheer to former directors of Western Corporate Federal Credit Union, according to experts who have studied the decision distributed to involved parties on Monday.

CUNA and NAFCU criticized proposed Federal Reserve rules that would increase disclosure requirements on credit protection products but had more mixed assessments of other parts of the plan.

The $333 million BrightStar Credit Union of Fort Lauderdale, Fla., has signed a multi-year agreement for online banking services from Connect Financial Software Solutions of Salt Lake City.

The credit union industry's longstanding charity beneficiary, Children's Miracle Network, will undergo a rebranding next month to become Children's Miracle Network Hospitals, but its management is again paying tribute to CU generosity.