News

The $629 million Clearview Federal Credit Union of Pittsburgh completed a merger pact this week with the $61 million A-K Valley FCU of Lower Burrell, Pa. providing Clearview 11,000 new members and four new branches in Allegheny and Westmoreland Counties.

A co-op fund-raising campaign led by the $465 million DuTrac Community CU of Dubuque, Iowa and joined in by a gas station chain and radio DJs to help victims of the July 24 Lake Delhi flood, has brought in just under $25,000.

Credit unions belonging to the Allpoint network will now be able to offer their members fee-free ATM access to 800 Kroger stores across the country, according to Allpoint owner Cardtronics.

More evidence has come to light that suggests credit unions with more lower income members may take a deeper hit from the upcoming cap on debit card interchange than CUs with fewer lower income members.

Maurice Smith, the president/CEO of the $1 billion Local Government Federal Credit Union of Raleigh is testing something different in his race for the 2011 CUNA Board of Directors--using the Internet to promote his candidacy.

Saying that it is "minimally capitalized and there are no reasonable prospects for the credit union to achieve adequate capitalization," the NCUA today announced it was liquidating Kappa Alpha Psi FCU.