News

Despite the ongoing economic recession, a credit union created card aimed at higher end consumers has found its niche and is making money, according to its CU creator and issuer.

Executive Compensation Solutions has issued a call to participants for its 2010 employee and executive compensation and benefits survey.

ARLINGTON, Va. -- The credit union model is not sustainable without access to supplemental capital and more ability to make business loans, Co-Op Financial Services President/CEO Stan Hollen told a group of credit union executives.

Navy Federal Credit Union and Gulf Winds Federal Credit Union have been playing important roles in the BP oil spill restoration.

Another bank that began life as a credit union has announced its plans to make an initial public offering of stock in the next few months.

Given the economic climate over the last two to three years, a number of credit unions have had to seriously consider laying off employees, and some have actually done so. But for many credit unions, layoffs are a last resort.