News

A Florida debt settlement firm has agreed to change its name from Clearview Credit back to Debt Reduction America Inc. after Clearview Federal Credit Union filed a trademark suit.

The merger of the $70 million State Central Credit Union of West Allis, Wis. into the $1.5 billion Summit CU is now nearly complete but State Central members won an extra bonus last month recognizing their loyalty-a $5.2 million dividend.

Sam's Club, a subsidiary of Wal-Mart Stores Inc., has launched a national pilot program that will offer small business loans from $5,000 to $25,000 to its members.

The industry-backed Invest in America auto discount program has lost one of its partners-the Cadillac Division of General Motors Corp.

The Allpoint Network has announced a deal with the $128 million Actors Federal Credit Union that will move the ATM network onto an additional 215 ATMs in New York City.

The torch has been passed at CUNA.