News

Toledo area credit unions and the NCUA were coming to the assistance of the $8.9 Woodco FCU in Millbury, Ohio, which sustained major damage when a tornado touched down Saturday destroying a high school where the CU is located.

All the newfound media attention directed toward credit unions is providing a big lift to online find-a-CU services offered by trade groups, principally CUNA and NAFCU.

Mid-America Credit Union Association has named Robbie Thompson, vice president/ general counsel of the $280 million Members Cooperative Credit Union of Cloquet, Minn. as its new president/CEO.

HarborOne Credit Union has proved it is meeting the needs of low and middle income people, Congressman Barney Frank and chairman of the House Financial Services Committee (D-Mass.) said Friday.

Credit union ATM deployers should keep routinely checking their ATMs to make sure all their standard fee disclosures are up to date as law firms around the country have continued to file lawsuits alleging disclosure errors.

A new disaster recovery system for the online banking solution used by more than 100 credit union clients of WESCO Net and CU*Answers has passed a major test, the CUSOs said.