News

The task of protecting 10 small highway credit unions in Missouri from being ousted from state offices just got tougher even after lawmakers gave vigorous support to the industry cause late last month.

The $3.7 billion Corporate One FCU did not record any OTTIs against $35.5 million worth of securities wrapped by monoline insurer Ambac Assurance Corp., according to its March 2010 financials.

Michigan credit unions and CUSOs are spreading the word statewide to small business owners that financing is available.

World Council of Credit Unions board director Anne Cochran has been named treasurer of the group, replacing Mark Bailey.

Two of the top executives at Nevada's struggling Silver State Schools Credit Union have apparently lost their jobs, it was disclosed last week.

Triton of Delaware, an ATM manufacturer that makes its machines in the U.S. and was formerly a division of the Dover Corp., has been sold to private investors, the company confirmed.