News

The troubled $851 million Arrowhead Credit Union of San Bernardino, Calif. is selling off five of its branches to the $3.9 billion Alaska USA FCU, it was announced Thursday.

The $1.4 billion Summit Credit Union is one of the sponsors of an upcoming forum that will explore why consumers makes choices they later regret and put their families at financial risk.

Two state leagues, Texas and California, have taken to a little Capitol Hill bank bashing this week over business lending in anticipation of stepped up American Bankers Association opposition to pending CUNA bills.

The NCUA Board unanimously sent out proposed regulations for a 60-day comment period at today's meeting.

As part of its cost-cutting over the last year, ailing Arrowhead Central Credit Union has cut its staff by a fifth to 400 and has shrunk its loan portfolio "way down" in three areas-autos, home equity and RVs, said Larry Sharp, president/CEO.

Fifteen years after it was founded and three years after it was sold, Digital Insight is no more.