News

The $800 million Black Hills Federal Credit Union and a $1 billion Pennsylvania bank are the latest clients to sign on with INVEST Financial Corp. for brokerage and investment services.

The failure of a former credit union that converted first to a mutual bank and then to a fully stock issuing bank was looming on the horizon, according to press reports and government filings.

CUNA President/CEO Dan Mica met with Treasury Secretary Timothy Geithner to urge the administration support legislation that would raise the cap from 12.25% of assets to 25%.

Saying it has been "an honor to be able to serve my country at the Federal Reserve," during a 40-year career as a staff member and board member, Federal Reserve Vice Chairman Donald L. Kohn informed President Obama today that he will retire on June 23.

The new credit card legislation has helped pushed credit unions in the national media spotlight.

In its latest business benchmark report, Experian discovered that firms with more than 1,000 employees continued to show the highest rate of projected severe delinquency with payments owed.