News

The acquisition of the CUMIS Group Limited, once majority-owned by CUNA Mutual Group, was completed on Dec. 31, the company's buyers Canada-based Central 1 Credit Union and Co-Operators Life Insurance Co. said.

Longtime credit union industry veteran Steve Lumm has been tapped to serve as interim president/CEO of Kinecta Federal Credit Union.

Distinguished lawmakers, regulators as well as a rock band will be appearing at CUNA's Governmental Affairs Conference next month.

State employees now required to take furlough days without pay can find a helping hand at Connecticut Labor Department Federal Credit Union.

The $1.2 billion Chartway Federal Credit Union of Hampton Roads, Va. merged the troubled $311 million HeritageWest FCU of Tooele, Utah in an agency-approved purchase/assumption deal over the New Year's weekend.

At the end of February, all paper checks will be processed by the Federal Reserve Bank of Cleveland and there will be no such thing as a non-local check, as a result of rules changes approved last week by the Fed's Board of Governors.