News

The federal court verdict in favor of Community First Credit Union on UBIT represents substantial authority that credit life and disability insurance are exempt from the tax, according to an advisory opinion by attorneys for the UBIT Steering Committee.

A North Carolina credit union, the $238 million Piedmont Advantage, is enjoying a surge in new card business this fall as a result of a 6.9% fixed rate, no annual fee Visa card with account openings now topping 700.

So far, the idea of creating a provocative new name-Wildfire Credit Union-is producing plenty of local and national buzz and a trigger for youthful attention, said managers of the $523 million CU of Saginaw, Mich.

Philadelphia Federal Credit Union has gone first with a new Web channel that integrates its lending and other platforms with remote signature capability.

Former San Diego Metropolitan Credit Union President/CEO Joseph Schroeder has found a new home at Ventura County Credit Union.

New home buyers would continue to get a tax credit and the jobless could get up to 14 additional weeks of unemployment insurance,as a result of a bill passed 430-12 today, following unanimous passage by the Senate last night..