News

The push toward internal cost-cutting at credit unions and their trade groups has an Oklahoma face this month

David K Henke, the former CEO of the $6 million Rapids Municipal Credit Union, headquartered in Wisconsin Rapids, Wis., has been found dead in his car of an apparent suicide on Nov. 2.

Reps. David Obey (D-Wis.) and Sam Graves (R-Mo.) have rarely had tough re-election races and neither legislator serves on the committee with primary jurisdiction over credit unions.

A marketing plan and a strong product line helped Erie Federal Credit Union to experience a 32% increase in business loans in 2008 and earn one of CUNA Mutual Group's Excellence in Lending awards.

Bent on pursuing cost savings and eliminating duplication, the leadership of eight state credit union leagues convened in a special session in Oklahoma City this week to explore new areas where economies of scale can be realized in the year ahead.

More details are becoming available about a new site consumers can use to find consumer friendly credit cards in their area.