News

Town North Bank has confirmed that long-time CEO John Reap has stepped down as CEO. Town North is the only bank owned by credit unions in the U.S..

Fiserv Inc. said it has signed five new users of its core processing platforms for credit unions and renewed a contract with a sixth, a long-term customer.

GTE Federal Credit Union announced that it laid off 5% of its workforce at its Tampa, Fla., headquarters and will be closing three branches.

The Obama administrations plan to replace the Federal Family Education Loan Program with direct student lending got one step closer to becoming a reality with the House voting on and passing the measure.

Western Federal Credit Union has filed a lawsuit against Chrysler Deputy Chief Executive Jim Press for defaulting on a loan.

A watershed ruling this week by a Pennsylvania court upholding a state regulator's decision to grant five-county field of membership expansions to two Philadelphia credit unions is a "key legal victory," top attorneys said.