Credit Union Times | Accurate and Timely CU News

CUs Lose Fight on Student Loans

By Claude R. Marx

Credit unions and banks lost a key round in the fight over control of student loans last week when a House committee voted for an Obama administration plan to replace the Federal Family Education Loan Program with direct student lending

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CU Scholarship Awards Are Still Going Strong During Recession

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Pa. Credit Unions Step Up Aid to Employees

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July 28, 2009

CUs, Community Banks Offered Suite of Products to Best the Big Banks

BancVue CEO Gabriel Krajicek has a set of products he believes will help credit unions and community banks effectively win the marketing war against big national banks.

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July 28, 2009

Credit Unions That Sold Card Portfolios Come Roaring Back Into Issuing

Even in a bad economy, two of the five credit unions with the strongest credit card growth over the last year only recently got back into card issuing after selling their card portfolios.

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July 27, 2009

RSM McGladrey Files Suit Against McGladrey & Pullen

In response to a notice of intent to terminate its administrative services agreement, RSM McGladrey has filed a lawsuit against McGladrey & Pullen.

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July 27, 2009

Moody's Reports WesCorp's Liquidity is Stable

A new Moody's liquidity risk assessment on Western Corporate Federal Credit Union reveals that despite being placed into conservatorship March 20, WesCorp has not experienced a run on shares.

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July 27, 2009

Consumer Confidence Drops Again

Although some data-especially in the housing sector-show that the economy is picking up, consumers continue to have their doubts.

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July 27, 2009

Wescom Purchases Eight CU Card Portfolios Since 2006

The $3.2 billion Wescom Credit Union has purchased the card portfolios of eight credit unions and launched agent issuing agreements with them since it began buying portfolios late 2006.

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July 27, 2009