News

Sen. Jim Bunning, a member of the Banking Committee who often supported credit unions and criticized the Federal Reserve, announced today he will not seek re-election when his term expires next year.

Another weekend failure of a $2.8 billion Georgia bank chain could bring more "deposit inflows" into credit unions in the state, the president/CEO of Georgia Credit Union Affiliates said today.

NATIONAL HARBOR, Md. -- Because of the strong trust they engender, credit unions are in a strong position to generate more use of their existing credit cards or enter the market for the first time.

Chrysler announced that it will be refocusing its efforts away from the Invest in America program to concentrate on one program, Double Your Cash for Clunkers.

Robert Burrell, former chief investment officer at Western Corporate Federal Credit Union, has turned up at RiskSpan, the Stamford, Conn.-based data and risk management firm.

The SEC has voted unanimously to propose measures intended to curtail "pay to play" practices by investment advisers that seek to manage money for state and local governments.