News

That first meeting a member has with an adviser may be a strong factor in determining whether an investment program can generate long-term revenue for a credit union.

One of the five top officers of the $545 million Memphis Area Teachers Credit Union, fired last month in a management shakeup, has filed a whistleblower defamation suit.

Hope Community Completes American Savings Merger Nearly a year in process, the $117 million Hope Community Credit Union, a Jackson, Miss. community development CU, has completed a merger with Memphis-based American Savings Credit Union.

Auto Financial Group, an online provider of financing products for credit unions, joined in partnership with Credit Union Lending Systems to offer Auto Financial Group's DrivingSense product to credit unions.

Continuing what the credit union says is an ongoing trend, the $1.3 billion Truliant Federal Credit Union closed 32% more mortgages this past June than it closed in June of 2008.

LPL Financial Corp., which counts hundreds of credit unions among its clients, announced today that it will integrate three of its affiliated broker-dealers that serve independent financial advisers.