News

Convicted Ponzi schemer Bernard Madoff today was sentenced to spend 150 years in federal prison.

The work ethic at $708 million Goldenwest Credit Union of Ogden, Utah has come in for high honors this month from a state agency, a development underscoring the CU's emphasis on holding the line on staff cutbacks.

Culminating a four-month search, the newly-formed League of Southeastern Credit Unions said it has named Patrick La Pine, head of association services for the Michigan Credit Union League, as its new president/CEO.

For its benefit programs and high morale marks from employees, credit union-owned CUSO Financial Services LP was recently named one of San Diego's best places to work.

Nine credit unions were among the 59 community development financial institutions that received awards from the U.S. Department of the Treasury's Community Development Financial Institutions Fund, according to a Department announcement.

Deseret First Credit Union has opened the first financial institution in City Creek Center.