News

Compared to other vendors, credit union-owned CUSOs do a "better job" of serving credit unions because of their ability to customize, according to a new industry survey.

State Employees' Credit Union in Raleigh, N.C., was the first place winner of the Dora Maxwell Social Responsibility Award and the Louise A. Herring Award for Philosophy in Action.

Alaska USA Federal Credit Union will buy the assets of High Desert Federal Credit Union, which the NCUA has been operating under conservatorship since October 2008.

Federal Reserve Chairman Ben S. Bernanke this week singled out the "uniquely important role" of credit unions and other Community Development Financial Institutions in fostering economic growth and development.

The State Employees' Credit Union's SECU Foundation has pledged $300,000 to complete construction of a North Carolina hospice facility.

A trio of small Wisconsin credit unions are apparently in merger mode this month with two of them under the gun of the NCUA and all linked to last February's collapse of Central States Mortgage Co., the Wauwatosa, Wis. CUSO now in liquidation.