News

Taking its economic lumps following an $8 million loss in 2008, the $520 million Greater Nevada Credit Union confirmed Monday it has closed two branches and laid off 27 employees with a work force now down "to less than 200."

MeridianLink's online new member and account-opening solution is now being offered to members of the Credit Union Service Network.

A Web-based collections package touted as scalable, customizable and "not overflowing with unused features" is the newest offering from CUTEK.

Responding to urgent appeals from a Denver food bank, Colorado credit unions acted quickly to organize a statewide food drive to help stock the shelves.

Eastern Corporate Federal Credit Union's decision to not participate in the NCUA's original Temporary Corporate Credit Union Share Guarantee Program was "extremely difficult," said Jane Melchionda, president/CEO of the $1.27 billion corporate.

NAFCU President Fred Becker today encouraged NCUA to borrow as much as it is allowed to so credit unions can spread out their repayment to the NCUSIF over seven or eight years to pay for the agency's rescue plan for corporate credit unions.