News

Executives with credit union said the ongoing recession is moving the economic advantages of shared branching to the front burner once again.

"There's a feeling" that economic conditions are improving for Arizona credit unions but "we may not be there yet," according to Steve Dunham, the chairman of the Arizona Credit Union League.

Credit unions that have sold their card portfolios and entered into agent issuer agreements with their purchasers remain by and large unhappy with their card issuing partners, according to a survey of CUs which have sold conducted by Asset Exchange.

More members are turning to First Financial Federal Credit Union for help in figuring out whether they're doing all they can to survive during their retirement years.

The Bel Air, Md.-based Freedom Federal Credit Union said it has earmarked $50 million in SBA lending to help local small business owners gain access to much-needed capital.

Merely 15 months after seeing their governor leave office in a prostitution scandal, Democrats in New York State suffered another blow yesterday when a legislative coup cost them control of the state Senate.