News

Western Corporate FCU's decision to reclassify part of its investment portfolio to available-for-sale could add some fuel to the PIMCO conflict-of-interest fire.

Senate Banking Committee Chairman Christopher Dodd (D-Ct.) said today he hopes that the bill which includes money to create a corporate credit union stabilization fund will be voted on by the full Senate next Tuesday.

Through a new partnership between Credit Union Resources, an affiliate of the Texas Credit Union League, and New Benefits Ltd., members will now have access to discounts on health-related items.

Not all California credit unions are losing money.

Credit unions in Texas border towns were going to extra lengths Thursday with distribution of hand sanitizers, disinfectant wipes and cans of Lysol to even take home to protect employees against coming down with the swine flu.

South Carolina credit unions, led by the $128 million Carolina Trust Federal Credit Union, showed the way this week in coming to the aid of displaced families from wildfires that destroyed 70 homes and damaged 80 more a week ago in North Myrtle Beach.