News

On the eve of a Senate vote and with the measure facing likely defeat, CUNA today said it was withdrawing from negotiations on the measure to allow bankruptcy judges to rewrite the terms of mortgages.

Credit unions from across the nation once again celebrated National Credit Union Youth Week, April 19-25.

The House Financial Services Committee last Wednesday approved a measure to put additional restrictions on credit unions and other credit card issuers.

CO-OP Shared Branching is trumpeting having added more than 1,000 credit unions to its Next Generation Switch. The shared branching switch that is proprietary to CO-OP allows shared branching participants access to more member data at less expense.

Loans issued by Georgia's credit unions totaled $4.0 billion in 2008, nearly identical to the $4.1 billion distributed in 2007, according to a new report from the Georgia Credit Union Affiliates.

The $1.2 billion Chartway Federal Credit Union has decided to promote its own credit card program while big bank issuers are losing ground.