News

Members of Space Coast Credit Union's executive management team are scheduled to meet with management at Eastern Financial Florida Credit Union today to begin the process of assessing every operational area of the troubled financial institution.

Credit Union 24, the credit union owned ATM and EFT network headquartered in Florida has announced four more CUs have joined its network and credit unions worth more than $4.3 billion in assets have renewed their contracts with their network.

Consumers bought fewer big-ticket items such as cars, appliances and office equipment last month, the Commerce Department reported today.

If the Basel Committee of Banking Supervision doesn't take financial cooperatives into consideration as it ponders stricter capital requirements, it won't be for a lack of trying.

While there continues to be speculation on the recipient of $10 billion in liquidity loans to two "problem" credit unions, NCUA is standing firm saying it never reveals who receives such loans.

There now are 200 credit unions and other lenders using the automated direct, indirect and merchant lending software platforms from Teres Solutions, the company said.