News

TAMPA, Fla. -- At Florida's larget credit union, software has replaced what has traditionally been one of the most manual of processes--managing safe deposit boxes.

NEW YORK -- When the going gets tough, the tough don't retire. That is one of the lessons Clifford Rosenthal, CEO of the National Federation of Community Development Credit Unions has drawn from the current down economy.

WASHINGTON -- Industry observers think that Fannie Mae and Freddie Mac, now in conservatorship, could be reconstituted in one of several different forms. But they admit that the current, ever changing financial crises and the upcoming elections have put reorganization--in other times a huge consideration--on the back burner.

COLUMBUS, Ohio -- A falling interest rate environment and competition for liquidity sources have resulted in a run on CDs and a surge in business for certificate programs that cater to credit unions.

MINNEAPOLIS -- Elan Financial Services, a subsidiary of US Bancorp, will offer agent issuing credit union partners the opportunity to issue the Visa Signature card.

NAPERVILLE, Ill. -- The Illinois Credit Union League is encouraging more of the state's credit unions to get involved with a federal program that can put relatively large lump sums of money in the hands of lower income credit union members.