News

RANCHO CUCAMONGA, Calif. -- CO-OP Financial Services has formally joined in the Electronic Payments Coalition in the fight against the legislation which would sharply impact card interchange rates.

HONOLULU -- Employees who lost their jobs when Aloha Airlines shut down in March have another resource to turn to financial help, Aloha Airlines Federal Credit Union said.

WASHINGTON -- CU pioneer Chip Filson is organizing a new initiative on alternative capital for credit unions.

BOSTON -- Could a conspiracy of only 11 people have committed some of the most serious and sweeping card data thefts that have damaged CUs in the last three years? That is what the U.S. Department of Justice alleged in indictments handed down in Boston yesterday.

WASHINGTON -- The continuing woes of the housing industry again took their toll on mortgage buyer Freddie Mac as it today reported that during the second quarter revenues fell 28% and the enterprise lost $821 million.

WASHINGTON -- Port Trust Federal Credit Union was declared insolvent and ordered closed by NCUA on Tuesday.