Credit Union Times | Accurate and Timely CU News

On Site Coverage: A Green Focus Can Provide Avenue to Younger Members

By David Morrison

HONG KONG -- Focusing on environmentally sustainable operations and lending policies can both save CUs money and provide them an avenue to younger members, according to a CEO of an Australian credit union which is a leader in the field.

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S&P Joins Fitch in Affirming U.S. Central's Ratings

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On Site Coverage: US Conversion Policy Puzzles World CU Leaders

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July 16, 2008

FBI Looking Into IndyMac Bancorp

NEW YORK -- The FBI has added the insolvent IndyMac Bancorp Inc. to its list of financial corporations worth investigating, the Associated Press is reporting. The bank is under investigation for possible fraud in connection with home loans made to risky borrowers.

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July 15, 2008

Centrals Form $7.5 Billion Canadian CU

VANCOUVER -- After nearly two years of stalls and starts, Credit Union Central of British Columbia and Credit Union Central of Ontario finally merged on July 1 to create the $7.5 billion Central 1 Credit Union.

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July 15, 2008

Utah's Four-Day Week Has No CU Takers

SALT LAKE CITY -- The energy-saving move by Gov. Jon Huntsman Jr. ordering major state agencies to start a four-day work week in August appeared to have no quick takers among credit unions or banks. But it generated plenty of talk about possible changes in the future should the pain...

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July 15, 2008