News

HONOLULU -- It could have easily been a time of widespread panic, but when word came that Aloha Airlines had filed for bankruptcy and then abruptly announced that it was out of business, Aloha Airlines Federal Credit Union took an aggressive, proactive approach to reassure its members.

WASHINGTON -- Spurred by a groundswell of bad news in the mortgage and credit markets and hearing from constituents during a two-week break, the Senate stepped up efforts last week on housing legislation to help distressed homeowners.

MARTINSBURG, W. Va. -- It may not be big news elsewhere but West Virginia has its first student-run credit union branch in a high school here. But it's a matter of time--and motivation--when the achievement might fit nationally into the industry's advocacy and awareness pitch.

If past actions can accurately predict future behavior, credit unions shouldn't worry that the next U.S. president will implement reforms suggested by the Treasury Department that could harm the industry.

ATLANTA -- The $2.5 billion Delta Community Credit Union, which continues to increase its presence throughout Georgia, also has a tie to one of Northwest Airline's subsidiaries--Northwest Airlines Cargo.

SPOKANE, Wash. -- Pointing to changes in new federal rate-cutting rules and lowering of the guarantee, the $1 billion Spokane Teachers Credit Union is getting out of the student loan business effective this fall.

ODESSA, Texas -- The members of the $115 million First Basin Credit Union who opposed their CU's attempted conversion to a mutual bank and now want the CU to account for money spent on that conversion attempt got widespread coverage of a press conference yesterday.

WASHINGTON -- CUNA's 'Home for Our Troops' campaign to showcase the industry's contribution to Iraqi veterans during the political party conventions this summer picked up new steam Tuesday with separate announcements on state participation and a fundraising call by the $1.6 billion Keesler FCU greeted as "a moving tribute to...