News

WASHINGTON -- The administration defended its role in the bailout of Wall Street investment bank Bear Stearns before the Senate Committee on Banking, Housing and Urban Affairs, saying that it was necessary to avert a greater breakdown in the financial market.

BROOKFIELD, Wis. -- Alaska USA Federal Credit Union plans to use a new Web-based cash management solution to optimize the supply chain among its 200 ATMs and 50 branches across Alaska and Washington state.

PORTLAND, Ore. -- Attendees from across the country convened in Scottsdale, Ariz. last month for CU Business Group's second annual conference.

WASHINGTON -- Fending off the rains amidst Washington's famous cherry blossoms April 6, Ridouane Harroufi of Morocco and Lineth Chepkurui of Kenya, both new to the Credit Union Cherry Blossom 10-Mile Run, took the wins at the 36th annual running of the world-class road race.

FRAMINGHAM, Mass. -- Credit unions that issue Visa had their chance in late 2007 to get back some of the money they lost in the TJX card security breach. Now MasterCard issuing credit unions will have their chance.

NEW YORK -- Effective March 7, Jeffrey Rubin, co-founder of Newtek Business Services Inc., has resigned as president and a director to pursue personal and professional business interests, the company said.