News

SPRINGFIELD, Mass.-- Carol Aranjo, former CEO of D. Edward Wells Credit Union went on trial here yesterday on charges of fraud and embezzlement. Charged in an 86-count indictment in 2006, Aranjo and her husband, Douglas Smith are accused of taking $1.3 million from the community development CU for personal expenses...

HARRISBURG, Pa. -- The Pennsylvania Credit Union Association has formed a new professional group for credit union employees serving the member business services market.

OLYMPIA, Wash. -- A committee of the Washington House of Representatives has moved a bill which would allow credit unions in the State to recoup losses caused from a card security breach at a retailer.

LENEXA, Kansas -- Standard and Poor's rating agency announced that it has dropped U.S Central's rating to AA+, its second highest from AAA, its highest. "Wells Fargo is the only other AAA rating," said U.S. Central Executive Vice President Dave Dickens, about the change. "U.S. Central now has an AA+...

NEW YORK -- The National Federation of Community Development Credit Unions has announced that 2007 saw it raise record amounts of capital for its member community development credit unions.

NEW YORK -- The National Federation of Community Development Credit Unions has announced that 2007 saw it raise record amounts of capital for its member community development credit unions.