News

The number of companies sued in securities fraud class action litigation rose 43% between 2006 and 2007 in large part to the subprime mortgage crisis, according to a report from Cornerstone Research and Stanford University.

Desert Schools Federal Credit Union wants to help its members get in touch with their checking style.

It almost went unnoticed five months ago when the $28 million Desertview Federal Credit Union with a little industry help quietly put together a special $58,000 fund-raiser for the families of the Crandall Mine disaster in this central Utah town of 2,200.

For their loyalty and active participation in 2007, American Airlines Federal Credit Union awarded members their share of a $10 million dividend.

The board of directors of ALPS Federal Credit Union declared a year-end share bonus dividend and loan interest refund for members totaling $89,000.

The Georgia Credit Union League demonstrated that membership has its rewards as it recently provided a patronage refund to every credit union that attended the 2007 Georgia Credit Union League Annual Convention in Savannah.