News

After a successful weekend conversion, Southwest Corporate Federal Credit Union welcomed more than 200 new members this morning as the merger with Northwest Corporate Federal Credit Union became effective.

With its third anniversary set for January, Credit Union Financial Network, an investments, trust services and insurance CUSO, is gearing up for another year of expansion.

Nearly three years in the making, half a dozen U.S. credit unions teamed up Monday with a British firm, Zopa Ltd, to sign up members for a specialized person-to-person "social lending" network.

Opposition to the move by the $186 million Beehive Credit Union to change to a mutual bank charter has begun to mount among some long term members who say that they distrust the motives of the CU'S leadership and want to see their credit union remain a CU.

BOSTON--DebtX, the firm here hired by the NCUA to sell off $26 million of bad loans for houses located in Cape Coral and Lehigh Acres in southwest Florida will conduct an online auction Dec. 13 to unload some of the debt.

The agreement between Cardtronic's Allpoint Network and Credit Union 24 has moved Credit Union 24 into the lead position, in terms of the shear numbers of ATMs, in providing credit union members with surcharge free access to their cash.