News

The North Carolina Credit Union Division recently received re-accreditation from NASCUS, the group announced.

The Credit Union Cherry Blossom 10 Mile Run title sponsor, Credit Union Miracle Day, Inc., elected its board of directors and officers at its recent annual meeting.

While CUSO participation is on the rise in the industry, the entities still are not the formidable players some advocates would like to see them be.

CUNA Chief Economist Bill Hampel pointed out that loan growth as of June was the weakest year-to-date it has been in the last five years while savings growth is the strongest in the last four years.

In move that surprised many industry analysts, Bank of America has begun raising the fee for non-depositors to use many of its ATMs.

If you're willing to be inconvenienced a little bit, Kathleen Litman says nearly any credit union can afford to produce a high-quality, professional television commercial.

Wescom Credit Union recouped its nearly $1 million investment in ACC Consumer Finance LLC when the company was acquired by CompuCredit at the end of 2006, said Jane Wood, executive vice president, but it has kept the ACC-generated portfolio of subprime auto loans.

Members of the credit union community, while standing up for the tax-exemption, do not feel that danger is imminent even after the Treasury Department--which includes the IRS--has made its third mark against the credit union tax-exemption this year.