News

The only thing that stands between the merger between the American Bankers Association and America's Community Bankers is wading through the legal paperwork.

The lawsuit brought by the $295 million Lafayette Federal Credit Union against a former CEO, Bill Brooks, and his son continues to move slowly through the courts. In the latest twist the Brookses have accused the CU of trying to deliberately slow the litigation to increase legal costs.

As part of its quest to become the premier financial institution in Metro Atlanta, Delta Community Credit Union opened its newest branch in Cobb County here on Oct. 22.

Credit Union Tax Services has joined forces with Jackson Hewitt Tax Service Inc. to offer discounted, professional tax services to the members of over 1,000 credit unions.

The Wall Street Journal has been following the housing crisis and foreclosure blues fallout with an eye to its possible political ramifications, noting that six of the 10 states with the highest foreclosure rates in the country are considered by leaders of both parties to be swing states.

When the losses started to mount it was inevitable that the management and board of directors at Great American Credit Union here began to consider the merger option. "Our members have been looking for more services than we could deliver, more branches in the northern and southern part of the...