News

CUNA Mutual Group is advising credit unions to warn their members about online scams relating to the California wildfires.

Montgomery County Circuit Court Terence McGann today quashed an attempt to subpoena the Credit Union Times and its reporter David Morrison for deposition in the ongoing legal fight between Lafayette Federal Credit Union and its former CEO.

The Credit Union Economics Group provided what it termed a "modestly pessimistic" forecast for the rest of the year and into 2008 due to the stalling housing market and rising energy prices.

BECU, formerly the Boeing Employees Credit Union, has seen a high level of success from its effort to improve its formerly flat credit card portfolio, according to PSCU Financial Services, the payment processing CUSO that helped the CU make the change.

The National Federation of Community Development Credit Unions has met with early success in its campaign to raise at least $25 million for use as capital by community development credit unions working with lower income communities.

Participants from across Africa, parts of Europe and North America representing more than 400 credit union delegates kicked off WOCCU's Africa Congress yesterday.