News

As a testament to its statewide presence, more than 700 members from around North Carolina attended State Employees' Credit Union's recent annual meeting.

A better understanding of how employers can better understand and comply with rules and regulations governing employer-sponsored 401(k) plans was the topic of discussion at a recent seminar from the Department of Labor.

Taking a cue from the American Bankers Association in attacking credit union loans in the Florida land scandal, the state's banker trade group lobbed a media broadside this month at the $143 million Superior Choice Credit Union for holding faulty participation loans with Norlarco Credit Union of Fort Collins, Colo.

The $1.1 billion Service Credit Union, whose field of membership includes many members of the armed services stationed overseas, has presented $2,000 in prepaid debit cards to military families who are staying at a facility for military families in Germany.

Two more California credit unions have announced merger plans.

Washington Mutual, the nation's largest thrift, has been slapped with a cease and desist order by the Office of Thrift Supervision for Bank Secrecy Act violations.