News

Credit Unions that have their debit and credit card processing with different firms do not necessarily benefit from consolidating all their card business with one card processor, according to research conducted and released by CO-OP Financial Services.

As many as 50 credit unions across the U.S. could have become potential partners for the $250 million Toyota Federal Credit Union of Torrance, Calif. based on its high performance mark, according to Bartoo Associates, a CU merger consulting firm.

Shared branching and its importance to the credit union movement overall drew the praise of credit union leaders addressing a recent shared branching meeting.

The Arkansas Credit Union League has picked "Arcuso" as the name for its indirect CUSO having filed incorporation papers with the Arkansas Secretary of State.

During Georgia Central Credit Union's 2007 Economic Symposium, Jeff Rosensweig, director of the Global Perspectives Program at the Goizueta Business School of Emory University, discussed implications of global economic trends and the general state of the United States economy.

June 27 marked a turning point in the continuing tale of woe in the subprime mortgage market, with federal regulators issuing new rules that go into effect immediately.