News

Colorado State Employees Credit Union wants to give young people credit--the kind of credit that can help them get a good job or reasonable insurance rates.

With their constituents complaints about credit card practices ringing in their ears lawmakers on the House Financial Services Committee from both sides of the aisle signaled their displeasure with many current credit card management practices and a willingness to regulate them further.

In more fallout from the Centrix bankruptcy, Mission Federal Credit Union here announced a settlement over its purchase of Centrix loans bought as participations.

Marking its first major partnership since withdrawing a controversial merger proposal, Wings Financial Federal Credit Union announced on June 13 that it has secured an agreement with JetBlue Airways to offer products and services to the more than 11,000 crewmembers of the New York-based carrier.

Mountain America Credit Union President and CEO Gordon Dames has been inducted into the Utah League of Credit Union's Hall of Fame.

Four more credit unions have sold their credit card portfolios to TNB Card Services, the card portfolio purchasing and servicing arm of credit union-owned Town North Bank. TNB Card Services now owns and manages the card portfolios of more than 125 credit unions, the firm said.