News

With more than 20 years invested in its business lending program, Chetco Federal Credit Union has grown to become the "800 pound gorilla" in the highly competitive marketplace here.

The stage is set for the Credit Union Service Center Corporation, the shared branch network which has built its business by working closely with credit union leagues, to become an affiliate of CO-OP Financial Services on or around June 1.

CO-OP Financial Services has served as the sole sponsor to Children's Miracle Network's Champions Across America and CEO Stan Hollen is urging more credit union vendors to follow CO-OP's lead.

Taking action to halt the "graying membership" problem, the Wisconsin Credit Union League announced last week it is offering free registrations to CU members who bring staffers or directors "35 or younger" to the trade group's annual convention next month.

Legislation was introduced in the House just prior to the congressional spring recess to expand credit union business lending authorities while making it easier for credit unions to participate in SBA guarantee programs.

Last week, credit union CEOs around the country received an e-mail directing them to a Web site that urges CUNA Mutual Insurance Society (CMIS) policyholders to "Vote No on CUNA's Proposal" to merge CMIS with CUNA Mutual Life Insurance Company and to change CMIS' state of incorporation from Wisconsin to...