News

Credit unions more than tripled their market share of point-of-sale financed new vehicles during the past two years, from 3% in 2004 to 10% in 2006, according to a year-end survey by J.D. Power & Associates.

More than 70 members turned out for Continental Federal Credit Union's annual meeting on March 27 to hear enhancements they can expect going forward and how a merger with $1.6 billion Wings Financial Federal Credit Union would have been a "direct threat" to the CU's future. "Looking ahead, we are...

The California/Nevada Credit Union Leagues have now joined the industry chorus lambasting the hostile takeover bid of Minneapolis-based Wings Financial Federal Credit Union to merge with Continental Federal Credit Union of El Segundo.

The $6.8 billion Orange County Teachers Federal Credit Union is using a fleet of 258 ATMs to reach the parts of membership that are spread through rural areas in its large field of membership.

For many members of Generation Y, a car is their first large purchase and GrooveCar is reaching out to the group with buying, selling, leasing and financing education in the form of a blog.

Legislation to reform the government sponsored enterprises was still being marked up at press time last week, but one provision supported by NAFCU had been accepted by the committee.