News

A petition from more than 140 members of the University of Iowa Community Credit Union has prompted a new vote on changing the financial institution's name to Optiva Credit Union.

"Whether or not that happens will depend on a number of factors, including what changes are made to the federal loan system and market and economic conditions," says Research Associate Courtney McSwain. "Private loans certainly are growing, and students are using private loans more, especially students pursuing professional degrees."

Smaller credit unions do have a place in the credit union community, but mergers are sometimes necessary or in the best interest of the membership, Merger Solutions Group President David Bartoo, said.

The $4.1 million American Airlines Federal Credit Union has chosen CO-OP Financial Services for ATM driving and debit card processing. The credit union has more than 204,000 members, 131 ATM's and more than five million debit cards.

Corporate One Federal Credit Union will be holding a conference and workshop geared toward enterprise risk management on April 30-May 2 at the Mirage Hotel in Las Vegas. The conference is targeting CEOs, CFOs, COOs and CROs.

The Defense Department has designated Feb. 25 through March 4, 2007 as Military Saves Week to encourage service members and their families to establish saving goals and set money aside for emergencies and other needs.