News

Northeast Credit Union is counting on MyFunds to help prove it pays to start saving young.

While corporate credit unions' balance sheets in large part reflect what is happening with their natural person members, corporates do vary in two key categories--return on assets and operating expenses.

The Small Business Administration's 7(a) loan program could receive $17.5 billion and its 504 loan program would be earmarked at $7.5 billion under President Bush's fiscal year 2008 budget.

Delta Community Credit Union has promoted Todd Marksberry to executive vice president and chief operations officer.

Approximately 15% of the 588,000 members of the $3.9 billion Security Service Federal Credit Union used the credit union's overdraft protection program in 2006 according to John Worthington, senior vice president for communications for the credit union, and most of them used it to cover electronic transactions, he said.

No one has taken their bows yet for the Web site that takes a humorous swipe at the bankers, www.bankerspank.com, but the credit union community is certainly talking about it.