News

Most people in the credit union industry associate international remittances with Latin America as credit unions have stepped up with an effort to help newly arrived residents from Latin American countries send money home.

Arizona replacing Nevada as the fastest growing state has also meant a membership surge for one credit union, the $1.5 billion Arizona Federal Credit Union, which announced over the holidays it enjoyed a 17% membership increase of 32,000 members in 2006.

Heightened regulatory scrutiny on foreign transactions could be on the way for credit unions as the possible result of close new ties between credit union regulators and an agency of the U.S. Treasury, Washington attorney Judith A. Lee, a specialist in financial trade law, told a Credit Union Times/Executive Enterprise...

When it comes to shared branches and compliance, credit unions should be getting an assist this year in identifying cash and check transactions from Credit Union Service Corp. under new rules put in place last September by the Duluth, Ga. service provider.

Credit Union Times is launching an expanded awards program in 2007. As the leading independent publication in the industry, the awards program is unbiased and open to all credit union professionals and volunteers, making it the premier awards program in the industry. Winners will be selected by the editorial department.

For residents here, the holidays don't officially start until they pay a visit to Services Center Federal Credit Union.