News

SARAJEVO, Bosnia and Herzegovina - Djana Fadil of the Railway Zadruga in this war-fatigued city has battled to keep his zadruga (credit union) open including resisting attempts by the government to arrest him. The zadruga has 4,700 members, a 30-person volunteer board and US$5 million in assets. It operates on...

TORONTO - Credit unions in Canada rank higher than banks and other financial institutions in most customer service measures, according to an independent national survey. The 2005 Synovate Customer Service Index found credit unions ranked highest in: * overall quality of customer service; * values "my" business; * staff service...

NEEDHAM, Mass. - Utilities continue to be the leading category of billers for expedited bill pay transactions in the United States, followed by lenders. Meanwhile, the research and advisory firm estimates that expedited bill payment volume in 2005 will total approximately 554 million transactions, 287 million of which originate through...

VANCOUVER, British Columbia - After 20 years at the helm, Wayne Nygren announced on Nov. 8 that he will retire in April 2006 as president/CEO of Credit Union Central of British Columbia. Nygren, 60, joined Central in 1981 as vice-president, finance and chief financial officer. He was appointed president/CEO in...

PENRITH SYDNEY, Australia - Rugby Fans of the Penrith Panthers had mixed reactions to the renaming of their stadium. The new name will be Credit Union Australia Stadium Penrith after the country's largest credit union. This is the first time the stadium has had corporate sponsorship and is the home...

GOLBURN, Australia - Golburn is celebrating the creation of new jobs when the Police Credit Union moves its headquarters from Sydney in late November. The town lost several jobs when the Telstra's call center laid off 18 people and GHAS laid off nine. Another smaller lay off is anticipated from...