News

Leonminster Credit Union program teaches financial life skills, awards prizes along the way.

Many U.S. Central services will have new requirements starting Jan. 12, while wires will be discontinued as of March 30 and automated settlement transactions will be discontinued as of May 31.

In an unforeseen management shift, Benson Porter, president/CEO of the $5 billion First Tech Federal Credit Union of Palo Alto, Calif., will be taking over the $9.7 billion BECU of Tukwila, Wash., next April, succeeding retiring CEO Gary Oakland.

Iowas Community Choice Credit Union, embroiled in a signage flap with veterans, learned a thing or two recently about avoiding the passive role when it comes to staying on message.

The NCUA said last week that it plans to withdraw a request to extend its program for the monthly collection of financial performance and executive compensation data for large Region 3 federally insured credit unions.

The lingering slowdown that is afflicting the U.S. economy is forcing credit unions to pay more attention to collections, a part of their business that is often forgotten or ignored, according to a new report prepared by the CUNA Lending Council.