News

A little over a year after Texans Credit Union settled a contentious wrongful termination case with the former president of its insurance CUSO, the cooperative has been hit with yet another suit with strikingly similar details.

The Federal Reserve's most recent report about cards issued in affinity with colleges and universities has shown how the overall college and university affinity market has contracted slightly over the last year but also provided credit unions with card-issuing opportunities.

The head of one of Atlanta’s largest credit unions, Lin Hodges of the $1.1 billion Associated Credit Union, takes a dim view of “slash and burn” tactics when it comes to CU merging.

Contrary to conventional wisdom, as the nation moves through an extended housing downturn, a number of credit unions have found themselves faced with significant amounts of REO.

The concept of mandatory dues to pay for industry-sponsored awareness campaigns looks to be ending. The Pennsylvania Credit Union Association said it was ending a four-year-old rule financing the iBelong campaign out of concern it might lose disaffiliating members because of the economy and internal costs.

The $8.1 million Vensure Federal Credit Union, the Arizona credit union that at one time made most of its money by processing transactions for Internet poker sites, is no more. The NCUA announced it has liquidated the Mesa-based credit union on July 11, the same day a court case...