News

The $1.6 billion Travis Credit Union is merging the ailing $177 million Metro 1 CU of Concord, Calif., effective next spring, it was announced Friday.

The NCUA Board doesn't plan to end the year quietly.

Card Services for Credit Unions, the association of credit unions that process their card transactions with FIS, announced the $5 billion Suncoast Schools Federal Credit has signed on for credit, debit and ATM processing.

The head of the new $4.7 billion First Tech Federal Credit Union, Benson Porter, cautioned Thursday against credit unions elsewhere using the California/Oregon mega-merger as an exact template or business model.

WASHINGTON -- NCUA Chairman Debbie Matz told the Senate Banking Committee today that the "profound and unprecedented threats" to the stability of the CU industry were lessened by the NCUA's actions in dealing with corporates and beefing up examinations.

The National Credit Union Foundation made financial education the overwhelming focus of its grant making for next year, allocating over $294,000 to 15 credit union financial education projects.

Central 1 Credit Union has joined credit unions in British Columbia and Ontario to launch what they are calling the first mobile person-to-person payments offering from Canadian financial institutions.

Marking its largest single donation to date, the Virginia Credit Union League through its foundation has contributed $35,000 to a statewide food bank organization.