News

This year, 57% of American consumers plan to spend as much or more than they did last year at the holidays -compared with 54% last year-according to a survey released by CUNA and the Consumer Federation of America.

That meeting between the rate of a liquid account and of a term deposit called the liquidation point may be one of the reasons more money tends to flow out of CDs into money market accounts.

The $2.5 billion Georgia Corporate Federal Credit Union cleared a key hurdle Tuesday in its bid to be a merger partner next year with the NCUA-conserved Southwest Bridge Corporate FCU of Plano, Tex.

Pennsylvania Gov.-elect Tom Corbett has selected Richard Stipa, CEO of TruMark Financial Credit Union, to serve on his transition team.

Premier Members Federal Credit Union has named former Desert Schools Federal Credit Union Executive Vice President Carlos Pacheco its new CEO.

It's World AIDS Day and the World Council of Credit Unions has observed the day by shining a spotlight on the efforts of Kenya's savings and credit cooperatives.

The Los Angeles-based California Bear Credit Union has tapped Vice President of Marketing/Business Development Robert York to be its new president/CEO.

The coming year's executive committee and officers for the CUNA Lending Council were recently named at the council's annual meeting in Las Vegas.