News

Marking one of the largest mergers in years in Washington State, two Seattle area CUs, the $564 million Watermark CU and the $544 million Sound CU, are planning to merge in 2011.

WASHINGTON — More than 800 CU industry executives and volunteers gathered at Washington's Grand Hyatt Hotel last night to honor the credit union youth, former CUNA CEO Dan Mica and Rudy Hanley, longtime CEO of SchoolsFirst CU.

WASHINGTON — The woman setting up the new Bureau of Consumer Financial Protection said the bureau will be a strong ally of credit unions that “want to work on behalf of their members.”

The most common reason for switching banks was a change in life circumstances, although fees and rates, unmet expectations and poor service were top choices too, a new study showed.

The most common reason for switching banks was a change in life circumstances, although fees and rates, unmet expectations and poor service were top choices too, a new study showed.

WASHINGTON — According to NCUA Board Member Michael Fryzel, the difficult decisions made by the NCUA and credit unions have paved the way for a future for credit unions that is “even better than their distinguished past.”