News

The changing requirements for mortgage issuing have led CU Members Mortgage, one of the leading mortgage issuing firms with credit union partners, to restructure its operations.

The $1.7 billion Redwood Credit Union of Santa Rosa, Calif. marking its first merger in three years, is expanding its local footprint by taking over the ailing, $90 million Cal State Central CU effective April 1.

There is more proof that lending to small businesses is starting to recover in some loan size categories even in the midst of a continued decline of activity by financial institutions.

Given the fast pace in which the world changes, never has the need for continuing credit union board education been greater.

As it’s grown, credit unions and their volunteers have become an integral part of VITA, the Volunteer Income Tax Assistance program that provides free help on returns to those who qualify–and that’s millions of American households.

There may be no more contentious question in the typically placid world of credit unions than this: How many corporate credit unions are needed to keep the system smoothly functioning? And that leads to the allied question: Do we need any corporates at all?