News

The problems at NCUA-conserved AEA Federal Credit Union of Yuma, Ariz., continue to garner media coverage highlighting the CU's $31 million yearend loss and negative 7.63 net worth.

In step with the scenario of airline mergers, the $7 billion Alliant Credit Union of Chicago said this week it has now completed the takeover of the once-ailing $170 million Continental FCU of Tempe, Ariz.

ARLINGTON, Va. -- There won't be a double dip recession but the short term outlook is for modest growth, the top economists of CUNA and NAFCU said last night.

Credit unions with credit card programs might see a significant uptick in their credit card balances based on Federal Reserve data from the end of 2010.

Credit union executives wanting to find data about the performance of banks can consult data that is now included in Callahan & Associates' Peer-to-Peer software.

The former chair of NCUA, JoAnn Johnson, was nominated Tuesday by Iowa Gov. Terry Branstad as superintendent of the state's Division of Credit Unions.