News

Illinois-based Credit Union 1, one of the leaders among privately insured CUs in the merger market, is ready to take over its third, small struggling CU in a year.

The 60-month CD held its interest rate better than any other deposit product at banks, according to research firm Market Rates Insight.

Four people, who were either convicted of or pleaded guilty to various crimes while working at credit unions, have been banned by the NCUA from ever participating in the affairs of a federally insured financial institution.

Grow Financial Federal Credit Union in Tampa Bay, Fla., is expanding its relationship with Wolters Kluwer Financial Services by joining the firm's AppOne Platform.

Credit Union 24 has partnered with Palmetto Cooperative Services to provide credit union-owned point-of-sale and surcharge-free ATM services to credit unions referred to the network.

Although the final statistics for the year are not yet in, the FBI's numbers suggest that there were fewer robberies at credit unions and banks in 2010 than in 2009.