News

Rep. Paul Kanjorski, who has been one of the strongest supporters of credit unions in Congress, was defeated after a 26-year career by Hazleton Mayor Lou Barletta.

The bitter and nasty race for Harry Reid's U.S. Senate seat in Nevada has been a credit union negative on one level: It knocked out all those product ads and positive messaging.

The $1.6 billion Texans Credit Union said it plans to fight against a suit that claims the cooperative's commercial real estate CUSO did not follow through on providing loans for a failed Mississippi project.

The $43 billion Navy Federal Credit Union, on course to complete its merger of the $605 million USA Federal CU of San Diego, is providing new USA Federal members a yearend timeline on the integration process of products and services.

The new head of the California/Nevada Credit Union League, Diana Dykstra, joined the industry chorus Tuesday against CUs making hasty decisions on corporate services, stressing initial system recommendations may be at hand in a matter of weeks.

Reps. Dan Burton and Mike Pence (both R-Ind.) have won re-election, while Democratic senate candidate Rep. Brad Ellsworth lost a race for an open Senate seat, the Associated Press projected.