News

PSCU Financial Services is being lead by a team of executives put in place while former long-term CEO David Serlo was on medical leave while its board conducts a search for a new CEO.

Doug Thompson, CEO of the $82 million Aberdeen FCU, said the question of whether or not to recapitalize corporates mirrors a question facing the entire credit union movement: cooperate more or less?

Employees of the $1.3 billion Arizona State Credit Union of Phoenix were on the front lines late last week in providing community assistance to firefighters as they sought to contain a raging wildfire near Flagstaff.

The seized Arrowhead Central Credit Union paid volunteers more than $27,000 during 2008, according to tax forms posted on nonprofit reporting website Guidestar.org.

NCUA Schedules Closed Board Meeting.

House and Senate Conferees agreed to a final version of the financial reform legislation that includes controversial language mandating the Federal Reserve to set debit card interchange rates at a "reasonable level."

The Credit Union Association of New York stepped up its campaign Friday to win lawmaker support for a compromise bill on allowing the deposit of public funds with a $250,000 cap.

Credit unions were a favorite target of a specialized kind of text-to-phone phishing attacks (often called "smishing"), accounting for fully 83% of the individual brands targeted, according to online security specialist Internet Identity (IID).