News

Two Topeka, Kan., credit unions that will merge this month have selected Quest as their new name, creating the state's fifth largest CU with $225 million in assets.

NCUA Deputy Executive Director Larry Fazio said the regulator already has "solid estimates" on the size of corporate loss exposures and other corporate stabilization expenses and is on target to recommend an assessment figure this summer.

Young & Free is hitting St. Louis courtesy of Vantage Credit Union. The credit union has kicked off the search for a spokesperson to be the voice of local 18-25 year olds.

WesCorp Federal Credit Union Vice President of Pacific Operations Delton Ho has been tapped to manage the WesCorp Honolulu office.

Credit card companies have enlisted state treasurers who say that cutting interchange fees would limit card issuers' abilities to give states access to prepaid cards to distribute benefits at little or no cost.

As the industry's interchange blitz strode into full swing this week, CUNA and state leagues warned anew Monday about the bottom line impact on credit unions should the Durbin amendment be enacted.

NCUA Chairman Debbie Matz reiterated how the agency would be ready to revise the member business lending regulation should the 12.25% of asset cap go to 27.5% or higher.

Marking its fifth California merger in just under two years, the $190 million Self-Help Federal Credit Union of Oakland, Calif. announced it is completing a consolidation of the ailing $23 million United Savings FCU of Antioch.