News

In a merger underscoring compliance concerns of small credit unions, the $312 million Connexus Credit Union of Wausau, Wis., said it expects to complete the consolidation of the $3 million Wausau City Employees CU by June 1.

At a time when organizations are aggressively cutting personnel, the way to survive is not just to cozy up to the boss but to create a niche for yourself that makes you too valuable to be let go or be allowed to quit.

Sixty-five credit unions already have signed up for a new Regulation E overdraft opt-in service from PSCU Financial Services, the company said.

About 50 credit unions are now using CO-OP Financial Services' new multi-mode mobile banking platform after the recent completion of its official launch.

Dade County FCU is awaiting approval from the NCUA on its request to take over Keys FCU, which the NCUA placed into conservatorship last September.

An improved economy and a desire of consumers to take advantage of a tax credit for first-time homebuyers combined to cause new home sales to increase 14.8% last month.

The $3.1 billion United Nations Federal Credit Union has become the first financial institution in the United States to issue chip and PIN credit cards.

With 67% of its 42,000-member base maintaining a checking account at Alabama Credit Union, the cooperative is on a mission to be a one-stop shop.