News

The $9 billion Members United Corporate FCU announced in a letter to members Sept. 17 it would deliver pink slips to 27 employees, most of whom will leave the organization during the next 30 days.

Akcelerant said it can expand its presence among Symitar-powered credit unions now that it has signed a new partnership agreement with the credit union core processing division of Jack Henry & Associates.

An article in the Hartford Business Journal speculates that the mutual holding company structure, long a popular option for credit unions converting from credit union to bank charters, may be on its way out.

WASHINGTON - The unwillingness of Republicans to raise taxes coupled with Democrats' unwillingness to cut taxes will cause a fierce battle next year, conservative analyst Patrick Buchanan told attendees at NAFCU's Congressional Caucus.

WASHINGTON - The difficulties faced by credit unions should cause them to do even more due diligence and use sound and timely risk management practices, NCUA Board Member Gigi Hyland said today.

Two Washington state credit unions are among the first participants in a new fraud-fighting network created by Microsoft and the National Cyber-Forensics and Training Alliance.