News

The $1.4 billion Summit Credit Union of Madison, Wis. said last week it has received member and regulatory approval to merge the $68 million State Central CU of Milwaukee effective June 30.

The recent attention on state budget cuts and their impact on financial oversight turned to Georgia last week as the state's top regulator and Georgia Credit Union Affiliates lamented the loss of examiners.

Enlisting the help of credit unions, the Co-Op Miracle Match program has again offered $1 million for Children's Miracle Network support.

Loan demand declined in most categories during the first quarter of 2010 and this added to the difficulties facing many federally insured credit unions, the NCUA reported today.

The industry's fervent interchange blitz to kill the Durbin amendment continued to build momentum Wednesday with CUNA projecting its membership will have conducted 100,000 electronic and verbal contacts with lawmakers by day's end.

The $80 million Shreveport Federal Credit Union and the National Federation of Community Development Credit Unions said the credit union is apparently close to winning NCUA approval to merge the $5 million First Delta FCU of Marks, Miss.

Latino Community Credit Union has been singled out by the Southern Growth Policies Board as the 2010 Innovator Award winner.

The boards of the $3.5 billion Kinecta FCU and $1.2 billion NuVision FCU have announced their intent to merge into an institution that will serve 300,000 members in two Southern California counties.