News

Maurice Smith, the president/CEO of the $1 billion Local Government Federal Credit Union of Raleigh, N.C., has built his own website that promotes his candidacy for a seat on the 2011 CUNA board of directors.

At least two credit unions are involved in a new pilot program from the San Francisco Municipal Transportation Agency that will permit the sale of coveted taxi medallions.

The Financial Service Centers Cooperative has replaced four previously shared branching outlets with a shared branch and kiosks housed in other spaces.

Corporate One FCU is paying just 0.18% for a two-year certificate, and is 20 or more basis points lower across the board on term deposits compared to its competitors.

The seized Western Corporate FCU posted the corporate system's second highest term deposit rates yesterday, offering 0.74% for a two-year certificate.

Financing sources for small businesses will be one of several exchanges the SBA will share with the Ministry of Economic Development of the Russian Federation.