News

Queen Bee Beauty Supply was the recent recipient of the first SBA loan financed through a Delaware credit union, American Spirit Federal Credit Union.

Navy Federal Credit Union, through its big Pensacola, Fla. operation, has joined others in the BP oil spill restoration.

On the road to a planned merger this November, the Washington and Oregon Credit Union Leagues detailed a series of Town Hall meetings in August and September to provide member input on the consolidation plan.

Although there has been little movement since buzz started more than a year ago, micro-lending bank Grameen America Inc. said pursuing a credit union charter is still being considered.

The $8.15 billion Members United Corporate FCU's June portfolio update, released late today, showed a $1 million June profit that increased retained earnings to $9.6 million.

Former Arrowhead Central Credit Union President/CEO Larry Sharp said the NCUA refused four consecutive net worth restoration plans because Arrowhead management was "too optimistic" in its forecasting.