News

Bob Miles, PSCU Financial Services' former director of security, is now chief security officer with the new Financial Services Division of Cyber Operations LLC, an Alabama-based IT security firm with operations in St. Petersburg and Orlando, Fla.

Around 26 credit unions have applied for funds under the Treasury Department's Community Development Capital Initiative, according to NCUA officials participating in a Web event about the program today.

The planned $4.6 billion, mega-merger of First Tech Credit Union and Addison Avenue FCU points to new industry thinking on future combinations of equals, according to Callahan & Associates.

Consumer prices didn't move last month, the Labor Department reported today.

The troubled $851 million Arrowhead Credit Union of San Bernardino, Calif. is selling off five of its branches to the $3.9 billion Alaska USA FCU, it was announced Thursday.

The $1.4 billion Summit Credit Union is one of the sponsors of an upcoming forum that will explore why consumers makes choices they later regret and put their families at financial risk.

Two state leagues, Texas and California, have taken to a little Capitol Hill bank bashing this week over business lending in anticipation of stepped up American Bankers Association opposition to pending CUNA bills.

The NCUA Board unanimously sent out proposed regulations for a 60-day comment period at today's meeting.