News

The string of credit union CEOs who lose their jobs after they lead their institutions to change to bank charters continues.

Card Services For Credit Unions, the association of credit unions that process card transactions with FIS, announced today that it will take on a much bigger future role in dealing with both credit unions and the card processor.

Having a positive attitude and taking advantage of technological advances will help credit unions grow and play a strong part in creating a long period of prosperity, said CUNA President/CEO Dan Mica.

Whitefish Credit Union Association in Montana will become the 51st billion-collar credit union to run on the Symitar Episys platform when it completes its planned conversion, the company and credit union said.

Senate Banking Committee Chairman Christopher Dodd (D-Conn.) today asked NCUA Chairman Debbie Matz and other regulators for an update on their effort to stabilize the commercial real estate market.

The $25 million dollar Lower East Side People's Federal Credit Union, headquartered in Manhattan, has doubled the number of new accounts it is opening, partly in response to the Huffington Post's high profile effort called Move Your Money.

WASHINGTON -- Credit unions should aim to serve 100 million members by 2015 but should grow cautiously and with attention to safety and soundness, NCUA Board Chairman Debbie Matz told attendees at CUNA's Governmental Affairs Conference.

The U.S. Treasury Department is not the only organization providing a conference call for community development credit unions to get more information about how they can apply for low interest Federal loans under the Troubled Asset Relief Program.