News

Thanks to a fifth payroll on Friday in December, credit union money market accounts contributed 41% to all deposit gains for 2009 followed by regular shares and share drafts.

Western Corporate Federal Credit Union Vice President of Economic and Market Research Dwight Johnston today called the Obama Administration's prediction of an average net increase of 95,000 jobs per month "somewhat disingenuous."

Credit unions will have to find another place to invest up to $1 billion worth of agency mortgage backed securities, according to an industry expert.

Fifteen credit unions in the past quarter have signed with Lending Solutions Inc. as users of its lending and member service contact center, the company said.

Jillian M. Pevo, a former staff member for a senior member of the House Appropriations Committee, has been named NAFCU's associate director of legislative affairs.

Elizabeth Whitehead, the NCUA's associate regional director of programs in Region I, was named by the board to be the Director of Region V.

Bucks First Federal Credit Union hit the Web last week with an Internet commercial using humor to spread the word about local businesses.

For the third straight day, the snowstorm and blizzard conditions across a broad swath of the Mid-Atlantic and lower New England regions kept credit unions closed once again.