News

Loan demand declined in most categories during the first quarter of 2010 and this added to the difficulties facing many federally insured credit unions, the NCUA reported today.

The industry's fervent interchange blitz to kill the Durbin amendment continued to build momentum Wednesday with CUNA projecting its membership will have conducted 100,000 electronic and verbal contacts with lawmakers by day's end.

The $80 million Shreveport Federal Credit Union and the National Federation of Community Development Credit Unions said the credit union is apparently close to winning NCUA approval to merge the $5 million First Delta FCU of Marks, Miss.

Latino Community Credit Union has been singled out by the Southern Growth Policies Board as the 2010 Innovator Award winner.

The boards of the $3.5 billion Kinecta FCU and $1.2 billion NuVision FCU have announced their intent to merge into an institution that will serve 300,000 members in two Southern California counties.

Harland Financial Solutions is now offering formalized data conversion merger services to credit unions running on its UltraData core platform.