News

A holding company for OmniAmerican Bank, formerly OmniAmerican Credit Union, started trading stock on the NASDAQ stock exchange this morning after members of the federally chartered thrift voted to approve a conversion to a stock issuing bank.

A credit union, any credit union, tops the nation's big banks in meeting the needs and expectations of consumers, according to a leading think firm.

Recognizing their performance and contributions to the financial services industry, CUNA Brokerage Services Inc. recently honored 20 financial advisers with its Women of Distinction award.

Despite banker opposition, Washington State credit unions are encouraged legislation allowing deposits of public funds in CUs could be enacted this session following support from a key lawmaker, the Washington Credit Union League said Thursday.

The Federal Reserve announced today that it has hired an outside consultant to study trends in checking and electronic payments.

As long as members continue to be uneasy about their financial and unemployment statuses, credit unions may continue to see a raise in their savings portfolios.

PSCU Financial Services is crediting bad weather, convenience and ease of budgeting as reasons its gift and reloadable cards had a much stronger year in 2000 than they had in 2009.

As senators prepare a jobs-creation package that CUNA and NAFCU hope will include an increase in the MBL cap, the trades yesterday wrote letters reiterating their support for the measure.