News

Once majority-owned by CUNA Mutual Group, the acquisition of CUMIS Group Ltd. was completed on Dec. 31, the company's buyers Canada-based Central 1 Credit Union and Co-Operators Life Insurance Co. said.

The latest, shiniest innovation can be all the rage among credit unions, but the proof ultimately lies in actual member usage.

In North Carolina last week, the emphasis on "jobs, jobs, jobs," grew more intense as credit unions and small business owners came together to express their urgency.

The $73 million Self Help Federal Credit Union, the California-based credit union that is an affiliate of the $350 million Self Help Credit Union in North Carolina has gotten a bit bigger.

Housing starts declined by 4% last month, a setback following the 8.9% increase in November, according to according to a report issued today by the Commerce Department and the Department of Housing and Urban Development.

Credit unions that help their members prepare and file their tax returns and then deposit their refunds in credit union accounts, are helping the members avoid losing millions of dollars in so called refund anticipation loans.

TMG, a financial services CUSO owned by the Iowa Credit Union League, gave its prepaid cards packaging for the holidays that included disclosures about the card's fee structure and schedule.

In a victory for the GOP, Massachusetts State Sen. Scott Brown beat CUNA-backed Democratic nominee Attorney General Martha Coakley in yesterday's special election for the seat held for almost 47 years by U.S. Sen. Edward M. Kennedy, who died last August.