News

World Council of Credit Unions board director Anne Cochran has been named treasurer of the group, replacing Mark Bailey.

Two of the top executives at Nevada's struggling Silver State Schools Credit Union have apparently lost their jobs, it was disclosed last week.

Triton of Delaware, an ATM manufacturer that makes its machines in the U.S. and was formerly a division of the Dover Corp., has been sold to private investors, the company confirmed.

The World Council of Credit Unions' Board has unanimously voted to award Poland's Lech Kaczynski the 2010 Distinguished Service Award. The former president died with 95 other government officials and their spouses in an airplane crash April 10.

The $934 million Elevations Credit Union of Boulder. Colo., is expanding its reach across the state's Front Range by making plans to merge with the $20 million Longs Peak Credit Union of Loveland.

Credit unions received a reprieve on data-reporting requirements but were still waiting on amendments on interchange fees and the agency to regulate consumer financial products as the Senate began to discuss the financial overhaul bill.