News

The $59 million A-K Valley Federal Credit Union, headquartered in Pittsburgh, has announced that it is closing one of its four branches because the branch has been robbed too often.

Delinquencies fell in six of the eight loan categories measured by the American Bankers Association and the composite ratio fell 12 basis points to 3.23% of all accounts, according to data released by the group today.

Financial institutions should make frequent use of stress tests and have well established risk measuring and monitoring systems to guard against the risks caused by rising interest rates.

Financial institutions in North Carolina, including the $18 billion State Employees' Credit Union have been wrestling since roughly mid-December with a novel approach to card skimming.

World Council of Credit Unions is reporting at least one credit union in Malawi was destroyed in December earthquakes that left three dead, more than 80 hospitalized and some 300,000 homeless in the country.

The chairman of American Share Insurance Corp. reaffirmed the viability of the private system, as one "which is already shown to be working well" and yet the heated rhetoric over comparisons with NCUA is getting wearisome.

In another effort to expand its reach within the small business market, Coventry Credit Union has partnered with several groups to offer free consulting and coaching services on Fridays.

The Invest in America program has added two new partners to its list of benefit programs.