News

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.

Fiserv Inc. said today it is launching a new person-to-person service that will allow users to send payment to anyone with an e-mail address or mobile phone number.

The California/Nevada Credit Union League formally picked a seven-member search committee Monday to recruit a replacement for CEO Bill Cheney, also selecting O'Rourke and Associates of San Francisco as its search firm.

Former NCUA Board Member Geoff Bacino urged credit union officials and members to back Senate Majority Leader Harry Reid (D-Nev.) in what is expected to be a difficult re-election race this year.