News

Increased consumer confidence in the economy, combined with a first-time homeowners' tax credit caused an 8.2% increase in pending home sales, according to data released today by the National Association of Realtors.

Bellco Credit Union doesn't have to pay unrelated business income tax on its income from credit insurance or on royalties from accidental death and dismemberment insurance.

CUNA announced today it is forming a 12-member "Next Steps Corporate Credit Union Working Group" it hopes will provide an organizational framework so credit unions can maintain access to traditional corporate services at a reasonable cost.

Pending regulatory approval, the $276 million Berrien Teachers' Credit Union of St. Joseph, Mich. and the $2 million Otsego Paperworkers CU also in Michigan will merge in late April or May.

Western Corporate Federal Credit Union President/CEO Phillip Perkins announced a number of staffing changes at the troubled corporate.

The $3 billion Desert Schools Federal Credit Union has offered $10,000 for tips leading to the arrest of a robber who entered the credit union on crutches and wrapped in bandages.