News

With a Phoenix credit union now officially under its belt, southern Arizona's largest credit union, Vantage West of Tucson remains on the lookout for more merger prospects under NCUA bidding procedures.

No foolin', FoolProof, the financial literacy package of the Credit Union Associations of Colorado/Wyoming, used April 1 to do more self promotion as it officially expanded on to daily programming of AOL and FoxNews.

The $380 million Connex Credit Union of North Haven, Conn., said Thursday it has now merged St. Boniface CU of New Haven in a deal made effective today.

NCUA Director of Public and Congressional Affairs John McKechnie said the regulator is sensitive to how NCUSIF deposit premiums and special assessments could "exacerbate adverse trends" for credit unions.

Sen. Bob Corker, a key Republican negotiator on regulatory restructuring, said he wants to be sure that the proposed entity to regulate consumer financial products will take a balanced approach.

Kevin Curley, the former president/CEO of Texans CUSO Insurance Group, said he feels vindicated following a Texas bankruptcy court ruling in March that said he was entitled to $21 million in a wrongful termination case.