News

As many financial institutions have stepped away from lending, First Credit Union is letting potential borrowers know that there is an alternative with its $50 million loan-a-thon.

Long-time credit union and development organizer Carol Schillios recently raised roughly $92,000 for her work in Africa- by spending 113 nights on the roof of a building in Edmonds, Wash., according to The Seattle Times.

Seven mid-sized credit unions filed a negligence and breach of fiduciary duty suit in Los Angeles County Superior Court against officers and directors of failed $18 billion Western Corporate Federal Credit Union.

To help credit unions remarket their repossessed assets, auto lending CUSO CUDL and GE Capital Fleet Services have inked a deal to make it happen.

It pays to do give back. For the past 100 days Co-op Services Credit Union has been sparking the giving spirit in Southeast Michigan.

The $98 million Greater New Orleans Federal Credit Union has announced the roll out of a program designed to help members avoid having to use payday lenders.

SELCO Community Credit Union has awarded 95 grants of up to $250 each for a total of $23,037 to help teachers supplement funding to K-12 classrooms.

Credit union donations supporting families of the victims of the Nov. 5 shooting at Fort Hood, Tex., have now climbed past $17,000, the Texas Credit Union League reported.