News

The privately insured Silver State Schools Credit Union of Las Vegas, on an urgent campaign to restore its balance sheet following a $22 million capital infusion and a $51 million net loss in 2009, sought last week to reassure its members.

The $851 million Arrowhead Credit Union has sold it insurance subsidiary, Sawyer Cook Insurance, several publications recently reported.

One of the more than 30 credit unions that have converted to or merged with mutual banks became the 209th bank to fail since 2000 and the 22nd to fail this year

Fiserv Inc. said about 10% of its client base has signed up for what the company is calling its new "thought leadership community."

Standard & Poor's Rating Services announced that it has lowered the corporate credit rating on Fiserv Inc. to BBB- from BBB.

The race is on to find the 'biggest loser' at CU*Answers.