News

Examiners need to strike a balance between ensuring the safety and soundness of low income and community development credit unions and taking into account the special mission of those institutions.

Consumer prices increased 0.1% last month, the Labor Department reported today.

Cooperative Services Inc. said it capped off 2009 on a positive note by paying its credit union owners a $300,000 patronage refund.

Otis Federal Credit Union, a $112 million institution in Jay, Maine, is now running the Symitar Episys core processing system through the data center at Synergent Technology Services in Westbrook, Maine.

Donations to the National Credit Union Foundation's CUAid Disaster Relief effort that benefits Haitian earthquake victims total $98,736 as of 2 pm Eastern Time, said Jill Stevenson, communications and marketing coordinator for the NCUF.

Chartway Federal Credit Union in Virginia vowed to "move forward" in soliciting more troubled CUs for mergers as it also defended its Jan. 1 NCUA takeover of a Utah CU as an opportunity to "save the culture" and protect identities.