News

The $8.35 billion Members United Corporate Federal Credit Union released its 2008 audited financial statements Dec. 31, along with the good news that auditors McGladrey & Pullen LLP didn't turn up any new losses that had not been recorded in 2009.

The economy may have caused many big banks to have serious problems, but that wasn't the case with the Federal Reserve last year.

CU*Answers said it is discontinuing its direct deposit encoding processing service this spring.

Two credit unions have posted messages on their Web sites alerting members to be wary of a mobile banking application distributed on mobile phone platforms.

The Web-based FoolProof literacy package being promoted by the Credit Union Associations of Colorado/Wyoming is gaining more state leagues as partners and adding sizable numbers of high school students.

Desert Schools Federal Credit Union has signed a partnership with Moorestown, N.J.-based privately held payroll company PayChoice.