News

The SBA has awarded SouthWest Federal Credit Union its 2009 Blaine Andrus Memorial award for the $147 million cooperative's dedication to Utah's small businesses.

Credit union members including those with business accounts recently helped Eastern Corporate Federal Credit Union's remote deposit capture service DeposZip surpass $315 million.

Credit unions had $237 billion in outstanding consumer credit in November, down from the revised figure of $240.6 billion in October, according to data released by the Federal Reserve.

The $73 million Self Help Federal Credit Union, the California based credit union that is an affiliate of the $350 million Self Help Credit Union in North Carolina, grew even larger after taking over another California credit union at the behest of NCUA.

With all that national attention on card rates and fees, New Jersey's largest credit union, the $1.9 billion Affinity, is finding a variable low rate, 8.6%, and a stepped up promotion the right elixir toward building card volume in the New Year.

The NCUA's proposed rules on corporate credit unions and field of membership will be the main subjects at the agency's Jan. 22 Town Hall meeting in Dallas.