News

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.

Credit unions and industry organizations are lining up to donate to relief efforts in response to the earthquake that devastated Haiti on Tuesday.

An anti-bank ad and Internet campaign started six months ago by the $343 million LA Financial Credit Union of Pasadena, Calif. was getting fresh attention this week resulting from the public furor over big bank practices.