News

Nevada's largest credit union, the $883 million Silver State Schools of Las Vegas formally announced over the weekend the departure of President/CEO David Rhamy, who quit effective Friday.

After Michigan regulators closed Citizens State Bank of New Baltimore and named the FDIC receiver, the FDIC set up the Deposit Insurance National Bank of New Baltimore to serve depositors.

FoolProof, the financial literacy advocacy project sponsored by credit unions, has joined nine national consumer organizations in filing a complaint with the Federal Trade Commission against Facebook over privacy rules.

Personal financial management software provider Geezeo has announced that it has formed a Geezeo Product Advisory Committee made up of financial services experts.

Next year is looking even brighter for credit unions if the current trend of financial experts talking them up as an alternative to banks continues.

A comprehensive ATM management package from CO-OP Financial Services and NCR Corp. will debut in early 2010, the big CUSO said.