News

The $1.5 billion Arizona Federal Credit Union is taking another step toward retrenchment next year by closing eight Phoenix area branches, including in-store branches located in Wal-Mart facilities.

The $560 million Credit Union of Southern California, Whittier, one of the state's more profitable CUs, is completing a merger this month with the nearby $70 million WestWorks CU.

There is an explanation for Fitch Ratings' recent negative outlook rating of two of CUNA Mutual Group Inc.'s subsidiaries and then its withdrawal of that rating, the Madison, Wis.-based company said.

WASHINGTON -- Rep. Paul Kanjorski (D-Pa.) said last night there is "at least a 50-50 chance" that his proposal to raise the cap on member business lending will be included in the jobs bill that is being worked on by House leaders.

Call it a hard candy holiday season, but this year almost half of consumers surveyed plan to use any cash they are given as holiday gifts to help meet expenses like groceries,

The Iowa Credit Union League has given up on its Federal Reserve bid to buy an Arizona bank and convert it to a wholesale correspondent vehicle.