News

The $1.45 billion North Island Financial Credit Union of San Diego, one of California's troubled CUs, announced Thursday it has hired veteran and retired CEO John Tippets, former head of American Airlines FCU in Dallas as its new CEO.

Investment advisers at credit unions and CUSOs are familiar with the litany of visits, e-mails and calls from providers, but those frequent contacts may not yield long-term relationships.

A media tit-for-tat is surfacing in Wisconsin this month over whether it's credit unions or banks serving up small business loans in a tough economic environment.

A survey of consumers who visited its Web site indicated that many intend to put less on credit cards for holiday celebrations this year, according to the National Federation of Credit Counselors.

The federal court verdict in favor of Community First Credit Union on UBIT represents substantial authority that credit life and disability insurance are exempt from the tax, according to an advisory opinion by attorneys for the UBIT Steering Committee.

A North Carolina credit union, the $238 million Piedmont Advantage, is enjoying a surge in new card business this fall as a result of a 6.9% fixed rate, no annual fee Visa card with account openings now topping 700.