News

SELCO Community Credit Union has awarded 95 grants of up to $250 each for a total of $23,037 to help teachers supplement funding to K-12 classrooms.

Credit union donations supporting families of the victims of the Nov. 5 shooting at Fort Hood, Tex., have now climbed past $17,000, the Texas Credit Union League reported.

In yet another move to give small businesses more tools to help turn the economy around, Goldman Sachs Group Inc. has launched a $500 million initiative that could include credit unions.

Owners of depleted corporate capital aren't likely to get it back, even if loss estimates that supported the write-downs were too high, according to a statement issued Nov. 16 from NCUA Chairman Debbie Matz.

Though 23% of credit union executives surveyed said their institution experienced an increase in liquidity risk, 59% of respondents don't expect a change during the next year, according to NAFCU's Flash Report.

The South Carolina Credit Union League is downsizing its board next year from 14 to seven and extending director terms to three years.