News

In a bank/credit union sale, the $1 billion Royal Credit Union of Eau Claire, Wis. is buying 11 branches from a troubled former thrift, AnchorBank of Madison, Wis.

To help acquiring credit unions with merger decisions, ALM First Financial Advisors LLC has teamed up with several firms to create a new division to assist them.

Pentagon Federal Credit Union President/CEO Frank Pollack told a Senate committee today that his credit union's overdraft protection program is completely opt in, operates as a line of credit and the cost to consumer is fully disclosed.

The head of the Nevada Bankers Association found last Friday's takeover of troubled Ensign Credit Union of Henderson by a Dallas CU "a real question mark as to whether credit unions should be in the business of making commercial loans."

LAS VEGAS -- The California and Nevada Credit Union Leagues found a positive message with which to open the trade associations' annual meeting: what doesn't kill us will only make us stronger.

Clearview Federal CU is generating a little good will with the college crowd this fall distributing free "rally towels" to students or fans showing a ticket stub for an athletic event at nearby Robert Morris University of Pittsburgh.