News

The $13.5 billion Pentagon Federal Credit has announced that it is the only credit union in the country, at least for now, to issue American Express cards.

Pentagon Federal Credit Union President/CEO Frank Pollack is scheduled to be one of five witnesses to testify at Tuesday's Senate Banking Committee hearing on legislation to restrict overdraft fees.

CUcorp has announced that the Invest in America program has expanded to offer credit union members discounts from FTD and CU Benefits Express.

Dallas-based EDS Credit Union said its Friday purchase/assumption of the long-troubled $98 million Ensign FCU of Henderson, Nev. fits well into its long-term branding strategy.

The Association of Corporate Credit Unions asked the NCUA to reconsider its position on corporate capital write downs during a special Nov. 5 meeting that was closed to the press.

The impact of the recession on Nevada's already battered economy was again evident on Friday when the NCUA closed Ensign Federal Credit Union and authorized EDS Credit Union to buy its shares and assets.