News

The hard times in Nevada continued this week to take a financial toll on the state's credit unions with more layoffs and one CU, Cumorah of Las Vegas, reportedly shutting four of its eight branches and slicing its employment rolls nearly in half.

PRIMEVEST Financial Services and Pen Air Federal Credit Union have signed a three-year brokerage services contract.

Wings Financial Credit Union has created a new position, manager of business development, to help increase its membership base throughout the northeastern region of the country.

CUNA Chief Economist Bill Hampel said he's not surprised so many large credit unions have told the Credit Union Times they're not interested in recapitalizing the corporate network.

Attendees at NAFCU's Congressional Caucus will hear about ways to deal with stress. Not their own, however, but their credit union's.

Relying on second quarter call reports, the Michigan Credit Union League claimed Invest in America has given "a very real and record breaking" boost to the auto business.