News

Savings growth continues to shatter records for credit unions with much of the activity coming from regular shares not money market accounts and certificates of deposit.

WASHINGTON - While the details need to be worked out, Congress is likely to approve President Obama's plan to create a new agency to regulate consumer financial products, Rep. Paul Kanjorski (D-Pa.) said today at NAFCU's Congressional Caucus.

Total loans at credit unions are up 1% year to date, mirroring the same pace for member business loans.

With all the ballots cast, the members of the $54 million KV Federal Credit Union await the count to see if they have decided to end their credit union's independent existence.

Eastern Financial Florida Credit Union, a division of Space Coast Credit Union, has closed an underutilized branch, will be moving another and will be cutting Saturday hours at four others.

Reflective of the push to cut conference and travel expense, three East Coast leagues disclosed that they are considering a joint annual conference in 2011 shedding stand-alone conventions.