News

The recent spate of bank failures seems to be "taken in stride" by the public with no current evidence of CUs gaining substantial new business, the president/CEO of the $7 billion Alliant Credit Union of Chicago said Monday.

When it comes to efforts by banks and credit unions to cross-sell investment and insurance products, their attempts may be coming up short.

The Mid-America Credit Union Association representing North and South Dakota credit unions has suddenly lost its CEO, Tony Richards, who has resigned effective Sept. 7.

Of the more than 3,400 members of Truliant Federal Credit Union recently surveyed about where the economy is headed, half said it has a long way to go to recovery.

Last July's takeover of the $193 million Mutual Savings Credit Union of Birmingham, Ala. was improper and illegal based on faulty data used by the state's top regulator, an attorney representing ousted CEO Dale Dalbey said Friday.

To help remember the Sept. 11, 2001 tragedy, the Pennsylvania Credit Union Association will continue with a statewide effort today to provide free legal and financial help to those struggling in the economic downturn.