News

The U.S. Central-Wescorp crisis that consumed credit union management last week turned into almost a nonevent in the public forum.

A.M. Best, a full-service credit rating organization for the financial service industries, gave CUNA Mutual Group a financial strength rating of A (excellent).

With the adoption of new regulations, a $1.6 billion Grand Rapids, Mich., credit union could soon buy an ailing bank.

For the first time in years, surcharge-free ATM access will contract.

The $2.4 billion Redstone Federal Credit Union has hired John Cook, a former Wachovia Bank senior vice president, to help oversee the financial institution's business retail department.

Instead of being nickel and dimed by the banks, the folks at Lan-Con Electric Inc. get a little something back every month from the northeast Indiana credit union where they now do their commercial banking.

The inability of the card industry's data security standards, on their own, to protect cardholder data has drawn fire from federal legislators impatient with the number and frequency of high profile card data security breaches.

The $7 billion The Golden 1 Credit Union has purchased a $500 million private placement, short-term revenue anticipation note issued by the State of California.