News

The $184 million Beehive Credit Union has sold its $9 million credit card portfolio to TMG Financial Services.

OmniAmerican Bank, the former OmniAmerican Credit Union, has announced that it will make an initial public offering of stock in the fall, according to local media reports.

Mobile banking members of Delta Community Credit Union will be able to choose from a triple play of mobile access methods with their credit union's new service from Fiserv Inc.

At year-end 2008, credit unions reported $1.12 billion in investments in CUSOs and 27.8% now participate in at least one CUSO, according to Callahan & Associates.

CUNA is eliminating the jobs of 18 people in its Madison, Wis. office as part of previously announced cost-cutting program, the association announced today.

North Florida credit unions helped the U.S. Secret Service and police in Jacksonville crack down on an ATM fraud that caused $300,000 in CU losses over 18 months.