News

With an eye on the state's 14.1% unemployment rate, the $1 billion Michigan Schools and Government Credit Union said last week its program to aid adult workers in finding new jobs "has more significance than ever."

The merger trend took center stage last week with a trio of Milwaukee area credit unions, all affected by February's collapse of Central States Mortgage Co., opting to look for merger partners.

There has been a changing of the guard at the National Federation of Community Development Credit Unions.

To help guide credit unions looking to operate as leanly as possible in these challenging economic times, the Credit Union Executives Society has released a series of cost-control manuals.

Federal Reserve Board Chairman Ben Bernanke told the recent Global Financial Literacy Summit meeting in Washington that there needs to be "systemic changes to correct weaknesses that have emerged in the current CDFI model."

Credit cards can be an effective form of advertisement for a credit union. Just think about how many times a day a card is pulled from a wallet and seen by cashiers, friends, family and the next person in line.