News

The State of California has closed Watts United Credit Union in Los Angeles.

It may be hard to forecast how much revenue can be generated from a credit union's investment program but that first meeting the member has with an adviser may lay some groundwork.

Two credit union president/CEOs are scheduled to testify at a Senate hearing on Wednesday discussing the impact of the nation's economic woes on financial institutions in rural communities.

The $38 million Technicolor Federal Credit Union was closed June 30 to investigate "employees who overstepped their bounds," but CEO Eric Dosch said the investigation is internal, and the NCUA is not involved.

A revamped Greylock Federal Credit Union Web site, www.greylock.org, puts financial education front and center.

Stuart Perlitsh, CEO of the $333 million Glendale Area Schools Federal Credit Union, confirmed that he provided two employees to Technicolor Federal Credit Union.