News

The $1.9 billion Corporate America Credit Union has raised nearly $27 million in additional capital from members as the result of a PIC III subscription. Of that, $20.4 was raised as of March 31, with an additional $6.56 million arriving in April.

Virginia Attorney General Bill Mims has made $50,000 in grant money available to nonprofit counseling agencies aimed at helping families facing foreclosure.

Convicted Ponzi schemer Bernard Madoff today was sentenced to spend 150 years in federal prison.

The work ethic at $708 million Goldenwest Credit Union of Ogden, Utah has come in for high honors this month from a state agency, a development underscoring the CU's emphasis on holding the line on staff cutbacks.

Culminating a four-month search, the newly-formed League of Southeastern Credit Unions said it has named Patrick La Pine, head of association services for the Michigan Credit Union League, as its new president/CEO.

For its benefit programs and high morale marks from employees, credit union-owned CUSO Financial Services LP was recently named one of San Diego's best places to work.