News

Responding to urgent appeals from a Denver food bank, Colorado credit unions acted quickly to organize a statewide food drive to help stock the shelves.

Eastern Corporate Federal Credit Union's decision to not participate in the NCUA's original Temporary Corporate Credit Union Share Guarantee Program was "extremely difficult," said Jane Melchionda, president/CEO of the $1.27 billion corporate.

NAFCU President Fred Becker today encouraged NCUA to borrow as much as it is allowed to so credit unions can spread out their repayment to the NCUSIF over seven or eight years to pay for the agency's rescue plan for corporate credit unions.

Primary Financial's strategy to cut SimpliCD rates 20 basis points across the board only lasted one week, and didn't contribute to the CUSO's record 2008 revenue, said President & CEO Mark Solomon.

In a political equivalent of Daniel entering the lion's den, President Obama today went before the American Medical Association to tout the virtues of his health care plan.

A new report from the Filene Research Institute studies how credit unions can market savings programs to low- and moderate-income members.