News

Garry Parks, the president/CEO of the South Carolina Credit Union League, the last five years, is retiring at year-end with a search committee being formed to recruit his replacement, it was disclosed this week.

President Obama today promised to speed up spending of funds allocated by the stimulus bill to create as many as 600,000 new jobs by this summer.

On June 2, Credit Union Times reported that the Table Rock Credit Union faced the possible loss of its building due to a problem with upgrading a water treatment system serving the strip mall where it is located.

A new group devoted to fair mortgage lending practices is launching an initiative that includes some major credit union players.

The $4 billion Kinecta Federal Credit Union has promoted Sam Oriel to vice president of Nix Check Cashing, Kinecta Alternative Financial Solutions.

In yet another sign the U.S. economy might be thawing out a bit, consumers told Discover Financial Services in May that they were a bit more confident about the economy and would spend a little more money.