News

Credit unions in Texas border towns were going to extra lengths Thursday with distribution of hand sanitizers, disinfectant wipes and cans of Lysol to even take home to protect employees against coming down with the swine flu.

South Carolina credit unions, led by the $128 million Carolina Trust Federal Credit Union, showed the way this week in coming to the aid of displaced families from wildfires that destroyed 70 homes and damaged 80 more a week ago in North Myrtle Beach.

Credit unions won a victory today when the Senate defeated a measure that would have allowed bankruptcy judges to rewrite the terms of mortgages.

After the announcement that Chrysler will file for bankruptcy and has entered into an agreement with Fiat, CUcorp CEO David Adams said these events make credit unions even more important to automakers and consumers.

A new research report on developing credit union collaboration found that many credit union executives did not consider credit union leagues or associations as good potential partners in such efforts.

Economic hits and likely regulatory changes have made developing back office collaboration essential if credit unions are to survive, according to a new report from the Filene Research Institute.