News

United Federal Credit Union of St. Joseph, Mich. has come up with a novel way to reach the Gen Y college crowd: let them "rant, vent and complain" about their experience with banks and soon enough they'll switch to United Federal.

Western Corporate FCU's decision to reclassify its securities available-for-sale is not a signal of a change in strategy, but only an accounting recognition, said John McKechnie, NCUA's Director of Public and Congressional Affairs.

The Kansas Credit Union Association is joining some of its peers this month on a dues reduction to aid members hit by the NCUA assessment.

The negative impact of the economy on its investments caused CUNA to have to write off $8 million last year, the organization reported yesterday.

Given their respective financials, whether a merger of Space Coast Credit Union and Eastern Financial Florida Credit Union would be in the best interests of both fields of membership remains to be seen.

A 100% increase in demand, fueled by California's job losses and foreclosures, was enough to convince Los Angeles-based ByDesign Financial Solutions to merge with Richmond, Va.-based ClearPoint Counseling Solutions.