News

CO-OP Shared Branching is trumpeting having added more than 1,000 credit unions to its Next Generation Switch. The shared branching switch that is proprietary to CO-OP allows shared branching participants access to more member data at less expense.

Loans issued by Georgia's credit unions totaled $4.0 billion in 2008, nearly identical to the $4.1 billion distributed in 2007, according to a new report from the Georgia Credit Union Affiliates.

The $1.2 billion Chartway Federal Credit Union has decided to promote its own credit card program while big bank issuers are losing ground.

CUNA's Mike Schenk, vice president, economics and statistics, said he's worried the press and public will misinterpret 1st quarter 2009 credit union financial reports.

It's getting ugly in the Sun Belt, and the NCUA hasn't even finished posting 1st quarter financials to its Web site.

If Space Coast Credit Union and Eastern Financial Florida Credit Union were to merge, there would be approximately $200 million in net worth after writing off all expected losses from Eastern Financial, Space Coast said.