News

Members of $1.1 billion Truliant Credit Union said they have cut back on eating out, entertainment and vacations as a result of the economic downturn.

Security Service Federal Credit Union in San Antonio is expanding its Colorado footprint this month merging the $13.7 million Aurora Catholic FCU.

SEC Chairman Mary Schapiro recently said of the hundreds of letters she's received since taking the helm in January, those on short selling easily top the list.

The over 2,000 credit unions that have a relationship with Fidelity National Information Services will have the ability to offer their members remittance and wire services through Western Union, according to a partnership the two companies have announced.

Michael Williams, who has been Fannie Mae's chief operating officer and executive vice president since 2005, was named the new president/CEO today.

Two subcommittees of the House Financial Services are likely to hold a hearing next month on the problems facing corporate credit unions and the NCUA's proposal for creating a temporary stabilization fund, several sources told Credit Union Times.