News

SCHAUMBURG, Ill. -- Members of Motorola Employees Credit Union are probably not too surprised to hear that Motorola Inc. has made the decision to permanently freeze its U.S. defined benefit pension plans.

ATLANTA -- The National Federation of Community Development Credit Unions is cheering NCUA's chartering of a new CDCU in Georgia even as it highlights the growing difficulty facing groups seeking to found new CUs.

ELGIN, Ill. -Lending Solutions Inc. said it has added a new service that adds live call backs to online lending applications.

LANSING, Mich. -- Chrysler Corp. will join General Motors Corp. in the auto financing program of the Michigan Credit Union League and CUNA to provide low-rate car loans and price discounts to members through next June, it was announced last week.

MADISON, Wis. -- First it was Washington, D.C., then Missouri and Oklahoma. Now Wisconsin is getting a Credit Union House in the New Year thanks to a new facility by the Wisconsin Credit Union League.

NORWALK, Conn. -- In the past five months Affinion Security Center has increased its Card Patrol clients by 100%.

JACKSON, Miss. -- A rapidly growing community development credit union has merged with an older mainstream credit union and the CDCU will remain the surviving institution.

WASHINGTON -- There are a number of ways credit unions can provide relief to struggling small businesses and bring in revenue at the same time, the Small Business Administration and CUNA said at a year-end meeting.