News

The U.S. Central-Wescorp crisis that consumed credit union management last week turned into almost a nonevent in the public forum.

A.M. Best, a full-service credit rating organization for the financial service industries, gave CUNA Mutual Group a financial strength rating of A (excellent).

With the adoption of new regulations, a $1.6 billion Grand Rapids, Mich., credit union could soon buy an ailing bank.

For the first time in years, surcharge-free ATM access will contract.

The $2.4 billion Redstone Federal Credit Union has hired John Cook, a former Wachovia Bank senior vice president, to help oversee the financial institution's business retail department.

Instead of being nickel and dimed by the banks, the folks at Lan-Con Electric Inc. get a little something back every month from the northeast Indiana credit union where they now do their commercial banking.