News

GRAND RAPIDS, Mich. - CU*Answers said it has returned $400,000 to its approximately 70 credit union owners in patronage dividends for 2008.

AUGUSTA, Maine -- Kennebec Savings Bank, the state chartered thrift which proposed to merge with KV Federal Credit Union has only recently applied for its own federal charter, according to the Office of Thrift Supervision.

AUGUSTA, Maine -- Members of the $51 million KV Federal Credit Union opposed to KV's proposed charter change and merger with a local savings bank will approach the credit union tomorrow with a petition to see board minutes leading up to the conversion.

Police credit unions across the U.S. were joining their "brotherhood" membership in mourning the death of three Pittsburgh officers with at least one memorial fund opened today by the $45 million Greater Pittsburgh Police CU.

Members of Servus Credit Union are angry that its CEO, Steve Blakely, has received a $3.6 million bonus

Top management of credit unions must now be aware "they are no different from any other industries sharing the economic pain" and look toward possible compensation reductions, a California salary consultant warned Thursday.