News

SAN FRANCISCO - FASB decision to tweak fair value accounting rules won't affect credit unions much, but it's an important step in the right direction, said Scott Waite, senior vice president and chief financial officer of Patelco Credit Union.

NAPLES, Fla. -- Although many large bank issuers have turned away from the direct mail card offer many have also started offering 0% balance transfer offers on fixed rate cards, according to CardTrak.com (www.cardtrak.com).

TAMPA, Fla. -- Barclays Global Investors iShares has selected MEMBERS Trust Company for inclusion in its inaugural Exchange-Traded Fund Managed Solutions guide, the only credit union-linked entity to make the cut.

WASHINGTON - Sen. Christopher Bond (R-Mo.) a key player on housing issues, said today he will not seek a fifth term when he is up for re-election in 2010.

LIBERTY LAKE, Wash. - CU*NorthWest has upgraded its CU*BASE GOLD core processing solution, the CUSO said.

WASHINGTON - Although Barack Obama has been called president-elect since election night, Congress will officially give him the title today.