News

AUGUSTA, Maine -- If members of the $51 million KV Federal Credit Union give up their credit union charter to merge with Kennebec Savings Bank they would move from one credit union surcharge-free ATM network to another to which the bank belongs.

WASHINGTON -- Attendees at next week's NAFCU Congressional Caucus are scheduled to hear from all three NCUA Board members, key subcommittee chairs and representatives of both major party presidential candidates.

MINNEAPOLIS -- It's probably no surprise that many parents are helping their adult children with loans, rent, car payments and utilities long after college graduation, according to a new survey.

WASHINGTON -- The woes of the real estate market took their toll on investment banking giant Lehman Brothers Holdings today when the firm announced it would sell most of its commercial real estate holdings and 31% of its residential holdings.

LAS VEGAS -- TFactor Inc (www.tfactor.com) said it has installed its KnowledgePortal360 solution at $1.8 billion Kern Schools Federal Credit Union in Bakersfield, Calif.

PORT ANGELES, Wash. -- The U.S. Treasury Department's Community Development Financial Institutions Fund's most recent round of awards included money for 12 credit unions, according to an announcement from the fund.

RIVERSIDE, Calif. -- While state legislators continue to squabble about the California budget, Altura Credit Union stands ready to help state workers.

WASHINGTON -- A survey sponsored by collection industry lawyers has suggested that at least part of students heavy debt load arises from their bad credit habits.