News

ALEXANDRIA, Va. -- Alliant Credit Union of Chicago, has purchased the assets and assumed all member shares of the recently liquidated Kaiperm FCU of Oakland, CA, the NCUA announced today.

AUGUSTA, Maine -- Executives from the $51 million KV Federal Credit Union and Kennebec Savings Bank have both made statements in the local press to reassure KV FCU members about the possible merger of their two institutions.

KALAMAZOO, Mich. -- Considering hard economic times in Michigan, the head of a Kalamazoo crisis center Monday expressed both "surprise and gratitude" to a group of area credit unions for extending a $2,500 grant to his agency that wound up administering services to CU employees after a spate of robberies.

AUGUSTA, Maine -- Even though the board of the $51 million KV Federal Credit Union will not even meet to vote on whether to move forward with a possible merger with a mutual bank, the CU has already scheduled meetings with members to discuss the idea.

MADISON, Wis. -- Members may be assured to know that by law, their trust assets are maintained separately from the assets of the institutions that manage them.

WASHINGTON -- The House and Senate are scheduled to vote today on the legislation ironed out over the weekend to create a $700 billion fund to buy illiquid assets from financial institutions, including credit unions.