News

MADISON, Wis. -- The 1.6 million year-to-date credit union membership gain, including an estimated 236,000 new members in June, has surpassed all of 2007's numbers by half a million.

NORTH HIGHLANDS, Calif. -- SAFE Credit Union has no problem gaining new members and keeping its existing members happy.

WASHINGTON -- The financial health of credit unions and NCUSIF could be threatened by easing restrictions on member business loans, the American Bankers Association told the NCUA last week.

ATLANTA -- Gradually, the number of credit unions that participate in shared branching has been growing. With that growth, the shared branch networks, through the Credit Union Service Centers Network Inc., have taken steps to formalize and standardize the way shared branching CUs report transactions subject to the Bank Secrecy...

LENEXA, Kan. -- Corporate credit union representatives agree that the Aug. 11 front-page article in The Wall Street Journal ("Mortgage-Market Trouble Reaches Big Credit Unions") is accurate and correctly portrays corporates as the most conservative, risk-averse institutions in the country.

WHITE PLAINS, N.Y. -- Pentegra Retirement Services, a provider of retirement products and services and a NAFCU preferred provider, has acquired three subsidiaries from the Retirement System Group Inc.