News

AVON, Conn. -- COCC said a new alliance with Eastern Bank will allow its client banks and credit unions to electronically settle payments more quickly and cheaply.

SUITLAND, Md. -- The $801 million Andrews Federal Credit Union has named Chris McDonald its new president/CEO effective May 12.

WASHINGTON -- Federal credit unions can administer benefits for CUSO employees but can't pay for them, according to an NCUA legal opinion.

CHARLOTTE, N.C. -- Consumers didn't win this time around, as Lending Tree's TV ads proclaim, when banks compete for business because employees funneled leads to lenders who were not approved.

BEDFORD, Ind. -- The $313 million Hoosier Hills Credit Union found that loaning another cooperative money has paid a variety of different dividends.

HACKENSACK, N.J. -- A community organization has been working to establish a new community development credit union in New Jersey. If they succeed, the new CU will be the first in the state in 11 years, according to the New Jersey Credit Union League.