Credit Union Times | Accurate and Timely CU News

United Local to Remove Board Member

By Staff Writer

FRESNO, Calif. -- Members voted 219 to 29 in favor of removing suspended board member Tom Rotella from the board of the $112 million United Local Credit Union at a special meeting on April 22.

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May 06, 2008

New Mexico Educators FCU Upgrades Its NEC Unified Telecom Tools

ALBUQUERQUE, N.M. -- New Mexico Educators Federal Credit Union is unifying its member and internal communications while extending its quarter-century relationship with its telecommunications equipment provider.

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May 06, 2008

PSCU Distributing Visa IPO Proceeds

ST. PETERSBURG, Fla. -- PSCU Financial Services member credit unions will see a blacker bottom line in May as PSCU passes back all the cash it received from Visa's initial public offering of stock.

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May 06, 2008

COCC, in Pact with Eastern Bank, Creates Network that Touts High Speed and Low Cost

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.

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May 06, 2008

Chris McDonald Named Andrews President/CEO

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

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May 06, 2008

NCUA Sets Guidelines On FCUs and CUSOs

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

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May 06, 2008

Lending Tree Breach Was Inside Job

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.

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May 06, 2008