News

Lending Solutions Inc. said it has signed up three more credit unions as clients of its member service center in Elgin.

As the baby boomers inch their way into retirement, credit unions are faced with the prospect of the most influential demographic needing retirement products as well as the challenge of how to attract their business.

Jan Harding-Baker has been promoted to executive vice president at Co-operative Payroll Solutions LLC, a payroll and tax processing CUSO.

A milestone nearly five years in the making, MEMBERS Trust Co. is celebrating reaching $500 million in assets under management.

The $900 million NASA Federal Credit Union has discovered, as have other credit unions, ways to improve what had been a moribund credit card program into a higher performing asset.

A few more credit unions successfully stepped up their efforts to expand the average number of the products and services their members use and build their average account balances in 2007, but most did not.