News

In 2007, 1,356 CEOs lost their jobs, an 8.3% decrease from the 1,478 CEOs that left their companies in 2006, according to the new CEO Turnover Report from Challenger Gray & Christmas Inc.

When $3.8 billion Wescom Credit Union reduced staffing by about 10% last month--so soon after news of layoffs at $700 million USA Federal--tongues were wagging about the effect subprime lending might be having on California credit unions.

The end of the year brought a spate of dividend payouts by North Carolina credit unions including two noteworthy givebacks from two small CUs: a 9% rebate on both loans and deposits from the $8 million North State Telco Credit Union of High Point plus a first-time 4% return by...

Southwest Corporate Federal Credit Union said it has passed the 1,000 mark in credit union branches the corporate is serving with remote deposit services.

The credit union-sponsored BizKid$ TV show finally went "live" with no less than 279 stations in 43 states signed up to air the pre-taped financial literacy telecast during its first week of national broadcasts in January.

Eight years ago, Ron Daly committed his future to a new idea and a single client.

Last year proved to be a record setting one for contributions to the Credit Union Legislative Action Council, CUNA's political action committee. According to Richard Gose, CUNA's senior vice president for political affairs, CULAC brought in more than $2 million.

PSCU Financial Services feels so strongly about collaboration within the industry that it has contributed another $50,000 for a total of $100,000 to NACUSO's National Center for Collaboration and Innovation. The center was created in May 2007 to serve as a clearinghouse for collaborative and innovative efforts.