News

Jefferson County Teachers' Credit Union will be converting to an in-house core processing system from XP Systems.

Philadelphia Federal Credit Union loves a parade. For the second consecutive year, PFCU has sponsored the City of Philadelphia's St. Patrick's Day Parade.

The Iowa Credit Union Foundation has received a $10,000 grant from Prairie Meadows Racetrack and Casino through its 2007 Community Betterment Grant Program.

Recognizing its investment program, the Bank Insurance & Securities Association has awarded PSECU its Award of Excellence for Program of the Year among community-based financial institutions, making it only the third credit union in the award's seven-year history to receive the recognition.

Utah credit unions at last will be getting relief in making business loans following passage of a compromise bill hammered out between the Utah League of Credit Unions and the Utah Bankers Association and now ready for the signature of Governor John Huntsman, Jr.

In a ramped up anti-credit union attack by bankers on Community Reinvestment Act compliance, the Wisconsin Bankers Association said last week it has introduced a bill in the state legislature aimed at the "large, nontraditional Wisconsin credit unions" that need to document serving low income and minorities.