News

Pointing to NCUA handicaps, the $565 million Indiana University Employees Federal Credit Union is about to switch to a state charter at yearend.

The $400 million Paragon Federal Credit Union is now a firm believer in employee incentives using the team approach combining cash and peer pressure and the proof is a $5.4 million gain in new business.

In closed session Oct. 25, NCUA declined to approve a merger proposal between VolCorp and WesCorp.

In what it describes as a "dramatic success story" of combating counterfeit check and plastic fraud, the North Carolina Credit Union League went public last week with formation of a new CUSO that reportedly is saving bundles for CUs in North and South Carolina.

After the successful Triad launch last year of "Operation CU Troop", Carolina Postal Credit Union has expanded its program to the greater Charlotte, High Point, Winston-Salem and Greensboro areas for 2007.

Corporate One Federal Credit Union has taken its passion for enterprise wide risk management to the next logical level.