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Hobbled by Indirect Loans, Great American CU Opts to Merge with Wescom

By Staff Writer

When the losses started to mount it was inevitable that the management and board of directors at Great American Credit Union here began to consider the merger option. "Our members have been looking for more services than we could deliver, more branches in the northern and southern part of the...

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Washington State Postpones Private Insurance Rulemaking at Request of WCUL

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S&P Expresses Concern Over U.S. Central's Subprime Exposure

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October 30, 2007

U.S. Central's AAA Rating Reaffirmed by S&P; Outlook Goes from 'Stable' to 'Negative'

Standard & Poor's reaffirmed U.S. Central's AAA debt rating, but its outlook changed from stable to negative.

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October 30, 2007

CRI Systems Affiliates, CRI Canada, Canadian Premier Holdings to Acquire Selient Inc.

CRI Systems, Inc. Affiliates, CRI Canada Inc. and Canadian Premier Holdings, Ltd., have signed an agreement to acquire Selient Inc.

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October 30, 2007

NAFCU Applauds Texas Commission Merger Inducement Rule

NAFCU said the Texas Credit Union Commission's recent approval of a rule prohibiting merger inducements is one step in the right direction.

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October 30, 2007

Desert Schools Hits Record $282,000 On United Way Giving

Desert Schools Federal Credit Union is breaking its own record in gift giving to United Way charities with a whopping $282,182, topping last year's contribution commitment by more than 11%.

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October 30, 2007

Oklahoma Bankers Warn of CURIA Misstep

CURIA may not be moving this year, the Oklahoma Bankers Association forecast this week, but that doesn't mean bankers need to let their guard down considering realtors added "a gazillion co-sponsors to a bill" harmful to banks that now looks to pass this year.

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October 30, 2007

L.A. Firefighters CU Forms Charity Foundation

As its members return from the fire lines, the Los Angeles Firemen's Credit Union launched this week what may be a first among its peers, a charity foundation devoted to helping support families "in time of crisis," fund training and provide equipment to needy departments across the state.

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October 29, 2007

FinCEN Finds Fault with Shared Branching SARs

In its latest SAR Activity Review--Trends, Tips, & Issues, the Financial Crimes Enforcement Network found inconsistencies among shared branch suspicious activity report filings.

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Top News Stories

Hobbled by Indirect Loans, Great American CU Opts to Merge with Wescom

Washington State Postpones Private Insurance Rulemaking at Request of WCUL

S&P Expresses Concern Over U.S. Central's Subprime Exposure

Recommended Just For You

News Stories

U.S. Central's AAA Rating Reaffirmed by S&P; Outlook Goes from 'Stable' to 'Negative'

CRI Systems Affiliates, CRI Canada, Canadian Premier Holdings to Acquire Selient Inc.

NAFCU Applauds Texas Commission Merger Inducement Rule

Desert Schools Hits Record $282,000 On United Way Giving

Oklahoma Bankers Warn of CURIA Misstep

L.A. Firefighters CU Forms Charity Foundation

FinCEN Finds Fault with Shared Branching SARs