News

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...

The Washington Credit Union League and the five credit unions that had requested the state Division of Credit Unions consider permitting private primary deposit insurance have now asked for a stay.

In its statement on reaffirming U.S. Central's AAA rating, but changing its outlook from stable to negative, Standard & Poor's pointed to U.S. Central's subprime and other mortgage related securities as a reason for concern.

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

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

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