News

Unlike some lenders including banks, credit unions have the distinction of being able to spot financial pitfalls most likely sooner than members can, Rep. Elijah Cummings (D-Md.) told attendees yesterday evening at the African-American Credit Union Coalition's annual meeting here.

When it comes to penetrating the African-American population and meeting their financial needs, credit unions in Maryland and the District of Columbia are going above and beyond.

Candidates and incumbents vying for seats on the African-American Credit Union Coalition's board are in the midst of heavy campaigning during the group's annual meeting here.

MURRIETA, Calif. -- CUTEK has hired a 21-year veteran of Symitar as the consultancy's new sales and marketing director.

Determined to address local alarm over the fate of housing and subprime mortgages, the $803 million Royal Credit Union said today that it is planning to roll out a consumer hotline next month "to help us at least determine what the situation is."

NAFCU President/CEO Fred Becker decided that writing the Treasury Secretary and the IRS Commissioner was not enough and has taken his arguments in favor of the tax-exemption all the way to the White House.

Ryan Donovan, a former congressional chief of staff and current credit union lobbyist, will become CUNA's vice president of federal legislative affairs effective Sept. 4.

LAS VEGAS -- In a panel presentation at the opening session of the National Directors Convention here this week, Continental FCU CEO Tom Glatt thanked the industry again for coming to his support with cards, letters and e-mails to eventually turn back the Wings Financial Federal Credit Union merger rejected...