News

The Washington Credit Union League and five credit unions that had requested the state Division of Credit Unions to look at allowing private primary deposit insurance have asked the regulator to put the plan on hold temporarily, regulatory Linda Jekel said today.

Marking what it believes is a credit union first using interactive TV, the $150 million Charlotte Metro Credit Union disclosed today it has been testing a 30-second interactive ad on Time Warner Cable stations in which viewers hit a special remote to view a longer Charlotte Metro commercial.

The president/CEO of the $143 million Superior Choice Credit Union, targeted by Wisconsin bankers last week for its Norlarco participation loans, said today the CU's "strong, well capitalized position" speaks for itself with no need to get into any verbal fisticuffs to counter a media blast.

NCUA announced today that it has chartered Beulah Federal Credit Union in New York.

NCUA Vice Chairman Rodney Hood lauded the first credit union partnership with Operation HOPE, a national organization promoting financial literacy.

Representatives from credit unions were among the attendees at a seminar today by the Department of Labor on how employers can better understand and comply with rules and regulations governing employer-sponsored 401(k) plans.