News

LIVONIA, Mich. -- On the drawing boards since last year, two Detroit area credit unions, the $191 million Community Choice of Livonia and the $225 million Research Federal of Warren, are slated to complete a merger and a computer conversion this weekend.

Power Financial Credit Union is giving back to members in a big innovative way.

Congressman Luis Gutierrez (D-N.Y.), chairman of the Subcommittee on Domestic and International Monetary Policy, Trade and Technology, and Financial Services Committee Chairman Barney Frank (D-Mass.) have introduced legislation to look at making minting of coins less expensive.

In light of a court ruling in favor of consumers victimized by predatory payday lenders in the state, Pennsylvania State Treasurer Robin L. Wiessmann highlighted the Pennsylvania Credit Union Association's Better Choice payday lending alternative.

AmeriChoice Federal Credit Union has taken its focus of Building Relationships for Life to help serve the underserved.

The $330 million Island Federal Credit Union, headquartered in Hauppauge, New York, has sold its credit card portfolio to TNB Card Services, the card portfolio servicing and purchasing arm of credit union owned Town North Bank.