News

While creating great national unease, the mortgage crisis offers credit unions outstanding opportunities to increase market share as the industry assists beleaguered homeowners, according to a major CU service vendor.

The North Carolina Credit Union Division recently received re-accreditation from NASCUS, the group announced.

The Credit Union Cherry Blossom 10 Mile Run title sponsor, Credit Union Miracle Day, Inc., elected its board of directors and officers at its recent annual meeting.

While CUSO participation is on the rise in the industry, the entities still are not the formidable players some advocates would like to see them be.

CUNA Chief Economist Bill Hampel pointed out that loan growth as of June was the weakest year-to-date it has been in the last five years while savings growth is the strongest in the last four years.

In move that surprised many industry analysts, Bank of America has begun raising the fee for non-depositors to use many of its ATMs.