News

If you're willing to be inconvenienced a little bit, Kathleen Litman says nearly any credit union can afford to produce a high-quality, professional television commercial.

Wescom Credit Union recouped its nearly $1 million investment in ACC Consumer Finance LLC when the company was acquired by CompuCredit at the end of 2006, said Jane Wood, executive vice president, but it has kept the ACC-generated portfolio of subprime auto loans.

Members of the credit union community, while standing up for the tax-exemption, do not feel that danger is imminent even after the Treasury Department--which includes the IRS--has made its third mark against the credit union tax-exemption this year.

Another credit union based organization had entered the market for credit union credit card portfolios.

In its recently submitted comment letter, NAFCU rallied around the importance of federal deposit insurance and urged Washington State regulators to reject private primary deposit insurance.

LENEXA, Kan. -- Credit union clients of Corporate Network eCom (www.memberstreet.com) will soon be processing billpay on Metavante software.