News

As a means to help children learn how to save, John Tippets, president/CEO of American Airlines Federal Credit Union, told legislators yesterday that child accounts could be a strong educational tool.

Members United Corporate Federal Credit Union and the Central Credit Union Fund received approval from the Massachusetts Division of Banks to merge.

Ruling on a complaint brought by the state banking department, a state court Tuesday barred Advance America, the nation's largest payday lender, from offering its $500 "Choice Line of Credit" requiring a $149.95 monthly "participation fee" and 5.98% interest rate.

CUNA's lead Democratic lobbyist Dean Sagar will be leaving the organization at month's end.

Andy Napoli has been named CUNA Mutual Group senior vice president of consumer products and head of the company's Consumer Insurance business unit.

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