News

Two Niagara Falls-area credit unions have been cited by regulators for operating "in an unauthorized and unsafe and unsound manner" for lack of controls in their lending, compliance, and accounting operations according to a story in The Buffalo News.

Both California and Nevada credit unions posted much lower gains in nearly every financial category in 2006; however, the cooperatives still achieved moderate growth, despite the region's struggling real estate market.

The Wisconsin Credit Union League has now added its weight to the growing trend of countering foreclosures and predatory mortgages with the credit union common sense approach to real estate lending.

Jack Henry & Associates has reached the sweet 16 with the acquisition of Atlanta-based Gladiator Technology Services Inc.

Charlotte Ayers, president/CEO of Georgia Telco Credit Union, has been selected to serve as chairman of the board of CU Images, LLC.

For its service-oriented culture and efforts to recognize employees for good work, Orange County Teachers Federal Credit Union was recently named one of the 50 Best Small & Medium Companies to Work for in America.