News

MADISON, Wis. -- The myriad of reasons for credit unions wanting to offer member business loans are mainly tied to member demand.

LOMBARD, Ill. -- Raddon Financial Group is inviting half-billion dollar credit unions to Half Moon Bay for a forum on the changing business model for large credit unions.

HENDERSON, N.V. -- When two former bankers approached Ensign Federal Credit Union late last year about forming a business lending CUSO, CEO Diane Whitaker admits she was more than skeptical.

WEST LAFAYETTE, Ind. -- Four years after its creation, Passageways LLC inked its 100th customer this month, the fellow Hoosiers at $748 million Eli Lilly Federal Credit Union in Indianapolis.

DALLAS -- TNB Card Services, the card portfolio arm of credit union-owned Town North Bank, has purchased four more credit union credit card portfolios, pushing the total number of CU card portfolios they own and market in relationship with the credit unions to more than 125.

DENVER -- The planned acquisition of the failed New Horizons Credit Union of Denver by Texas-based Security Service Federal Credit Union gives the San Antonio CU a chance to broaden its Colorado footprint making it one of the largest CUs in the state, officials of Security Service FCU said Monday.