News

WASHINGTON -- CUNA's latest "Mica Minute" posted on You Tube capitalized on the recent release of the Government Accountability Office study on banks' tax savings and income versus credit unions.

OmniAmerican Bank, formerly OmniAmerican Credit Union, has a new CEO, according to the Fort Worth Star-Telegram. The former credit union CEO turned banker, Larry Duckworth, died unexpectedly on Feb. 8.

Prudential Financial announced June 6 that it will be closing its equity research and trading business Prudential Equity Group.

The top credit union runners from the 2007 Credit Union Cherry Blossom 10-Mile Run received their honors at an awards luncheon at the World Bank hosted by Bank-Fund Staff Federal Credit Union May 30.

Prime Alliance Loan Servicing has been named Fannie Mae's preferred agent for private label subservicing of credit union mortgage loans.

The office of Washington State Attorney General Rob McKenna announced a multi-state settlement with ChoicePoint.