Credit Union Times | Accurate and Timely CU News

On-Site Coverage: 'No Two Conversions Alike,' Says Sebastian

By Jim Rubenstein

The recent history of credit union-to-bank conversions demonstrates no two are alike but credit union industry group National Center for Member Trust stands ready to act, NCMT Chairman Wendell "Bucky" said.

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On-Site Coverage: Maus Stresses 'CU-Centric' CO-OP Financial

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Bank Tax Breaks Grow, GAO Study Finds

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May 31, 2007

OMNI Community CU Merges with Eastern Financial Florida CU

In an ongoing effort to expand its presence in Florida, Eastern Financial Florida Credit Union has merged OMNI Community Credit Union into its fold effective today. Eastern Financial will now serve members in Duval, Clay, St. Johns, and Nassau counties in addition to Miami-Dade, Broward, Palm Beach, Pinellas, and Hillsborough...

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May 31, 2007

NASCUS State Summit Continues to Build Speakers List

NASCUS announced a couple of additions today to the speakers scheduled for its Aug. 9-11 State System Summit in Fort Lauderdale, Fla.

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May 31, 2007

N.Y. State Senator Nixes State FCU Tax Bill

New York Senator Thomas Morahan (R-Westchester/Rockland) has withdrawn his bill to tax federal credit unions in the state.

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May 31, 2007

CUNA Mutual Eliminating 50 Positions, with Potential for 90 More by Year-End

CUNA Mutual announced some restructuring moves yesterday primarily in its claims and customer service areas that will result in 50 layoffs.

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May 31, 2007

Bentley Appeal Could Stall Further Claim Distribution

With more than $32 million still owed to claimants impacted by a Ponzi scheme involving Bentley Financial Services, a last minute appeal by some of the defendants could stall distribution.

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May 31, 2007

On-Site Coverage: CO-OP Nearing Deal with Costco on ATMs

On the verge of finalizing a 51% buyout of Atlanta-based Credit Union Service Corp., CO-OP Financial Services disclosed Wednesday a series of expansion moves including plans for an ATM pact with Costco Wholesale Corp. patterned after its ongoing 7-Eleven hookup.

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May 31, 2007