News

During last week's meeting, the Federal Reserve Board issued a proposal intended to improve the disclosures provided to consumers with credit cards and other revolving credit plans.

Journal Credit Union, based in Milwaukee, announced last week that it would be merging with Summit Credit Union in Madison.

Credit unions in Oregon are following the progress of a number of financial services related bills progressing through the state legislature sponsored by the Oregon Division of Finance and Corporate Securities.

Sunmark Federal Credit Union has recently acquired Colonie-based Hallmark Services, Inc., an independent insurance agency.

NAFCU commended NCUA for looking through its field of membership chartering policy, particularly as it pertains to "local community."

America's Community Bankers fired back after CUNA reported on its memorandum filed in a federal district court in New Jersey aiding Spencer Savings Bank in fending off a hostile takeover to force the mutual to go public.