News

Charting a new "retail" approach as part of its branching strategy, AllSouth Federal Credit Union formally opens its first Wal-Mart branch Wednesday and has made plans for three more in-store facilities during 2007.

NCUA Vice Chairman Rodney Hood vigorously backed the credit union tax-exemption during an address at Municipal Credit Union's 90th Annual Meeting at a time when a bill is in the state legislature to tax federal credit unions in the state.

The $1.1 billion Polish and Slavic Federal Credit Union has hired a former CU employee to be its new CEO. Bogdan Chmielewski, 42, had worked for the credit union for nine years and became a branch manager in 2001.

The Credit Union Information Security Professionals Association is planning a summer session, set for July 18-20 in Boston.

To help promote saving and educate members on stock market investing, State Employees' Credit Union has rolled out its new Bridge Account.

In a legislative stretch, the Communities First Act (H.R. 1869) has gotten tied up in the politics of the war in Iraq.