News

For residents here, the holidays don't officially start until they pay a visit to Services Center Federal Credit Union.

Credit unions could see stronger member loan demand in the latter part of 2007 thanks to a rise in consumer spending and personal income in November 2006.

Between 30 and 40 members of the $332 million Lafayette Federal Credit Union took to the floor at the Dec.16 meeting called as the final part of the credit union's attempt to change its charter to that of a mutual bank.

A new character to help credit unions better prevent plastic card fraud has appeared on the scene.

In official comment letters to NCUA, CUNA and NAFCU praised the agency for its quick turn around with the regulatory relief provisions to stretch the general loan maturity limit and authorize limited nonmember services, but said some clarifications are required.

It was graduation day for a total of 200 Desert Schools Federal Credit Union employees who earned nearly 300 degrees as part of Desert Schools' Virtual University.

Art Dinger, corporate compliance officer at Pennsylvania State Employees Credit Union in Harrisburg, says he knows something about how to "put a smile on the faces of examiners" looking at BSA documents.

CUNA believes its efforts in putting together a weekly financial education radio show should pay off in better-educated consumers and greater recognition of the credit union brand.