News

The Credit Union Association of Colorado has formally completed changes in its top leadership spots to fill vacancies left by the departure of Mark Cummins, the new president/CEO of the Minnesota Credit Union Network and former president/CEO of White Crown FCU.

NCUA recently assumed control of $51 million Obelisk Federal Credit Union located in New Albany, Ind., it announced last week.

While credit unions are helping members become more financially savvy they may want to also turn their focus inward--to staffers.

Three national banking trade associations delivered a joint letter to the chairmen and ranking members of the House Ways & Means and Senate Finance committees encouraging them to include the Subchapter S reforms from the Senate bill in any compromise legislation.

Because of the unique nature of credit unions, asset valuation requires careful consideration the national credit union trade associations told the Financial Accounting Standards Board.

Desert Schools Federal Credit Union said last week it is combining its product management and quality service functions to enhance development of deposit products for both consumers and small business applications.