News

A familiar credit union figure was named to the Federal Reserve Board's Thrift Institutions Advisory Council last week.

The $58 million Family Financial Credit Union has had to close roughly 1,000 card accounts and reissue cards in reaction to another retailer card security breach. Other financial institutions in the area must do the same.

Credit unions' improved management of their credit card portfolios has started showing up in the latest statistics, according to analysis performed by card brokerage firms.

According to the latest data from the Small Business Administration, the average loan amount for credit unions participating in the agency's loan programs is $96,718.91 As of Sept. 30, there are 310 credit unions participating in SBA's 7(a) lending program. The $1.8 billion Mountain America Credit Union continues to top...

The World Council of Credit Unions' coffers have gotten a $27.7 million boost.

John E. Kutchey has been named NCUA's new director of risk management, NCUA announced.