News

Redwood Credit Union and First Napa Federal Credit Union have announced merger plans effective March 1, 2007. "The goal of First Napa Federal Credit Union's board of directors is to expand service to our members. After much review, we determined merging with a larger, full-service credit union was the best...

Independent Community Bankers of America Chief Economist Paul Merski believes that community bankers are in a strong capital position and situated for the slower economic growth environment over the next year.

Thurston County Superior Court Judge Paula Casey has denied motions from the $725 million Columbia Community Credit Union that the court reconsider its decision to return two members of the Save CCU member group to the board or that it increase the bond the members have to supply.

NCUA Vice Chairman Rodney E. Hood applauded credit unions and accountants for their progress in enterprise risk management during the American Institute of Certified Public Accountants National Credit Union Conference in Orlando, Fla.

The Federal Open Market Committee voted last week to maintain the federal funds target at 5-1/4% and said it expects the elevated core inflation to moderate in time.

PSCU Financial Services, the CUSO that processes card transactions for over 500 credit unions using the First Data card platform, will issue its highest patronage dividend on record this year, according to the cooperative.