News

Amidst fresh reviews of subprime portfolios, credit unions across the U.S. that hold Centrix Financial indirect auto loans were watching developments here this week as a U.S. Bankruptcy Court began formal proceedings on Centrix' Chapter 11 petition as well as a separate involuntary petition from unsecured CU creditors.

A marketing and public relations architect for industry projects like the "BizKid$" venture, last February's Super Bowl ad and the award-winning "Tomorrow's Leaders" campaign is moving on to an agency job in Tacoma. Jamie Chase, director of communications and public relations for the league since January 2004, said she is...

Members of the $332 million Lafayette Federal Credit Union who oppose the credit union's proposed conversion to a mutual bank have written an eight-page letter to the credit union's board of directors which questions, among other things, the CU's contention that it would enjoy a "more flexible regulatory environment" as...

Teachers in the Montebello Unified School District can receive relief from education budget constraints thanks to a new 0% School Supplies Loan introduced by Camino Federal Credit Union. The loan allows full-time district teachers who are members of Camino FCU to borrow up to $500 until the end of the...

BECU Product/Delivery Channel Management Vice President/Chief Lending Officer Joe Brancucci and Financial Partners Credit Union President/CEO Nader Moghaddam were unanimously elected chair and vice chair, respectively, of the CUNA Council Forum.

The Arizona School Tax Credit has allowed taxpayers to contribute to public or private schools and receive a dollar-for-dollar tax credit on their year-end state income taxes as well as a deduction on federal income taxes. Recognizing that year-end finances can be tight, AEA Federal Credit Union in Yuma, Ariz.,...