News

Joe Kuntz is ready for his new role as president of Baker Hill.

The Michigan trend toward credit union mergers picked up steam last week with an announcement by two Detroit area credit unions, Research Federal Credit Union and Community Choice, of plans to combine effective in 2007 forming a $425 million credit union.

The Community Financial Services Association, the trade association for payday lenders, has denounced a recent Department of Defense report that asked Congress for laws that would regulate how payday lenders lend money to members of the U.S. military.

A former NCUA examiner and economic development specialist has been hired by the Financial Service Centers of New York, the New York association of check cashers, to further and deepen the connections between New York's check cashers and credit unions.

Twisters and tropical storms prompted Weokie and Sarasota Coastal credit unions to take their core processor up on its offer to provide complete backup disaster recovery services. They're two of the 22 credit unions using GalaxyPlus core processing systems who have committed to the new DR service for in-house clients....

There are a lot of differences and positive points for both NAFCU's Congressional Caucus and CUNA's Governmental Affairs Conference that keep both thriving.