News

BROCKTON, Mass.-The $1.3 billion HarborOne Credit Union has received recognition from immigrants from Cape Verde, an archipelago in the North Atlantic west of Senegal that has about the land area of Rhode Island.

WASHINGTON - Tightening liquidity fueled by decreasing member deposit growth and increasing loan demand has heightened credit unions' vulnerability to balance sheet risk. The secondary market, offered Callahan & Associates in a recent Webinar, is positioned to help CUs mitigate that risk while giving them the opportunity to increase liquidity.

There were a few key conferences held recently and Credit Union Times was there to provide on-site coverage. See conference coverage on pages 26-27 and page 50.

Credit unions are still waiting for full-blown image exchange to take off, but many are finding substantial cost savings in forwarding items electronically. Pages 22-24.

HARRISBURG, Pa. - The Pennsylvania Credit Union Association Board of Directors has re-elected its chairman and vice chair.

SAN DIEGO - Automated clearinghouse payments were up 16.2% in 2005 over 2004 to nearly 14 billion transactions, NACHA recently reported.