News

ALEXANDRIA, Va.-Debate has continued within the credit union movement over whether overdraft programs are appropriate for the member-oriented non-profits. Some, like State Employees Credit Union (Raleigh, N.C.) CEO Jim Blaine, have passionately spoken out against it unless limited, while others point out that it saves members from merchant fees on...

PORTLAND, Ore. - Portland Teachers CU CEO Cliff Dias announced his plans to retire from the $2 billion credit union next May. Dias joined Portland Teachers in 1995 and was named CEO in 1997. He helped grow the credit union from $792 million when he joined, to over $2 billion...

ARLINGTON, Va. - The pace at which credit unions sold their card portfolios and entered into agent relationships with their purchasers started out strong in 2005 but slowed significantly over the course of the year. Rising interest rates provided part of the reason for the slowdown along with the relatively...

MANHATTAN BEACH, Calif. - It's still hard to pinpoint the number of credit unions that offer trust services, but not as many ventured into trust services this year compared to 2004. The industry even saw a few unexpected shutdowns. The $2.9 billion Kinecta FCU announced it would start offering its...

WEST PALM BEACH, Fla. - There was no shortage of the changing of the guard at various leagues around the country in 2005. Just as in 2004, this year saw many league leaders' names disappear from the door of the corner office to be replaced by other names . Some...

Although credit unions around the world share the same basic values, the challenges they face in different countries is varied. 2005 represented some gains and some losses. It was the year where natural disasters caused credit unions to open their pockets for the victims of the tsunami, AIDS and earthquakes....