News

The shrinkage of commercial bank loans in El Salvador has prompted government policy makers here to develop economic policy and payments system support for credit unions and financial cooperatives.

Indiana Members Credit Union has raised a total of over $53,000 to help ensure local children start off the new school year well equipped.

NCUA sent the Kappa Alpha Psi Federal Credit Union three non-published Letters of Understanding and Agreement since April 2008 before it finally issued its Aug. 3 liquidation order, according to the agency's records.

For the first time since 2006, banks have reported easing their lending standards on commercial and industrial loans to small businesses.

The $340 million Call Federal Credit Union is bolstering its brand to emphasize household family finance and young people, according to its president/CEO Roger Ball.

East Allen County Federal Credit Union said it has dropped its interest rate to .1% in an effort to manage the surge in new money that came in over the past year.