News

CUMCO Federal Credit Union of Vineland, N.J. will be sporting a new name-Members 1st Of New Jersey effective May 1.

PSCU Financial Services, a major payment processing CUSO, announced that its credit union owners will receive a total dividend of $17.9 million dollars from its 2009 operations.

Allowing credit unions to raise supplemental capital that is counted toward net worth requirements is an "appropriate policy consideration," with certain restrictions in place.

Dozens of volunteers and staffers from Missouri credit unions convened in Columbia over the weekend to build a home for injured war vet Robert Canine as part of the "Homes for Our Troops" campaign.

Being able to provide small businesses with the capital they need to create jobs and lift up the nation's economy should supersede any "turf" banks are trying to guard, said Texas Credit Union League Chief Advocacy Officer Buddy Gill.

A bill that has passed the state Senate in Vermont that would allow that state's merchants to begin setting minimum purchases for the use of credit and debit cards has drawn praise from retail groups and a lobbying push from the state's credit unions.