News

The troubled Silver State Schools Credit Union of Las Vegas, the state's largest, has received a financial bailout-said to be $22 million-from American Share Insurance, the Ohio private insurer.

Mid-Atlantic Corporate Federal Credit Union today announced a complete overhaul of its membership structure.

In what is being described as a "disappointing" industry defeat, the New Mexico Senate Thursday killed a House-passed bill, which would have funneled some $5 billion in state funds into community banks and credit unions.

The law passed by Congress last year overhauling credit card rules takes effect in stages. However, the vast majority of the changes take effect on Monday.

The funeral for DeFarra Gaymon, president/CEO of the Credit Union of Atlanta, will take place at 12:00 p.m. July 24 at Benedict College in Columbia, S.C.

The $1.8 billion SEFCU has formed a new program with area businesses that will offer discounts on products and services to members of the Albany, N.Y.-based cooperative.