News

The board of directors of ALPS Federal Credit Union declared a year-end share bonus dividend and loan interest refund for members totaling $89,000.

The Georgia Credit Union League demonstrated that membership has its rewards as it recently provided a patronage refund to every credit union that attended the 2007 Georgia Credit Union League Annual Convention in Savannah.

Associated Credit Union has found a new president/CEO from within its ranks.

In 2007, 1,356 CEOs lost their jobs, an 8.3% decrease from the 1,478 CEOs that left their companies in 2006, according to the new CEO Turnover Report from Challenger Gray & Christmas Inc.

When $3.8 billion Wescom Credit Union reduced staffing by about 10% last month--so soon after news of layoffs at $700 million USA Federal--tongues were wagging about the effect subprime lending might be having on California credit unions.

The end of the year brought a spate of dividend payouts by North Carolina credit unions including two noteworthy givebacks from two small CUs: a 9% rebate on both loans and deposits from the $8 million North State Telco Credit Union of High Point plus a first-time 4% return by...