News

Charlotte Ayers, president/CEO of Georgia's Own Credit Union, has been appointed the newest member of Georgia Central Credit Union's board of directors.

For the third consecutive year, Ascend Federal Credit Union is giving money back to its members just in time for the holiday season.

New York's "Hometown" paper, the New York Daily News, featured a story on Dec. 3 about SEIU CU member Onika Shepherd, who remembered how well her credit union treated her when she was in college and got a car loan. CUs were all about auto loans, right?

USA FCU here charged off $3.6 million in loans and set aside $5.6 million in its reserve for loan and lease losses in the third quarter and reported a net loss of $1 million. Rising delinquencies on loans behind two months and longer were $3.4 million.

Democratic presidential hopeful Hillary Clinton recently proposed a 90-day moratorium on home foreclosures to give financially troubled borrowers time to work with lenders and avoid losing their homes.

December is shaping up as an active month for merger completions in the corporate credit union realm.