BLOOMINGTON, Ill. - The launch of State Farm Bank in 1999 will not impact the proposed merger of the 12 credit unions that serve State Farm Insurance Co. employees, a company spokesperson said. State Farm Bank opened in May 1999 after being granted a federal savings bank charter from the...

MADISON, Wis. - Nearly 160,000 members joined credit unions in January, giving the industry a moderate start for the year, according to the latest CUNA Mutual Group Credit Union Trends Report. To be exact, CUs saw a net increase of 158,000 for the month. The increase is still 46,000 members...

WASHINGTON-Focus groups conducted for CUNA showed that credit union members use warmer, friendlier terms to describe credit unions than the way bank customers describe their financial institutions. Bank customers used words like `money,' `security,' `thieves,' `impersonal,' and `high fees' to describe banks, Keith Frederick, founder of FrederickPolls, found. However, credit...

WASHINGTON - The much-awaited report by former U.S. Sen. Warren Rudman and Paul, Weiss, Rifkind, Warton & Garrison LLP commissioned by the special review committee of the board of Fannie Mae of an independent investigation of the issues raised in the Office of Federal Housing Enterprise Oversight's special examination of...