President Obama used CUNA's 75th anniversary to praise the work of credit unions.

Nevada's largest credit union, the $883 million Silver State Schools of Las Vegas formally announced over the weekend the departure of President/CEO David Rhamy, who quit effective Friday.

After Michigan regulators closed Citizens State Bank of New Baltimore and named the FDIC receiver, the FDIC set up the Deposit Insurance National Bank of New Baltimore to serve depositors.

Next year is looking even brighter for credit unions if the current trend of financial experts talking them up as an alternative to banks continues.