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Prosperity FCU Buys Loans and Shares of Second Baptist Church CU

Peter Westerman | October 28, 2009

Prosperity Federal Credit Union purchased and assumed the loans and shares of Second Baptist Church Credit Union, following the NCUA being appointed Second Baptist's liquidating agent by the California Department of Financial Institutions.

Texans Insurance CUSO CEO to Leave Company

Peter Westerman | October 28, 2009

An employee at Texans CUSO Insurance Group LLC told Credit Union Times today that Mike Haselden, the CUSO's CEO, will be leaving the company.

Consultancy Recommending Credit Unions Not Run to Variable Cards

Peter Westerman | October 28, 2009

An asset and liability management consultancy argues that many credit unions risk giving up a unique and powerful niche in the overall credit card market if they rush to change from fixed rate credit cards to those with variable rates.

New Study Charges No Major Card Issuers Good for Consumers

Peter Westerman | October 28, 2009

A new study from the Pew Charitable Trust has found that every one of the credit cards offered by the country's 12 largest credit card issuers are bad deals for consumers and have practices the Federal Reserve has defined as "unfair or deceptive."