Credit Union News

According to the latest reports, Credit Union membership and total assets have hit an all-time high. Earnings have improved, loans have increased, and deposits have grown even faster than lending, while delinquencies and charge-offs have remained constant, and member bankruptcy filings have decreased.

Sunday, January 25, 2015

Community Credit union announces merger with Oshkosh-based CitizensFirst The partnership will allow the credit unions to combine resources and offer enhanced products in a wider area of service, according to a statement from Community. La Crosse Tribune


Business Briefs: Credit Union Graded; Cherokee Casino Sets Ceremony; Butterfield Place Awarded The ratings place the credit unions in the highest tier of approximately 13,000 federally insured banks and credit unions nationwide in terms of financial health. Times Record


Duke Credit Union Names New CEO “Dan exemplifies excellence in credit union leadership,” said Credit Union board chair Mimi O’Brien. Duke University


2 Stowe women charged with stealing personal info from police credit union Police searching the womens Orchard Street home found empty heroin stamp bags, stolen office supplies such as pens and folders, stolen Snapple and other drinks, and promotional clothing from the credit union. Daily Courier


Banks Rejected by U.S. High Court on Mortgage Securities Suits National Credit Union Administration Board, 14-379. Bloomberg


BATS Settles, Gupta Rebuffed, Banks’ Appeal: Compliance The justices yesterday turned away an appeal by four banks, including units of RBS and Nomura, in a case stemming from the collapse of two credit unions that owned more than $1.7 billion in those securities. Bloomberg


Monday-Thursday, 5 PM ET Of course it’s still illegal federally.” Banking is another issue, since “most banks and credit unions still steer clear to avoid bureaucratic red tape and risk of hefty fines, since weed is illegal on the federal level,” Rolling Stone noted. Bloomberg


New Credit Union shop opens in Coventry The credit union was able to lease the new premises after receiving a grant from the city council. Coventry Telegraph


Archbishop of Canterbury: 'Banks must be people-centred' To give two examples, the Church Credit Champions Network, which is funded by Lloyds Bank, has been set up to help local churches build the capacity of their credit unions serving their communities and to increase active credit union membership among churchgoers and the wider community. Independent Catholic News


B.C. Home Prices and Sales to Head Higher, Central 1 Credit Union Forecasts "Regional variations will persist over the next few years, particularly given recent gyrations in oil prices," says Bryan Yu, senior economist with Central 1, the trade association and financial facility for B.C.s 42 credit unions. Marketwire


National Award Goes to Local Credit Union for Youth Financial Literacy Education Through educational seminars targeted at various age groups, the credit union encourages students and parents to start conversations regarding spending, saving and sharing money wisely. Marketwire


Most of us don’t think banks have our best interests in mind: poll January 8, 2015 at 10:43 am Share: Facebook Twitter j says: 0 Up Down 0 Mark as offensive Banks/Credit unions are in it for themselves, not the people. News 1130


Savings programs tied to prizes to become more widely available Starting this year credit unions in Connecticut and New York will also be offering save to win and seven other states have laws that would allow prize linked savings programs. The Online NewsHour


Vancity's values-based banking brings CEO Tamara Vrooman in contact with global icons In a report commissioned by the credit union in 2007, Italian economist Pier Luigi Sacco outlined in detail how Vancity could stimulate the economy, promote employment, and create a healthier community by investing more of its financial resources into arts and culture. The Georgia Straight


Valdosta-based credit union donates to UF Shands hospital More >>VALDOSTA, GA (WALB) - A South Georgia credit union based in Valdosta helped University of Florida Shands Hospital Wednesday morning help care for children. WALB Albany



FNB recognized by two leading financial ratings firms BauerFinancial, the nation’s leading independent bank and credit union rating firm, awarded FNB a 5-star rating. The Scottsboro Daily Sentinel


Directors' battle takes shape at Tuscaloosa credit union At least two of the credit union’s members, Jerry Logan and Lori Baird, are seeking enough signatures from other credit union members to get their names on the directors’ ballot. The Tuscaloosa News



Ent posts $12.5 million dividend to members The money comes from interest the credit union earns on loans and income from other services. Colorado Springs Business Journal


Oregon bank opens doors to Colorado marijuana businesses MBank, based outside Portland, is part of a growing number of financial institutions, mostly Washington-based credit unions, that are banking openly with marijuana businesses. Boulder Daily Camera


New Mexico

Bill would have merchants report breaches Stull said the credit unions are particularly interested to see this passed because they are member-owned nonprofits. Albuquerque Journal



Strathmore’s Who’s Who Honors Donna K. Neal as Professional of the Year Neal is President and CEO of MY Community Federal Credit Union.



Centra credit union employees placed on leave, following audit Tibbs said the credit union manager and two additional employees have been put on administrative leave. WDBJ 7 Roanoke


       Add to My Yahoo!


Find a credit union by city, state, or name:

Order your credit report online

Special offer to credit union members. See your instant credit report.


Find Local Credit Unions

Find a credit union


Closed Credit Unions and Conservatorship Actions.


For other news, you may wish to refer to an online newspaper that covers your local area.

Be sure to check colleges and universities, and their alumni associations if you are a student, alumnus, or a relative of one.


Sponsored Sites


The Merit Credit Engine provides credit scores and a credit report API for automating credit approvals and merged XML reports.


Your Canada credit report and score.
Monitor your credit and protect against identity theft! Who checked your credit report recently, and what did they see?