MOBILE, Ala. - Hurricane Ivan, the third major hurricane to strike the U.S. in less than a month, has rattled the residents of four states-including credit union members, staff and volunteers-closing credit unions and evacuating personnel as the Credit Union Times headed to press. As of press time, the category...

FRESNO, Calif. - A group of residents in the poorest parts of Fresno, California, says it will persevere in its attempt to obtain a credit union branch for their neighborhood even though their first attempt has fallen through. "We aren't giving up at all, far from it," said Keith Kelley,...

VANCOUVER, Wash. - With a sweep of the board election, Save Columbia Credit Union seems to have prevailed in its fight to keep the credit union from converting to a mutual savings bank. Members of the $660 million Columbia Community Credit Union who were upset by the board's attempt to...

ORLANDO, Fla. - A woman who had worked for a credit union for just over two months was killed September 7 during an early morning robbery attempt at the branch where she worked. Dianne Goigel, vice president of marketing for the $1 billion Fairwinds Credit Union, headquartered in Orlando, said...

WEST PALM BEACH, Fla. - Credit unions in Florida have begun digging out and cleaning up in the wake of the state's second major hurricane in under three weeks. On August 13 Hurricane Charley, a relatively compact category 4 storm, came ashore on Florida's West Coast, hitting the communities of...

ARLINGTON, Va. - The ability to one day be able to issue American Express Cards through an agent program was said to have been a key reason two credit unions recently sold their credit card portfolios to issuing giant MBNA. The Delaware-based card bank is the only financial institution, so...

ARLINGTON, Va. - Now that the Federal Reserve has hiked the prime rate, how long will it take for MBNA, a leading purchaser of credit union card portfolios, to change the rates on its credit union cards from fixed to variable rates? According to card analyst reports from the stock...

INDIANAPOLIS - David Becker, a banker and entrepreneur with a strong reputation among credit unions as the founder of data processing firm RDS and CU online banking firm VIFI, argues strongly that credit unions and smaller banks are foolish to sell their credit card portfolios. "Credit unions' biggest card managing...