NEW YORK - On February 24, the National Federation of Community Development Credit Unions, an organization which has served CDCUs exclusively for 30 years, will announce a reorientation of its efforts towards the broader credit union industry. Clifford Rosenthal, the Executive Director of the Federation, reiterated that the organization's mission...

EAST HARTFORD, Conn. - The $800 million American Eagle FCU has become the first financial institution in the country to offer account-to-account money transfers between financial institutions from an ATM, the NYCE Corporation has announced. The East Hartford, Connecticut-based CU began offering the service two weeks ago after upgrading its...

ARLINGTON, Va. - Roughly 80 credit unions decided in 2003 to get out of the business of issuing credit cards directly, according to Kessler Financial Services, the affinity marketing arm of MBNA, a leading card issuing bank. But even as those institutions were choosing to end their direct credit card...

ARLINGTON, Va. - As the credit union industry grows and steadily brings in ever greater numbers of people to all parts of expanding operations it can be easy to lose sight of the bottom line that, in at least one sense, mark the difference between credit union success and failure....

ST. PETERSBURG, Fla. - David Serlo doesn't bring it up much, but remembering the high school guidance counselor who told him that he would probably not be college material still makes him chuckle. "I guess I was just one of the ones who didn't turn out like he expected," Serlo...

OLYMPIA, Wash. - Linda Jekel, the Director of the Credit Union Division of the Washington Department of Financial Institutions, admits that the credit union industry she regulates exists in paradox. While on the one hand the beneficiary of what many believe to be one of the strongest and most progressive...

ARLINGTON, Va. - Many community development credit unions, among the founding institutions of the nascent financial development industry and veterans of working in underserved and low income areas, may be on the edge of withdrawing from the largest formal structure of the industry they helped found. "This year may be...

MADISON, Wis. - The National Credit Union Foundation, Tyson Credit Union, Tyson Foods Inc., and Freddie Mac have joined together to bring $50 million in mortgage loans to Tyson Foods employees. "We're quite excited to be involved in this landmark partnership," said Gary Officer, Executive Director of the National Credit...