PHILADELPHIA - After negotiations stalled on who should bear the expense of new-health care costs at Philadelphia Federal Credit Union, at least 47 employees belonging to one of the city's labor union groups stopped working on April 11, picketing the increase and also what some are calling "unfair" labor practices....

WICHITA, Kan. - Thirty members of Boeing Wichita Credit Union may have had some of their funds "inappropriately directed" by a contract agent licensed through a third party broker/dealer. Gary Regoli, Boeing's president/CEO said approximately $1.9 million were misdirected by the agent licensed through SII Investments, Inc. of Appleton, Wis....

BURLINGTON, Vt. - Almost a year after the National Federation of the Blind filed suit against several banks and one credit union in Vermont for not providing accessible automated teller machines for the visually impaired, nearly all sides have settled. Banknorth Vermont, Chittenden Bank, Northfield Savings Bank and Vermont State...

RICHARDSON, Texas - Hoping to extend its reach to the community at large while leveraging a long-standing tradition of alliance with its founding sponsor, Texans Credit Union (TCU) recently redesigned its CUSO to appeal to both members and non-members. Texans Financial opened for business under the new moniker in January...

WASHINGTON - Fearful of reaching the government's $5.950 trillion statutory debt cap and Congress' reluctance to raise that ceiling, the U.S. Treasury said it will temporarily suspend investing in the agency's government securities investment (G-Fund), which is one of five funds in the Federal Employees Retirement System (FERS). The investing...

WASHINGTON - As members turned to the safety of insured deposits and other savings vehicles, credit unions saw record borrowing growth at the end of 2001 while real estate lending numbers set the tone for a much anticipated economy rebound. This, according to Chip Filson, president of Callahan & Associates,...

WASHINGTON - While there's been much emphasis on the burgeoning payday lending business which rakes in an estimated $2.4 billion in annual revenue, not much data has been collected on why consumers turn to payday loans for their emergency financial needs. The Consumer Federation of America (CFA) and the National...

NEW CASTLE, Del. - In an effort to woo members who may not have the industry-minimum $1 million in assets needed to take advantage of trust services, one newly-established trust operation is significantly lowering that threshold. DELCU Financial Services, L.L.C., a CUSO owned by 16 Delaware credit unions and managed...