News

PEMBROKE PINES, Fla. -- With the launch of its coffee talks series, Tropical Financial Credit Union is aiming to build more relationships with local small businesses.

SEATTLE -- Like other Washington State credit unions, last month's fire sale of Washington Mutual Savings Bank to JPMorgan Chase Bank brought a huge jump in memberships for the $8.5 billion BECU.

PHOENIX -- Arizona credit unions, in league with the state attorney general and consumer groups, are hoping to defeat a well-financed referendum on the November ballot aimed at enacting new payday legislation.

BALTIMORE -- Fannie Mae has forgiven the mortgage of a 90-year-old Ohio woman who shot herself as she was about to be evicted from her foreclosed home.

ALEXANDRIA, Va. -- Federal credit unions can't make contracts for ATMs with third-party providers if the arrangement doesn't give the credit union an ownership or leasehold interest in the ATM.

FARMINGTON HILLS, Mich. -- As part of a new initiative to encourage Michigan high school students to pursue a higher education within the state, Community Choice Credit Union announced that it will be awarding $1 million in scholarships to students attending a college or university in Michigan.

LANSING, Mich. -- The members of Auto Body Workers Credit Union voted unanimously to merge with Auto Body Credit Union.

WASHINGTON -- An analysis of the latest HMDA data indicates that while the credit crunch has lead to higher denial rates, CUs are still more likely to approve mortgage loans for minorities and low- to moderate-income borrowers.