News

TALLAHASSEE, Fla. & SAN DIMAS, Calif. -- Credit Union 24, a leading credit union owned nationwide ATM network and Financial Services Center Cooperative, one of two nationwide shared branching networks, have announced an alliance "to explore collaborative approaches to help credit unions maximize services and service delivery."

LOUISVILLE, KY -- A partnership between MasterCard, a travel services firm and a bank has announced it is offering the first prepaid card available in North America that will be denominated in Euro or British Pounds.

BURBANK, Calif. -- Lockheed Federal Credit Union has been recognized as one of "California's Best Places to Work" for 2007.

PLEASANTON, Calif. -- The California Department of Financial Institutions issued a cease-and-desist order against the struggling $102 million Sterlent Credit Union on February 20.

HARRISBURG, Pa. -- The payday loan alternative pushed by the Pennsylvania Credit Union Association over the last year and a half continues to show portfolio gains reaching $2.7 million in outstandings, a figure drawing praise from the state treasurer, a partner in the program.

MADISON, Wis. -- The Wisconsin Credit Union League Friday threw cold water on a banker-backed Community Reinvestment Act bill introduced in the state Assembly this week as a desperate maneuver "which has no chance of passage this session and they know it."

NEW YORK -- The U.S. Treasury Department's Community Development Financial Institutions Fund should streamline its procedures for certifying financial institutions as CDFI's and so help more CUs become recognized as CDFIs, according to the National Federation of Community Development Credit Unions.

NEW YORK -- The U.S. Treasury Department's Community Development Financial Institutions Fund should streamline its procedures for certifying financial institutions as CDFI's and so help more CUs become recognized as CDFIs, according to the National Federation of Community Development Credit Unions.