News

A surplus of liquidity in the credit union industry has helped to raise investments in the Trust for Credit Unions money market portfolio to $1.047 billion as of Feb. 15, 2008, up $687 million from the previous year, according to Callahan Financial Services, a subsidiary of Callahan & Associates.

Basking in the glow of savory success, Dawn White's "shrimp salad delight" was recently named the 2007 Lawry's Tasty Traditions 'Reel Creative Meals' winner.

NCR Corp. said it will begin offering two of uMonitor's online applications as part of the corporation's online banking solution.

Sheila Narayan, a veteran payments consultant, has joined Online Resources Corp. as executive vice president/general manager of its payments division.

The $770 million Xerox Federal Credit Union will launch a new name and brand, transitioning to Xceed Financial Credit Union on March 31.

Congressman Paul Kanjorski (D-Pa.) and 20 other Members of the U.S. House of Representatives have urged Secretary of the Treasury Henry M. Paulson, Jr. and Secretary of Education Margaret Spellings to take action to ensure that students can afford higher education.

The NCUA Board received the quarterly insurance fund report today from the new Chief Financial Officer Mary Ann Woodson, who revealed that the NCUSIF will not be refunding any funds to federally insured credit unions for 2007.

WASHINGTON -- Treasury Department Federal Credit Union has officially signed on to Operation HOPE's financial literacy movement and will begin providing space and support for a "HOPE Inside" partnership.