News

DALLAS, Texas -- In what may be the first major purchase of a CU card portfolio in months, the $1.19 billion Credit Union of Texas has sold its credit card portfolio to FIA Card Services, the card-issuing subsidiary of Bank of America.

SALT LAKE CITY -- A compromise deal appeared to be in the works Thursday between credit unions and banks to pass a bill giving limited relief to CUs in making business loans and putting to rest a suggested "financial freedom referendum" this fall, an idea floated by the Utah League...

NEWARK, N.J. -- A conspirator who organized family and friends in a scheme to profit from stock offerings of mutual banks, including some former credit unions, has received a sentence of 20 months in prison for the crime.

FORT WORTH, Texas -- American Airlines Federal Credit Union has hired a specialist to assess how the big CU can improve member satisfaction with www.aacreditunion.org.

FORT WORTH, Texas -- American Airlines Federal Credit Union has hired a specialist to assess how the big CU can improve member satisfaction with www.aacreditunion.org.

SANDY, Utah -- Computer Marketing Corp. is marking its 30th anniversary in the credit union core processing business this year.

SANDY, Utah -- Computer Marketing Corp. is marking its 30th anniversary in the credit union core processing business this year.

SALT LAKE CITY -- A majority of members of the $187 Beehive Credit Union who voted in its charter change balloting voted to leave their credit union charter and become a mutual bank, the credit union has reported on its Web site www.beehivecredit.com.