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WASHINGTON - First Tech CU joins a growing list of CUs offering full-blown account aggregation. The CU's service will be provided by Yodlee through an alliance between Yodlee and Callahan and Associates' Callahan Credit Union Financial Services Limited Partnership. So far nine credit unions are offering aggregation through the alliance.

PHILLIPSBURG, N.J. - Lower mortgage rates might be good news for consumers, but small credit unions that don't offer first mortgages are meeting the news with grimaces. It wasn't the loss of first mortgage business that had Susan Rodriguez, CEO of $23 million Baker FCU worried, it was the first...

"He is the statesman of the corporate credit union network. He's contributed a great deal over the years. He's a true believer in credit unions. His leadership and commitment has been uplifting." - Gigi Hyland, executive director of the Association of Corporate CUs on WesCorp President/CEO Dick Johnson's retirement announcement....

WASHINGTON-Consumer Federation of America (CFA) Executive Director Stephen Brobeck cheered CUNA's work in the Renaissance Commission in a recent letter to the credit union trade association. He wrote that CFA was "particularly pleased" with the specific statement of credit unions' cooperative, non-profit nature and their dedication to serving those of...

WASHINGTON - Hundreds of credit unions, banks and individual investors may have been bilked out of millions of dollars after purchasing what they thought were bank-issued, federally-insured certificates of deposit, according to the Securities and Exchange Commission. The SEC filed a civil lawsuit in federal court in Philadelphia on Oct....

STAMFORD, Conn. - Stamford Credit Union, formerly known as Stamford Municipal Employees FCU, received its state charter certificate from State Banking Commissioner October 23. This makes the second time the $36 million credit union has had a state charter. It was originally chartered as a SCCU in 1953 and converted...

All involved seem pleased with proposed amendment to update Missouri's CUSO rule. See story page 14.

In the wake of the current economic slowdown and disturbing international affairs, pessimism abounds in the business world. That attitude is spreading among some credit union leaders. As businesses become cautious during this time of turmoil, they tend to reduce capital expenditures, lay off people, and postpone expansions. They prefer...