Fresh Today

EL CENTRO, Calif.—Sun Community FCU and Palm Springs FCU have announced plans to merge.

The $304-million Sun Community CU has 34,000 members, and will be the surviving charter. The $12.9-million Palm Springs FCU has 1,631 members, and has recently been in the news as the result of an NCUA examiner losing a flash drive containing member data. The merger is scheduled to be effective on May 1. All staff will be retained; one member of the PSFCU board will join the Sun Community CU board. Debbie Pitigliano, Palm Spring FCU’s CEO, will become regional VP.

MADISON, Wis.— Kim Sponem, CEO of $2.1-billion Summit CU here, has been named to a panel that offers input to the Federal Reserve on economic conditions.

ST. LOUIS—Enterprise Holdings' car sales to credit union members grew to a record $483 million last year, an increase of 11% from 2013.  Through a partnership with more than 1,000 credit unions, the company said sold vehicles to more than 28,000 credit union members last year.

NEW YORK–LendKey, an online lending platform that brings together lenders and borrowers, said it has partnered with TrueCar, the negotiation-free car buying and selling mobile marketplace, to launch an integrated auto buying and lending program.

CUPERTINO, Calif.—FIs are taking steps to address fraudsters who have been typing stolen credit card numbers into Apple Pay and making purchases with their iPhones.

ALEXANDRIA, Va.—NCUA’s Office of Inspector General has found no evidence that NCUA attempted to “obfuscate” the fact that an NCUA examiner was responsible for the loss of a flash drive from Palm Springs FCU.

IRVINE, Calif.—Home prices nationwide, including distressed sales, increased 5.7% in January 2015 compared to January 2014, according to the CoreLogic Home Price Index (HPI).

PASGAGOULA, Miss.—What has been described as an “impassioned plea” by a board member at Navigator Credit Union here has led to members voting down all the nominees for the board.

WASHINGTON – CUNA filed an amicus brief Thursday in the U.S. Court of Appeals for the Eleventh Circuit, in a case the trade group says raises many of the policy issues surrounding credit card interchange fees.

NEW YORK—In a move that bucks the general trend of lowering card rates, American Express recently increased interest rates on some of its credit card accounts by an average of 2.5 percentage points, the company stated.