Advanced search


BROOKLYN, N.Y.—Olympic bronze-medalist fencer Monica Aksamit was named the 2016 “PSFCU Rising Star” by the Polish & Slavic Federal Credit Union following the Summer Olympic Games in Rio. Aksamit, 26, has been a member of the credit union for the past 18 years, and has been awarded  $5,000 by PSFCU.

ONTARIO, Calif.–Richard Myles Johnson, the longtime leader of WesCorp and an icon to many in credit unions, has died. Mr. Johnson was 92.

WASHINGTON–The Credit Union Advisory Council to the CFPB met here yesterday, including the eight new members representing credit unions. The meeting was focused on promoting financial education and the CFPB’s proposed rule on debt collection.

NEEDHAM, Mass.—One credit union CEO says it’s hard to argue against the benefits of a low-overhead, almost virtual operation, as his own CU demonstrates, posting asset growth of 12% in 2015. It’s seeking to increase that figure to 15% this year.

BASEL, Switzerland—Financial institution regulators across the world are looking into the reasons why large banks are pulling back from handling cross-border payments—something that is making it more challenging for families to send money to relatives overseas, Reuters reported.