BOSTON – Metro CU, the state’s fifth largest credit union, said Friday it has agreed to acquire Boston Globe Employees CU, a $22 million credit union that has reported nine straight quarterly losses.

SPOKANE, Wash. – The Union CU has received a $20,000 Innovation Grant from the National CU Foundation to help expand its "Step-Up" program aimed at expanding its reach to more than 500 local labor unions and their 550,000 workers, the Foundation announced Friday.

WASHINGTON – CUNA reported additional independent campaign expenses Friday on behalf of two House candidates in the Midwest, campaign efforts begun the prior week without the knowledge of either the candidates.

WASHINGTON – Federal prosecutors during last week’s trial of Alaska Sen. Ted Stevens presented records from the Senate FCU to try to discredit Stevens’ and his wife’s claims that they–and not an oil services company-- paid for $250,000 in improvements to their home in Girdwood, Alaska, they call "the chalet."

By Michael Bartlett, Reporter

KULM, N.D.-Members of Hometown Credit Union often see CEO Tony Buerkley riding his moped to work to save gas. That's one of the benefits of running a financial in a small agricultural town.

NAFCU Names 3 Paul Revere Award Winners

KOKOMO, Ind.-Remote check deposit giveth, and it taketh away.

Social Media's Impact On Financials Growing

HEATH, Ohio-Volunteers, the credit union line goes, are the lifeblood of the movement, so it only makes sense that some CUs are looking to promote volunteerism in their communities using a web-based program that was the brainchild of the Filene Research Institute's i3 program.

Heading into 2009, we're most interested in knowing:

WASHINGTON-CUNA and NAFCU rushed to file comment on a Fair Accounting Standards Board proposal on fair value accounting within the six-day comment period.

TAMPA, Fla.-Tampa Bay FCU said in order to secure member confidence it is doubling, again, the insurance coverage of each account to $500,000 through private deposit insurer ASI.

Service CU Sponsors Team

Mid-Atlantic Signs With FIMAC

CU Exec Convicted Of $1.1M Embezzlement

NAPERVILLE, Ill.-Is your loyalty program serving your credit union's business objectives or the goals of the card processor?

ST. PETERSBURG, Fla.-The American consumer is increasingly using his or her credit card for a trip to the grocery store rather than a fancy dinner out, which PSCU Financial Services says is a common occurrence when the economy turns sour.

WASHINGTON-With last week's actions, the government has extended itself so far into every corner of financial services-investing directly in banks, buying unlimited amounts of commercial paper; and guaranteeing bank debt, interbank funding, and all noninterest-bearing deposits-that many observers said any eventual unwinding of the interventions would be so complex that some parts may never go away.

WASHINGTON-The Treasury Department's plan to invest up to $250 billion in at least nine and potentially thousands of financial institutions may let it steer long-scrutinized consumer lending products and practices, observers said.