Crippled by mounting commercial loan losses, the $1.6 billion Texans Credit Union was placed in conservatorship on April 15 by the NCUA.
The closing of Vensure FCU raises questions about how NCUA supervised or failed to supervise a federally chartered CU.
A death sentence for credit unions? An impetus to change the business model? Depends on who you ask.
Federal agents seized and replaced five command and control servers and 29 domain names used by the botnet to hack financial accounts.
Finding the schedule to conduct a quarterly or annual risk management review proved to be a time crunch for CP Federal Credit Union.
Former top NCUA aide John McKechnie, now with a Washington consulting firm, is enhancing his lobbying profile.
A credit union payday loan alternative program that has reportedly saved members $15 million wins plaudits from Keystone treasurer.
For a little over a year a revolution has been slowly building in Lowell, Mass. and Jeanne D’Arc Credit Union is at the center of it.
St. Helens Community FCU hopes that area tweens setting sail for Money Island will find the greatest buried treasure-financial savvy.
A Massachusetts subprime auto lender has been charged with allegedly collecting $110 million through the sales of unregistered securities notes.
TCF National Bank, a major issuer of debit cards, has gone to a higher court to try again on blocking new cap.
Fraud is inevitable for financial institutions, even when diligent precautions are taken, according to experts in the credit union security space.
San Antonio Credit Union has a CEO transition plan. It’s been developed over a long time, and it calls for a shift in management style.
The credit union campaign to win state-by-state approval for savings promotion raffles picked up steam last week.
The ATM Industry Association wants ATM deployers to exercise more caution when discarding decommissioned ATMs.
I took last week off to work around the house, and one of the many things I did was wander the aisles of the local Home Depot. I ended up in the landscaping area with the colorful, eye-catching plants.
CUNA and NAFCU are asking the Fed for more time and some changes in upcoming rules on pricing disclosures.
Low-income credit unions can apply for grants from the NCUA to fund financial literacy initiatives aimed at students.
The National Credit Union Foundation said that 42 credit union executives from two countries graduated from its weeklong Credit Union Developme
A partnership between CUNA Mutual Group and Transamerica Life Insurance Co. will bring four new variable annuity choices to members.
The credit union industry has come through again for Children’s Miracle Network Hospitals and the children and parents who rely on them.
Hawaii First Federal Credit Union was recently recognized for the jobs its individual development account program has created.
The National Credit Union Foundation is now accepting nominations for the 24th Annual Herb Wegner Memorial Awards.
Northwest Resource Federal Credit Union has named Jim McCarthy president/CEO.
GHS Federal Credit Union has found a new president/CEO in Dan Leclerc, Aventa Credit Union's former senior vice president and chief financial officer.
The Western Bridge Corporate Charter Committee has elected a seven-member board of directors and a three-person supervisory committee.
In 1687, Isaac Newton published a three-volume treatise which revolutionized humanity’s understanding of the physical world. Book One of Newton’s Principia contains Newton’s three laws of motion, which describe the responses of physical bodies to forces acting upon them. Sir Isaac expressed the first law as follows: "Every body persists...
Most people strive to be ethical and fall short. That is in part because humans are inherently flawed and sometimes can’t resist taking shortcuts.
Accept this reality: How corporate credit unions were will not be again, at least not soon.
A successful domain name server attack on a large Russian payment processor could be a sign of things to come, a U.S.-based online security firm warns.
SunGard Availability Services said it has enhanced the ability of the Web-based continuity planning tool to help credit unions with risk and compliance.
The 8,000 members of the $71 million Members Federal Credit Union in Aurora, Colo., now can sign loan documents by Internet or smartphone.
Akcelerant’s loan origination tools have been added by the $1.3 billion Arizona Federal Credit Union to its existing collections software deployment.
Wescom Resources Group said three large credit unions have gone live with the CUSO’s mobile banking solution in recent weeks.
A new account opening and lending solution from CRIF Lending Solutions is in place at 10 credit unions and integrates with LOANLINER.