Despite a technology reach that spans around the globe, Silicon Valley businesses have not been immune to layoffs and downsizing, with unemployment in the California hub hovering around 11%.
A threatened revolt by Democratic centrists delayed the start of the House debate on legislation to revamp the way the federal government regulates financial services.
The NCUA is in talks with Wells Fargo and an accounting firm, two of the entities involved in the recovery of $11.8 million from a deceased financial adviser who worked with the defunct New London Security Federal Credit Union.
Saying credit unions should not be discouraged from accepting deposits for fear of their negative impact on capital, NCUA Chairman Debbie Matz urged Congress to give credit unions more options in accepting outside capital.
Regardless of the title behind their names, SEC Chairman Mary Schapiro said all securities professionals should be subject to the same fiduciary duty when it comes to serving investors.
The courts may wind up adjudicating another aspect of the CU National Mortgage fraud.
From loan workouts to other restructuring plans, Telesis Community Credit Union said it is doing all it can to avoid having to send properties down the foreclosure route.
WASHINGTON -- Free liquor, free food and inspirational speeches from their congressional allies.
ARLINGTON, Va. -- Although credit unions and banks are often at odds, the ABA's Chief Economist Keith Leggett used an appearance before credit union executives to focus on areas of common ground.
Steve Delfin, executive director of the National Credit Union Foundation, will step down from that position on Dec. 31, 2009 to become CEO of America's Charities.
The fallout of the economy has put areas like overdraft fees and credit cards under the microscope with new legislation drafted to protect consumers.
OMNI Community Credit Union, Battle Creek, Mich., has adopted a new marketing and operational twist to the year-end dividend payout.
Credit unions received a temporary reprieve when the Treasury Department and Federal Reserve delayed to next June 1 the compliance deadline for the regulations aimed at banning Internet gambling.
The trillion-dollar growth in individual retirement account assets was part of the motivation behind MEMBERS Trust Co.'s product launch that includes features of a trust.
Repeated many times this holiday season have been scenes of tears, laughter and joy as military families jam base conference centers,
The $9 billion Southwest Corporate Federal Credit Union reported no third-quarter investment impairments on its nonagency mortgage-backed
The $1.3 billion Chartway Federal Credit Union, Virginia Beach, Va., is up front about its merger intentions and considers itself in an elite class of national suitors.
WEOKIE Credit Union Foundation, Oklahoma City, recently presented its Money Talks financial education program to students in the Putnam City School District.
CUSOs Credit Union Student Choice and myCUmortgage announced that they have joined together in a partnership agreement.
Only a very small number of online banking customers visit phishing sites each year, but half of those who do end up providing their log-in credentials to the fraudsters who put the fake site up on the Web.
Alliant Credit Union said it is reaching out to the younger set by offering the personal finance management and social networking platform from Geezeo as part of the $6.6 billion institution's online banking presence.
The Fairfield County Ohio Federal Employees FCU became the 14th credit union closed by the NCUA this year.
Reflecting Denver's housing shortfall, the $920 million Elevations Credit Union of Boulder is closing a metro branch and laying off 13 employees, or 6% of its workforce come Jan. 30.
Roshara Holub, president/CEO of the Missouri Credit Union Association and past chair of the American Association of Credit Union Leagues, is retiring in December 2010.
Mountain America Credit Union is mourning the loss of longtime Chairman H. Floyd Tanner.
When asked to name their top vendors, credit union and bank technology executives can't seem to agree, said a new report released by research and advisory firm Aite Group.
CUsource, a Montana-based CUSO provider of technology and real estate services, is now offering the cost-saving and green applications of Cubus Solutions, the companies said.
The recent fifth-annual CEO Strategies Week held by technology provider CU*Answers attracted 50 credit union CEOs from around the country, the CUSO said.
Tina Sbrega, president of GFA Federal Credit Union in Gardner, Mass., has been elected to a three-year term on the board of COCC of Avon,
For some, it's known as one of the industry's dirtiest words: repossession.
Like many in the midsize asset credit unions category, Tri-County Area Federal Credit Union is on a mission to grow net worth and income in 2010 after the industry's downturns forced the cooperative to run more lean and mean.
With abundant opportunities today for growth through credit union mergers and acquisitions, organic growth may seem old school and pass?.
In issuing its corporate credit union rule at last month's board meeting, the NCUA did demonstrate that it was listening to the many concerns outlined at the town hall meetings that were held,
After reading the letter to the editor, "CU Founding Fathers Would be Disappointed in Today's Movement," in the Nov. 25 issue,
The financial services industry is weathering a storm of consumer doubt, fear and anger. In an era of decreasing loyalty,
St. Mary's Bank, Manchester, N.H., announced the promotions of Daryl J. Cady to executive vice president, chief operating officer and treasurer and Steven J. Macek to senior vice president,