Saying it only received $369.9 million in pledges, the NCUA announced last week that it will not go forward with the program allowing credit unions to prepay some of their assessments on the cost of
Credit unions dodged a taxation bullet with the latest spending reduction package, but it remains to be seen how long their luck will hold.
Credit union executives planning credit card marketing and issuing strategies for 2012 and 2013 may want to factor a new study from TransUnion into their deliberations.
ALEXANDRIA, Va. — Before Robert Fenner joined the NCUA as a staff attorney immediately after graduating from George Washington University Law School in 1974, he “didn’t even know what a credit union was.”
The plight and protection of small U.S. credit unions came in for new scrutiny last week following a controversial think tank study by Celent, the Boston research firm, finding that CUs under $50 million are fast disappearing under the weight of tech products, competition, compliance and their own “inefficiencies.”
A new myCUsurvey report says that when it comes to credit unions, members are looking for a true banking alternative.
Second suit against RBS Securities seeks $685 million for mortgage-backed securities sold to WesCorp.
Contrary to conventional wisdom, as the nation moves through an extended housing downturn, a number of credit unions have found themselves faced with significant amounts of REO.
The $8.1 million Vensure Federal Credit Union, the Arizona credit union that at one time made most of its money by processing transactions for Internet poker sites, is no more. The NCUA announced it has liquidated the Mesa-based credit union on July 11, the same day a court case...
There is, we are told, no such thing as a free lunch. For the NCUA, however, there may well be free money.