ASI liquidates the $14M Illinois institution after declaring it insolvent.
NCUA Chairman Debbie Matz tells Congress the rule could have prevented 14 credit union failures.
The IBEW Local 816 FCU was ruled insolvent despite conflicting financial reports.
FBI agents confiscate 91 firearms from Linda Newcomb's home prior to her June 17 arrest.
The Richmond, Va.-based credit union can't recover net worth after recession losses.
Svetislav Vujovic is convicted on 13 counts for his role in a fraud scheme that cost the NCUSIF $186M.
Financial reports show no sign of financial distress.
Against a backdrop of a groundswell of support to expand business lending authority, one outcome is becoming an unfortunate black eye on those efforts.
A bulletin released last week by the FBI revealed the reason the NCUA seized the $52 million Broome County Teachers FCU of Binghamton, N.Y., in June of 2011. Loan fraud.
The Financial Accounting Standards Board recently released a proposed accounting standards update for financial instruments concerning new financial statement disclosures of liquidity risk and interest rate risk. The proposal is one portion of a joint project between FASB and the International Accounting Standards Board on the subject of accounting for...