Half use the funds to launch a new product or service, the NCUA says.
The 84 credit unions that face fines for late call reports can sign a consent form and pay fines. Or, they can fight them and pay dearly.
Eighty-four credit unions face fines up to $106K for late call reports. Fighting the NCUA could cost them.
Loan funds win the majority of community development grant monies, not credit unions.
DETROIT – A new report says CDFI credit unions compare favorably to mainstream ones in key metrics.
The credit unions didn't file required reports with the U.S. Treasury.
One young CEO says he first heard about the problem from CU Times.
One in seven of you don’t turn your 5300 Call Reports in on time. Why not?
Money from the U.S. Treasury Department’s Community Development Financial Institutions Fund’s latest round of funding will help credit unions offer members alternatives to high cost payday and auto loans, improved savings options, financial education and loans to bring fresh food into neighborhoods that currently do not have any, according to...
The theme of the news this week has been underdogs winning their battles by scrapping it out for what’s right. From credit unions to regulators, these unexpected victors deserve to bask in their spoils of the moment.