A leaked report covered by the Wall Street Journal looks at 50 credit unions susceptible to money laundering.
Heather Anderson’s Oct. 2 article, The Lowdown on Serving Low-Income Populations: Executive Editor’s Column, presented an honest and unbiased view of the challenges in providing financial services to less-affluent members of society: the population the credit union movement came into existence to serve.
Of the 2,000 credit unions located in the path of Hurricane Sandy, 838 were unable to operate, in varying degrees, during the difficult days following the super storm, according to the NCUA. And it took nearly a full week before most of those credit unions were be back in business...
The aftermath is “unthinkable devastation” said New Jersey Gov. Chris Christie when describing the massive destruction left behind by Hurricane Sandy that blasted the East Coast in the evening of Oct. 29. The monster storm caused massive flooding throughout New Jersey, New York and Connecticut, igniting fires that destroyed...
Credit unions across the greater New York City area suffered a wide variety of different damage from the superstorm and with different levels of response.
The Credit Union Executives Society has named Martin D. Gillis, board chairman at Windsor Family Credit Union, Windsor, Ontario, as the 2012 CUES director of the year.
Twenty-four credit unions or credit union organizations received grant assistance from the U.S. Treasury Department’s Community Development Financial Institutions Fund in the latest round of funding.
As an electrical engineer, Fred Fernandez never imagined when he was just lending a hand at Bethex Federal Credit Union that it would lead to a permanent career.
Thanks to funding from Bethex Federal Credit Union, a member was recently able to purchase the building that houses South Bronx businesses.
The $16 million Bethex Federal Credit Union has won an award that will bring it an additional $25,000, the credit union said.