The NCUA has added several correspondent services to the list of incidental powers that federally chartered credit unions have.
Faulty real estate loans and southern Wisconsin's high unemployment were key factors in the failure Wednesday of the $137 million First American CU and its subsequent FCU takeover, the state's top regulator said Thursday.
A credit union leader who arrived in the U.S. as a 14 year old political refugee has been recognized with the 2011 Herb Wegner Memorial Award for Lifetime Achievement.
In what has become a relatively rare move, a Washington area credit union has sold its credit card portfolio to an agent-issuing bank.
A line of credit from a credit union to a mortgage company is a member business loan because the company assigns liens to family dwellings to secure the line of credit, NCUA Associate General Counsel Sheila Albin wrote in a legal opinion.
NW Preferred Federal Credit Union has found its new leader within its walls.