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.