More than five years after New London Security Federal Credit Union was liquidated, yet another delay could stall payments that some members claim are still due to them.
Mark Fetcher doesn’t care why New London Security Federal Credit Union failed back in 2008.
Ten credit unions establish collateralization pool, four cities commit to using it.
The advocacy for the release of CAMEL ratings continues to be in the news. In my opinion, any disclosure of a CAMEL rating is clearly misguided and runs contrary to the basic underpinnings of our banking system. Our banking system rests on a three legged stool: federal deposit insurance (and...
The national statehouse push by credit unions to win lawmaker support for enabling public funds deposit bills has moved to Ohio and Alabama.
As the liquidating agent, the NCUA said by law, it is the party, not members or others, to pursue actions first to recover monetary losses that followed the failure of New London Security Federal Credit Union.
Massachusetts credit unions can now accept deposits above the $250,000 insurance limit under a new law that went into effect last week.