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By David Morrison |
August 31, 2010
The court extended the deadline for further written arguments between the organizers and volunteers of the at least partially liquidated Kappa Alpha Psi Federal Credit Union and the NCUA.
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By Sarah Snell Cooke |
August 25, 2010
We all make tough business decisions where there is no black and white, only shades of gray.
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By David Morrison |
August 25, 2010
Despite ongoing federal court proceedings addressing its actions, the NCUA has moved forward with the liquidation of the $780,000 Kappa Alpha Psi Federal Credit Union.
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By David Morrison |
August 18, 2010
Kappa Alpha Psi Federal Credit Union, a predominantly African-American community development credit union headquartered in Addison, Texas, is fighting an NCUA liquidation order in court.
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By David Morrison |
August 17, 2010
Lawyers for the NCUA and the now closed Kappa Alpha Psi Federal Credit Union have asked U.S. District Judge Emmet Sullivan to reschedule deadlines for their briefs and to postpone when he will hear arguments in their case.
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By David Morrison |
August 16, 2010
NCUA sent the Kappa Alpha Psi Federal Credit Union three non-published Letters of Understanding and Agreement since April 2008 before it finally issued its Aug. 3 liquidation order, according to the agency's records.
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By David Morrison |
August 12, 2010
NCUA has until Friday at 12:00 pm to explain to the U.S. District Court for the District of Columbia why the court should not prevent it from liquidating the Kappa Alpha Psi Federal Credit Union.
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By Claude R. Marx |
August 10, 2010
The NCUA is urging a federal court to uphold its liquation of Kappa Alpha Psi FCU while the credit union claims it had taken steps to improve its financial condition.
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April 28, 2010
Poor recordkeeping and unsafe loan practices are among the conditions that officials of Kappa Alpha Psi Federal Credit Union agreed to improve in a letter of understanding and agreement with the NCUA.
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By Claude R. Marx |
April 20, 2010
Poor recordkeeping and unsafe loan practices are among the conditions that officials of Kappa Alpha Psi Federal Credit Union agreed on in a letter of understanding and agreement with the NCUA to improve, according to documents released today by the NCUA.
