media reports

  • Greylock FCU CEO Resigns

    The $1.3 billion Greylock Federal Credit Union, headquartered in Pittsfield, Mass., is focused on damage control and recovery in the wake of a series of revelations and resignations from some of its leaders.

  • New London FCU Auditors Deny NCUA Malpractice Claims

    In response to an NCUA complaint, the auditors for New London Security Federal Credit Union have denied claims of professional malpractice for the cooperative that was liquidated in 2008.

  • CU Grew Strongly Under Convicted CEO

    The currently $1.3 billion Greylock Federal Credit Union grew from being a $760 million credit union under the guidance of its former CEO, Angelo Stracuzzi, who resigned on June 11.

  • Georgia CUs Stable Amid Examiner Cuts

    Georgia may be the nation's ground zero for having the highest number of bank failures-32-but state-chartered credit unions seem to be weathering the storm in good shape.

  • FIS Up for Leveraged Buyout?

    A private equity firm, the Blackstone Group, has launched talks to possibly take over FIS, the card processor for the majority of the nation's card issuing credit unions.

  • Credit Union Offers $10,000 for Tip on Mummy Robber

    The $3 billion Desert Schools Federal Credit Union has offered $10,000 for tips leading to the arrest of a robber who entered the credit union on crutches and wrapped in bandages.

  • Dodd's Bill Calls for Consumer Agency in Fed

    The new regulator of consumer financial products would be housed in the Federal Reserve and would have the ability to write rules, but most of enforcement would be done by the safety and soundness regulator.

  • CU Friend Ellsworth to Seek U.S. Senate Seat

    Rep. Brad Ellsworth (D-Ind.) who has enjoyed strong support from credit unions during his two terms in the House of Representatives, is going to announce his candidacy for U.S. Senate, according to several media reports.

  • Obama to Announce Housing Assistance Plan

    President Obama is scheduled to unveil a plan later today that will provide $1.5 billion to state and local housing agencies in five states so they can provide additional relief to homeowners in danger of losing their homes, according to media reports.

  • Senate Confirms Bernanke for Second Term

    After considerable arm twisting by the White House, the Senate today confirmed Federal Reserve Chairman Ben S. Bernanke for a second term as head of the nation's central bank.

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