The campaign to save the deeply troubled Mission SF FCU of San Francisco entered a critical stage this week with at least one Bay Area CU, the $73 million Self-Help of Oakland, identified as a prospective merger partner.
Greylock Federal Credit Union, Pittsfield, Mass., announced the appointment of two new executives to its risk management team.
Nearly seven years after Whatcom Educational Department Credit Union expanded its business services department, the CU is tasting the fruits of its labor.
When Thomas White moved into the CEO's office at Rockland Federal Credit Union in 1994, some people might have questioned his decision to take on the job.
A federal grand jury indicted a St. Paul Croatian FCU member for bank fraud and money laundering that cost the credit union $2.5 million and led to its eventual closing.
It was a little more than a year ago when the NCUA threw its support behind an advisory that encouraged workouts on commercial real estate loans.
Regulators pulled the plug on a Salt Lake City credit union that had been a candidate to change its charter to that of a mutual bank.
Net income and net worth increased at federally insured credit unions during the third quarter, but overall lending was flat and the rate of member bankruptcies increased over last year, according to data released last week by the NCUA.
If the NCUA and state examiners had been more aggressive in their oversight of 10 failed credit unions and management had been more effective and taken fewer risks, losses to the
Net income and net worth increased at federally insured credit unions during the third quarter but overall lending was flat and the rate of member bankruptcies increased over last year, according to data released today by the NCUA.