More of the costs left over from failed corporate credit unions will hit most existing credit unions in late September. The NCUA Board approved assessing federally insured credit unions an additional 25 basis points of insured shares to help foot the bill for the Temporary Corporate Credit Union Stabilization Fund.
Forget the debate over whether or not a credit union should keep offering free checking accounts, there are signs credit unions may eventually have to decide whether or not to charge their members fees for holding deposits.
North Carolina's State Employees' Credit Union took a top national honor for programs like this that reached nearly 64,000 students in the past year.
Sundie Seefried , the CEO of Partner Colorado Credit Union, is sick of it and made it plain that she for one is not going to take the blame for hurting small credit unions.
Nation's second-largest credit union said now is not the time, except for taxes, child support, alimony and fraud.
Credit unions have a large stake in the debate over how to reform the secondary mortgage market but may need exceptional patience and endurance to see it through to the end.
Hurry up and wait. That’s what credit union leaders and compensation experts are doing as they await the final rules from the NCUA and other regulators on incentive-based compensation.
When Marc Coburn reads reports indicating as many as 21,000 government employees in North Carolina may face layoffs later this year, it hits home.
The founder of an international microlending bank, which has a United States affiliate that was considering opening a federal credit union in North Carolina, is in the middle of an internal power struggle.
The $22 billion State Employees' Credit Union has begun to prepare for what it expects may be a significant increase in the number of members seeking mortgage loan modifications.