The Temporary Corporate Credit Union Stabilization Fund receives sixth consecutive clean audit opinion.
The NCUA board-managed stabilization fund reaches a first-ever positive net position.
WASHINGTON - Suncoast Credit Union will fund consultants to help fellow financial cooperatives gain CDFI certification.
WASHINGTON - New CDFI Fund Director Annie Donovan makes budget a top 2015 priority.
In January, 16 individuals were indicted in a $10 million federal income tax fraud scheme that was initially uncovered by the $262 million Widget Financial Federal Credit Union in Erie, Pa. last spring, according to federal prosecutors.
Widget Financial FCU uncovers $10M scheme by individuals who tried to open 3,493 accounts at 443 banks and credit unions.
A total of $12,820 in civil money penalties will go to the U.S. Treasury.
Texas Congressman says CFPB should choose a less costly alternative such as selling the building to the highest bidder.
Stabilization Fund and other obligations must be paid before regulator can pay credit unions.
ARLINGTON, Va. — A U.S. Treasury official who spoke at a symposium on credit union cybersecurity reiterated that credit unions should be doing more to defend their operations against attacks.