Lending

AEA Federal Credit Union in Yuma, Ariz., announced today it has been notified that the FBI has filed criminal charges with the U.S. Attorney's Office alleging fraudulent actions on the part of its former vice president of business services.

The coming year's executive committee and officers for the CUNA Lending Council were recently named at the council's annual meeting in Las Vegas.

Increased NCUA assessments coupled with more deposits and slower loan growth have put considerable strain on credit unions and they fear the impact of higher regulations, according to a report NAFCU presented to the Federal Reserve Board today.

One of the former managers of North Star Business Services LLC has said charges in a suit recently filed by the NCUA for alleged fraudulent payment collection are false.

With an eye at strengthening credit union ties with dealers, the Invest in America loan discount program has set up a new cash-back offer with General Motors.

The American Credit Union Mortgage Association took the message of credit union mortgage originators into the heart of