News

Mark McWatters has been cleared to become the next member of the NCUA Board.

The NCUA approved 32 mergers in April, up from the 22 mergers cleared by the federal agency in April 2013.

Payments processor First Data Corp. said it has received $3.5 billion in new investment, financially stabilizing the firm and reducing its debt burden.

It was more than five years ago March 2009 when the NCUA seized WesCorp and U.S. Central, and thus began a shakeup that would completely redraw the map of corporate credit unions and their spokes. That story has been told, extensively, in CU Times.

The SBA has promised credit unions and other lenders that they can say goodbye to fax machines and mountains of paperwork.

At Service Credit Union, don't hold your breath waiting for Chief Risk Officer Ana Foret to dismiss every initiative as too risky.