News

Contending it needs to “focus solely” on its own members, Silver State Schools Credit Union is ending some of its shared branching operations in Nevada effective in August.

Proposed regulations governing incentive-based compensation punish credit unions, and the NCUA has provided inadequate rationale for its rules.

Credit unions showed improvements in several key indicators during the first quarter of the year, the NCUA reported.

Vehicle loan borrowers who incurred losses from the defunct Centrix Financial LLC’s indirect lending program are set to receive their share of a $2.6 million settlement, a Kansas judge recently ordered.

Editor's Note: This is a corrected version of the article that was published in the June 8, 2011, edition of Credit Union Times.

CUNA, NAFCU and NASCUS rewarded their leaders’ stewardship through challenging times last year.