News

CUNA Mutual Group said Friday it plans to convert from a mutual insurance company structure to a mutual holding company structure.

ALEXANDRIA, Va. — FCUs seeking low-income designation can use statistically valid samples of member incomes drawn from loan files or member surveys to back up their case, the NCUA Board said Friday.

ALEXANDRIA, Va. — More FCUs might make use of derivatives as a means of protecting against interest-rate risk under rule the NCUA board proposed Friday.

CEO Courtland Crochet says decision to merge with big CU followed year of consideration and pileup of regulations and compliance burdens.

Citing changed economic times, Wells Fargo has announced that it will stop originating reverse mortgages, a product that some credit unions originate.

Deposits of capital will help community development credit unions make loans across country.