News

In Pennsylvania, the chasm between credit unions and small community banks looks to be getting smaller-at least where it comes to operations and training.

Credit unions regularly tout the fact that they offer a better deal, so Michigan State University Federal Credit Union is working to prove that with a $1 million challenge.

Royal Credit Union's second CEO, Charlie Grossklaus, has announced his plans to retire from the Eau Claire, Wis.-based credit union effective Jan. 2, 2012.

An NCLC report describes how many for-profit schools began making costly private student loans after third-party lenders terminated their partnerships with the schools following the credit crash.

The fundraising campaign of the deeply troubled Mission SF FCU of San Francisco to avoid a collapse or merger picked up again last week with new appeals by CU management to meet a new $200,000 capital goal by March 15.

When the NCUA issues guidance to credit unions on the new rule mandating financial literacy for board members, it should apply the rule narrowly and be "flexible in the rules application and enforcement," NAFCU President Fred Becker wrote in a letter.