News

Broker-dealer PrimeVest Financial Services has signed on the $5.2 billion American Airlines Federal Credit Union to provide investment and insurance solutions.

The failure of U.S. Central Federal Credit Union was caused by the risky investment practices of its management and by insufficient examinations by the NCUA and weak regulation.

The NCUA announced the dates of its 2011 board meetings.

ALEXANDRIA, Va. -- Well-capitalized CAMEL 1 and 2 federal credit unions will have stricter rules on fixed assets, stress testing and member business loans, as a result of the NCUA Board's decision today to change regulatory flexibility in several areas.

Secondary mortgage giant Fannie Mae is suing insurance companies in at attempt to collect money it said it is owed because of losses in the U.S. Mortgage fraud.

Environmental professionals who specialize in helping consumers improve their homes' energy efficiency say credit unions have an opportunity to step into a growing market in green finance.