Credit Union Times | Accurate and Timely CU News

Fed and Other Regulators Say NCUA Notes Are No-Risk

By Claude R. Marx

The mortgage-backed securities from the conserved corporate credit unions that the NCUA is selling have 0% risk and are backed by the full faith and credit of the government, the Federal Reserve and three other regulators concluded.

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1,000 Students Expected for Ohio League 'Reality' Show

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Phishing Attacks Spreading Their Reach

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October 12, 2010

Mich. Name Dispute Ends

A trademark infringement dispute has been settled between Michigan First Credit Union and First Michigan Bank.

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October 12, 2010

NCUA: Risky Investments, Poor Oversight Caused Two Nevada Failures

Poor decisions by management, including risky investments and inadequate oversight by examiners, caused the failure of Ensign FCU and Clearstar Financial CU, which cost the NCUSIF $42 million, according to reports.

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October 12, 2010

Navy, Crane to Open New Military Branches

Navy Federal Credit Union and Crane FCU of Indiana are moving next month to add new branches at military bases.

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October 12, 2010

Corporate Actions Called a 'PR Debacle' as Bailout Charges Go Viral

The online fallout from the "Credit Union Bailout" headlines continued last week.

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October 12, 2010

Pennsylvania League Renews iBelong Campaign and Cuts CU Assessments

After the NCUA remade the corporate system, the Pennsylvania Credit Union Association wasted no time in renewing its financial commitment to iBelong, its three-year-old awareness campaign aimed at growing CU membership.

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October 12, 2010