News

The United States Air Force has awarded its 2010 Air Force Credit Union of the Year honor to Harborstone Credit Union for its commitment to military personnel and their families.

Citing its "declining financial condition," the NCUA liquidated Industries Puerto Rico FCU, and Borinquen Community Federal Credit Union purchased and assumed its assets, loans and shares.

Cybercriminals don't need to spend much to buy the tools they need to steal millions of dollars from compromised banking and payment card accounts in the weeks ahead, according to a new report.

KCT Credit Union is warning its members about fraudulent, recorded phone calls requesting account information and said it has opened a case at its hometown Elgin, Ill., police department.

The regulators have approved the proposed merger between City-County FCU and Wings Financial Credit Union.

The Senate is expected to break its impasse on a small business lending bill--which includes a $30 billion fund to encourage community bank lending--but without a provision to raise the cap on member business loans from 12.25% to 27.5% of assets.