News

When attendees at NAFCU's annual conference spend Friday afternoon watching the Cardinals-Cubs game, they will see a part of history in the making. The teams compete for loyalty among fans and rich histories that are rife with symbolism.

Members of the $252 million Midwest Corporate FCU have decided the fate of their cooperative: liquidation.

Richard Koenig, the former chairman of Central States Mortgage Corp. a bankrupt Milwaukee CUSO and ex-CEO of the $144 million Prime Financial CU of Cudahy, Wis. has been barred from the industry by the NCUA under a consent order issued Thursday.

A new report from the National Consumer Law Center suggests that the push to have more social security benefits deposited directly in recipients accounts has made those recipients vulnerable to payday lending.

The impending takeover of the ailing Norbel Credit Union in Colorado by a Texas CU triggered a shakeup Tuesday in an advisory governing council of the National Association of State Credit Union Supervisors.

Five members of the defunct New London Security Federal Credit Union have filed a lawsuit to recoup $4 million claiming board members, staff and the CU's accounting firm among others were negligent in supervising its financial adviser.