News

First Dan Mica went and he will soon be followed by Edward Yingling.

NAFCU is renewing its push with the Federal Trade Commission to give federal credit unions an exemption from premerger notification rules and accompanying fees under the Hart-Scott-Rodino Act.

With the recent proposed merger announcement from $2.7 billion Wings Financial Community Credit Union and $41 million Highgrove Community Federal Credit Union, the pool of small credit unions just got a little smaller.

The accounting firm that reviewed the financials and performed audits of the defunct New London Security Federal Credit Union's records has denied claims that it failed to detect fraudulent activity, an allegation made by NCUA in a March 19 complaint.

Dave Serlo, longtime CEO of PSCU Financial Services and the CUSO's first employee, passed away from the complications of cancer on June 25. He was 63.

Although the funding process is nowhere near complete, it appears that fewer than 100 credit unions may wind up receiving any money from the U.S. Treasury's Troubled Asset Relief Program.