News

The $4 billion Mid-Atlantic Corporate FCU today released on update on the progress of its new membership structure, which has resulted in capital conversion agreements that total nearly $116 million.

Credit unions that want to be considered as potential merger and purchase and assumption partners will be able to sign up for a registry that the NCUA is developing, NCUA Chairman Debbie Matz announced.

The $1.3 billion Polish and Slavic Federal Credit Union has announced its most recent round of scholarships, saying it distributed $300,000 to 298 students.

The SEC has adopted new rules that curb campaign contributions to elected officials from investment advisers who give with the hope of getting lucrative contracts for the management of public pension plan assets.

The move to move more government benefits to cards and away from checks has taken a hit after the Los Angeles Times reported that some beneficiaries are using their cards at casinos and strip clubs.

When the NCUA announces the NCUSIF assessment to cover losses at natural person credit unions in September, it will probably be between six and 10 basis points of insured shares, according to CUNA Chief Economist Bill Hampel.