News

Ed Jacob, CEO of the $9.2 million North Side Community Federal Credit Union is leaving the institution to take a job outside the credit union industry.

Under a new SEC proposal, large traders would be issued a unique identification number so that their broker-dealers could maintain transaction records in an effort to stop illegal trading activity.

Eleven years after the now-defunct Eastern Airlines first flew the skies from its Miami-based hub, a credit union chartered to serve the carrier's employees made its debut.

With an August target date, two Seattle credit unions, the $228 million Prevail Credit Union and the ailing $32 million Transportation Northwest CU, are preparing to merge.

The SBA has received an additional $80 million to support its 7(a) and 504 loan programs to keep capital flowing to small businesses.

Pressure from regulators to increase earnings has lead the board of Missouri Corporate CU to lower its overnight dividend rate to 0%, effective May 1.