News

Some of the credit unions that lost money when US Mortgage CEO Michael McGrath fraudulently sold some of their loans to Fannie Mae have made progress in coming to a settlement with the mortgage giant and CUNA Mutual Insurance.

An iPad application for credit unions made its debut this week.

The $312 million Connexus Credit Union of Wausau, Wis. announced Monday it expects to complete the merger of the $3 million Wausau City Employees CU by June 1.

As required by the Pension Protection Act of 2006, the IRS is reminding tax-exempt nonprofit organizations they are required to file their Form 990 by May 17 or risk having their federal tax-exempt status revoked.

A private equity firm, the Blackstone Group, has launched talks to possibly take over FIS, the card processor for the majority of the nation's card issuing credit unions.

In a Huffington Post editorial, U.S. Secretary of the Treasury Timothy Geithner, U.S. Secretary of Education Arne Duncan and Senior Advisor Valerie Jarrett singled out Apple Federal Credit Union liaison Terri Carson.