News

The NCUA liquidated Tracy Federal Credit Union of Tracy, Calif. yesterday and accepted an offer from Valley First Credit to purchase and assume its assets.

A resurgent market and the popularity of credit union issued credit card is leaving issuing credit unions with the dual challenges, according to a leading executive with PSCU Financial Services.

NACUSO has awarded Ongoing Operations LLC its 2010 CUSO Collaboration and Innovation award.

Silver State Schools Credit Union of Las Vegas, which received a $22 million capital infusion last February from its private insurer, is closing five branches in June operating under a "consent order" from the state, it was disclosed Wednesday.

New York City Mayor Michael Bloomberg was one of the dignitaries who helped open the new ERDA Federal Credit Union in the Queens section of New York.

LAS VEGAS -- Among the most pressing challenges some CUSO executives are dealing with are funding access and a lack of buy-in from credit union management and staff.