News

Open Lending Inc. has inked a deal with AmTrust Financial Services Inc. to become the insurance provider for a program that provides default insurance coverage for credit union auto loans.

The Michigan Office of Finance and Insurance Regulation has stopped a $5 million Ponzi scheme involving an independent contractor licensed through CUSO Financial Services LP who worked from MidWest Financial Credit Union.

NCUA announced this afternoon that it has liquidated the $2.5 million Lawrence County School Employees Federal Credit Union, which had been headquartered in New Castle, Pa.

The National Credit Union Administration has extended the expiration date of the Temporary Corporate Credit Union Share Guarantee Program another quarter, through June 30, 2012.

With an eye on making banking easy and convenient for members, Michigan First Credit Union has added a Twitter alert to its personal finance management toolkit.

Severe winter weather in parts of the country coupled with continued unease about the economy caused a 7% decline in pending home sales, according to the National Association of Realtors.