News

The $18 billion Western Corporate Federal Credit Union last week announced $356 million in other-than-temporary-impairment charges.

Gesa Credit Union is gearing up for the November launch of its first investment program.

CUNA Mutual Group is adapting with the times and has launched a new employment practices liability coverage and risk management offering.

The SBA said it has proposed increasing size standards for 71 types of businesses with most in the retail, hotel and food service sectors in an effort to open access to its programs.

Call it yet another sign of the impact of harder times on the economy. The Mortgage Bankers Association has puts its award-winning Washington headquarters building on the market less than year after the association bought it.

John Walsh, who served as chief financial officer of Affina Brokerage Services LLC, has pleaded guilty to embezzling more than $2.5 million from USAlliance Federal Credit Union, which owns the subsidiary.