News

Borrowers who claim they were fraudulently lent money by the now failed Huron River Area Credit Union have sued NCUA in an attempt to stop the agency from collecting on the allegedly fraudulent loans.

Credit unions and banks today lost another round in the fight for control of student loans today when the House voted 253-171 to approve the Obama administration's plan to replace the Federal Family Education Loan Program with direct student lending.

With Colorado's Rocky Mountains as a backdrop, the CUNA leadership climaxed the movement's year-long 100th anniversary celebrations with an all-day ceremony to mark CUNA's founding 75 years ago.

CUNA Mutual Group said it is selling the majority ownership of its independently managed affiliate The CUMIS Group Ltd. to a business partner of the Canadian company and a Canadian credit union central.

Consumer prices increased 0.4% last month, the Labor Department reported today.

Kentucky Employees Credit Union will be converting to a core processing system from Share One, the credit union and Memphis-based tech CUSO said.