News

ST. LOUIS -- NCUA senior staff today provided some insight into the direction the new corporate regulation will take.

Texans CUSO Insurance Group LLC said a court has approved all of its motions for relief after the company filed for Chapter 11 bankruptcy last week.

Nevada's top credit union regulator, George Burns disclosed that his office has issued "letters of understanding and informal cease and desist orders" to unidentified credit unions to bring them into balance sheet compliance.

Now that U.S. Central Federal Credit Union has released its 2008 audit natural person credit union members can finally close the books on other-than-temporary impairments incurred so far by the corporate network.

Dick Heins, retired CEO of CUNA Mutual Group and Dick Ensweiler, president of the Texas Credit Union League will be recognized in the National Credit Union Foundation's Herb Wegner Awards next year.

The Internal Revenue Service let yesterday's deadline for appealing the verdict against it in the lawsuit filed by Community First Credit Union pass without appealing.