News

The $1.8 billion HarborOne Credit Union has received at least a partial settlement from the TJX Company over the damages it suffered during that firm's 2007 card security breach.

The NCUA could face an uphill battle from those who hold the majority of credit union assets when it comes time to recapitalize the corporate credit union system.

Corporate credit unions going forward should have only one tier, offer a more limited set of products and services than they do now and have their membership limited to natural person credit unions that acquire tier one capital based on asset size.

While the past year has been great for credit union auto lending business, it can't always be just about the party.

Since applying for a federal credit union charter in February, micro-lending bank Grameen America continues to make connections in North Carolina on serving poor people neglected by mainstream financial institutions.

CUNA and NAFCU's Corporate Credit Union Restructure Policy Task Force recommended that corporate credit unions should restrict the products and services they offer to short term investment products and payment processing and settlement services.