News

The $627 million-American First Credit Union is suing to recover against at a member who defaulted on a 2008 Lamborghini Gallardo, and owes nearly $226,000 plus interest according to legal documents filed in Orange County, Superior Court.

Reality TV star Simon Barney, who stars along with wife Tamra in the Bravo show The Real Housewives of Orange County, is being sued by the $627 million American First Credit Union to recover against a delinquent exotic car loan.

Since June 2008, the membership growth rate at the $2 billion Wings Financial Federal Credit Union has been on a steady decline providing more possible proof for the financial institution wanting to convert to a state charter.

New details were spelled out today on expansion of the Invest in America program to include discounts and financing benefits on RVs under an agreement set to start Sept. 1 with Thor Industries, the nation's largest producer of the vehicles.

Eight people have been banned by the NCUA from working at federally insured financial institutions because of their past actions while working for a credit union.

The Pennsylvania Credit Union Association reacted quickly last week in opposing a proposal to eliminate the tax exemption for credit unions and other nonprofits.