News

Director travel expenses are an internal issue based on credit unions' own net numbers, the chairman of the New Jersey Credit Union League, Shawn Gilfedder, said Wednesday regarding a pending whistleblower's suit against First Jersey CU.

Brad Barnes, vice president of finance at Air Academy Federal Credit Union, said he expected the NCUA to "make their next big announcement" or face a firing squad of tough questions from CUNA CFO Council conference-goers.

American International Group Inc. has been ordered to distribute $843 million to more than 257,000 of its investors following an SEC accounting fraud enforcement action.

To combat a low penetration rate on transaction accounts, Pacific Service Credit Union has launched four new checking accounts.

The Senate last night followed the House's action earlier in the day and passed a bill that that includes a temporary stabilization fund for corporate credit unions.

Credit unions can now invest in two-year certificates of deposit in the National Credit Union Foundation's Community Investment Fund with all principal and quarterly fixed-rate dividend payments throughout the entire term guaranteed by the NCUA.