News

The April 17 release of the NCUA's PIMCO summary was a disappointment to those hoping for specific information about which corporates were responsible for what percentage of the system's $5.9 billion worth of charges to the share insurance fund.

There was more bad news last week for credit union meetings and travel.

Credit unions wanting to streamline their operations and cut their costs should consider collaborating with other credit unions to meet their shared needs, according to a new report from the Filene Research Institute.

During any conservatorship, including Eastern Financial Florida Credit Union's, NCUA said it considers all options such as a merger or liquidation, ultimately choosing the one that will be the least costly.

CUNA, joined by state leagues and regulators, were mounting a major communication effort Tuesday to provide resource links and disaster preparation materials for CU employees and members in connection with the swine flu outbreak.

The Florida Bankers Association is livid over the idea of a potential $3 billion dollar merger between Space Coast Credit Union and Eastern Financial Florida Credit Union.