News

Corporate credit unions shouldn't be able to concentrate their money in long-term investments and should focus their activities on payments, settlement, short-term investments and liquidity, CUNA wrote NCUA yesterday.

Approximately 450 individuals and organizations filed comment letters with the NCUA on changes to the structure of corporate credit unions, the agency said today.

Not releasing any specific details on where things currently stand, Eastern Financial Florida Credit Union would only say it is working quickly to rectify its problems.

BASTROP, Texas - Addressing credit union executives attending CO-OP Financial Services' THINK 09 conference, former NCUA Board Chairman Dennis Dollar said the current economic downturn had made a 1% return on assets an impossible standard.

BASTROP, Texas - A new study has found that credit unions that use shared branching services have a higher profitability than those who do not.

The confession of a man in the robbery of a Pennsylvania credit union was thrown out by the U.S. Supreme Court today because authorities waited too long to bring him to court.