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NCUA Selects CEFCU to P&A Valley CU

By Heather Anderson

SAN JOSE, Calif. - The NCUA has selected $3.6 billion Citizens Equity First Credit Union to purchase and acquire the assets of Valley Credit Union, according to a letter sent to Valley CU members yesterday from NCUA Regional Director Melinda Love.

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CU Euphoria Real But Follow-Through Critical

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December 15, 2008

FDIC Raises Premiums Due to Impact of Economic Woes

WASHINGTON - Saying that the increases in bank failures have caused a strain on the insurance system, the FDIC today announced a 7 basis point increase in premiums starting next year.

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December 15, 2008

NAFCU's Wai Predicts Fed Rate Cut Today

MADISON, Wis. - NAFCU economist Dr. Tun Wai is among those predicting the Federal Reserve Board will announce a rate cut when it concludes a two-day meeting today.

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December 15, 2008

Chrysler, More States Added to Michigan League's 'Invest' Auto Promo

LANSING, Mich. -- Chrysler Corp. along with eight more states are joining General Motors Corp. in the Michigan Credit Union League's auto financing program on price discounts and low rate loans, it was announced Tuesday.

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December 15, 2008

CO-OP Brings Real Time Falcon Decisioning Online

RANCHO CUCAMONGA, Calif. -- CO-OP Financial Services, the parent CUSO for the CO-OP Network of surcharge free ATMs, has added the ability for the Falcon fraud prevention system to decide whether or not to approve transactions in real time.

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December 15, 2008

ShareBuilder: Post Acquisition CU Alliances Here to Stay

BELLEVUE, Wash. -- Even though the number of credit unions served by ShareBuilder Corp. has declined since being acquired by ING DIRECT, the online brokerage firm is reassuring the industry that alliances are here to stay.

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December 15, 2008

Fed Cuts Interest Rate by 1/2 Point

WASHINGTON-- Responding to the continuing woes of the world's financial markets and the decline in prices, the Federal Reserve today cut a key interest rate to an all-time low.

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December 15, 2008

KV Members Opposed to CU Conversion, Merger Getting Organized

AUGUSTA, Maine -- Roughly ten members of the $51 million KV Federal Credit Union gathered at a members' home to discuss their dissatisfaction with a proposed plan to convert KV to a mutual bank charter and merge with a local bank.

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Top News Stories

NCUA Selects CEFCU to P&A Valley CU

CU Euphoria Real But Follow-Through Critical

Housing Starts Fall Again

Recommended Just For You

News Stories

FDIC Raises Premiums Due to Impact of Economic Woes

NAFCU's Wai Predicts Fed Rate Cut Today

Chrysler, More States Added to Michigan League's 'Invest' Auto Promo

CO-OP Brings Real Time Falcon Decisioning Online

ShareBuilder: Post Acquisition CU Alliances Here to Stay

Fed Cuts Interest Rate by 1/2 Point

KV Members Opposed to CU Conversion, Merger Getting Organized