News

The U.S. District Court for the Middle District of Pennsylvania denied a motion by the American Bankers Association and other plaintiffs in its lawsuit against NCUA regarding its approval of a community charter for Members 1st Federal Credit Union and subsequent others.

With an eye toward gaining wider exposure on public TV, the credit union consortium putting on the "JA's BizKid$" broadcasts have set a January timetable for debut airing, the new chairman of the Washington Credit Union League said today.

Affinity Federal Credit Union is getting the word out about the importance of financial literacy by supporting the 2007 Somerset Leadership Project, Tools and Techniques for Teaching Financial Literacy, A Symposium for New Jersey Educators and Non-Profits.

Following its basic model on failed credit unions, NCUA remains in control on the outcome of the $268 million Huron River Area Credit Union of Ann Arbor, Mich. with no move so far to alter its status, a top Michigan regulator said today.

Following its basic model on failed credit unions, NCUA remains in control on the outcome of the $268 million Huron River Area Credit Union of Ann Arbor, Mich. with no move so far to alter its status, a top Michigan regulator said today.

Standard & Poor's Ratings Services recently announced that it has found the corporate credit union system relatively healthy, but competitive pressures and "isolated cases of increased risk taking" are causing concern.