News

A pending trip to attend a conference of Russian and Eastern European credit union leaders is giving Clifford Rosenthal, the Executive Director of the National Federation of Community Development Credit Unions a chance to feed some of his Russian roots.

Colorado Commissioner of Financial Services Chris Myklebust said today, "NCUA is calling the shots" on when and if the agency would start a bidding procedure in spinning off the troubled $400 million Norlarco Credit Union of Fort Collins now in a so-called "daylight conservatorship."

Colorado Commissioner of Financial Services Chris Myklebust said today, "NCUA is calling the shots" on when and if the agency would start a bidding procedure in spinning off the troubled $400 million Norlarco Credit Union of Fort Collins now in a so-called "daylight conservatorship."

In a new twist to NCUA's takeover of two Colorado credit unions, the state's largest, the $1.5 billion Bellco Credit Union, is waging a bold media bid this month to woo former New Horizons Community members to switch institutions.

Winners of the various challenges associated with the annual Credit Union Cherry Blossom 10-Mile Run in Washington, D.C. were presented their awards recently.

PSCU Financial Services, the card processing and payments CUSO for over 500 credit unions which use the First Data Corp. card platform, is rolling out a new effort that is aimed at helping member CUs develop people, as young as age 12, as CU members.