News

The Department of Defense has released its final regulation capping interest rates--and creating a new Military APR--at 36% on payday loans, vehicle title loans, and tax refund anticipation loans.

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.