News

NEW YORK -- Two leaders of community development credit unions have been recognized by the National Federation of Community Development Credit Unions for their persevering community development work.

Clifford Rosenthal, the executive director of the National Federation of Community Development Credit Unions has been honored with the naming of a new community center in a part of New Orleans hardest hit by Hurricane Katrina.

Freedom First Federal Credit Union and the credit union community have donated $111,328 to the Freedom First FCU Virginia Tech Memorial Fund.

The NCUA Board last week exhibited its unanimous support for the Prompt Corrective Action proposal currently included in the Credit Union Regulatory Improvements Act (H.R. 1537).

After 70 years with the same moniker, Honolulu City & County Employees Federal Credit Union will soon be known as Aloha Pacific Federal Credit Union.

Credit unions with Wal-Mart branches are now undergoing a reality check and may have to "dance with the devil" when it comes to dealing with the retailer and its planned rollout announcement last week of 1,000 "Money Centers," the president/CEO of the $750 million Tropical Financial Federal Credit Union said...