News

The FDIC Board voted in favor of a one-time credit totaling $4.7 billion for qualifying banks and thrifts under the Federal Deposit Insurance Reform Act of 2005.

Mountain America Credit Union was profiled in the October edition of Entrepreneur magazine for its financing help to small businesses.

In what might be a first for Canada, Credit Union Central of Ontario and Credit Union Central of British Columbia are in discussions to create a national lending and investment entity that would serve the entire country.

The National Credit Union Foundation has recognized a program presented jointly by the $156 million Prospera Credit Union, headquartered in Appleton, Wis., and charity Goodwill Industries with the Herb Wegner Outstanding Program award. The program, called GoodMoney, offers an alternative to payday loans and check cashing services from the inside...

Members First Credit Union is spreading out.

A $2.4 million grant from the U.S. Agency For International Development will help the World Council of Credit Unions create a new forum for Bolivian credit unions to collaborate with microfinance entities.