News

After 65 years of serving the community, the $171 million Simpson Community Credit Union is changing its name to Our Community Credit Union. The change was effective as of Sept. 1.

Centrix Files Bankruptcy The financial troubles at indirect, subprime lender Centrix culminated last week with a bankruptcy filing. See page 4. NCUA Board Meets After its typical break in August, the NCUA Board reconvened for its September meeting. Find out what was on tap in the story on page 4.

The financial troubles of Centrix Financial, the indirect lender of subprime loans, culminated last week in a Chapter 11 bankruptcy filing in a Reno, Nev. court coming less than two weeks after the once high flying firm announced its sale to an East Coast investor group, which included its CEO,...

One question NCUA Board Member Gigi Hyland said she often gets asked by credit unions during her many travels is on the process of becoming a lender with the Small Business Administration.

Membership gains for the remaining three months of the year will likely be slower due to indirect loan runoff and membership management, industry data shows.

Two heads are better than one, it's said. Just ask the credit unions making the switch to a clustered server environment.