News

CUNA, NAFCU and several bank groups are asking a federal judge if they can file a friend-of-the-court brief on behalf of a bank that is challenging the constitutionality of the law, giving the Federal Reserve the power to regulate interchange.

The boards of federal credit unions can delegate hiring, firing and compensation functions to the executive committee and, within limitations, to the CEO, according to NCUA General Counsel Robert Fenner.

Eight months after the president/CEO of Credit Union of Atlanta was fatally shot by an undercover sheriff’s detective in New Jersey, the case is scheduled to go before a grand jury by May.

They weren’t mobile banking apps, but Google’s removal of a reported more than 50 infected applications from its Android Market might be a sign of things to come.

Vance Moore II, the leader of a conspiracy that bilked investors out of tens of millions of dollars in an ATM fraud, has been sentenced to 97 months in a federal prison.

Two outsourcing providers of the Symitar core processing platform said they have signed new credit union users of their services.

Two outsourcing providers of the Symitar core processing platform said they have signed new credit union users of their services.

Two Seattle area credit unions, the $564 million Watermark CU and the $544 million Sound CU of Tacoma, are planning a summer merger, creating the state’s fourth largest CU.