News

Modifying the investment rules to allow credit unions to invest in debt instruments on which principal and interest are NCUA guaranteed will make it more likely credit unions will be able

An executive with the $4.3 billion Alaska USA Federal Credit Union said the CU had long planned on returning to shared branching in the California branches it acquired from Arrowhead FCU.

Issuing an unusual appeal, the ailing the $6.6 million Mission SF FCU has asked CUs to donate funds to help restore its capital and forestall an NCUA-engineered merger or liquidation.

The Credit Union Association of New York has joined up with consumer and banker groups in a campaign to warn consumers of fake check scams.

A $600 million credit union that has been with FIA Card Services ended an agent-issuing card relationship with that organization and is launching an agent-issuing program with Elan Financial Services.

The yearend buzz on credit union mergers presages a bumper year in 2011 but one leading Oregon consultant, Merger Solutions Group, said that the volume in both numbers and size is dramatically down in 2010.

The Senate Banking Committee should use tomorrow's oversight hearing on credit unions to make sure the NCUA is more transparent and that regulations don't unintentionally overburden credit unions, according to a letter from NAFCU to panel members.

If the median retirement savings of $29,000 for those ages 50 to 59 is any indication, some retirees may be getting only $190 per month over a 20-year period.