News

More than a thousand natural person credit unions using WesCorp or Southwest Corporate for branch capture solutions are being offered free upgrades and transition services from the software provider.

The NCUA said today that on Nov. 30 it will liquidate Constitution Corporate FCU, one of the three coporates it conserved in September.

WesCorp's management didn't manage risk well and invested too heavily in residential mortgage backed securities while NCUA examiners failed to "adequately and aggressively" address the risks.

Small businesses in Multnomah County in Oregon will receive a $10 million boost thanks to a new program that includes several credit unions and banks.

The CEO of an $80 million El Paso credit union and a director of the Texas Credit Union League appealed Friday for greater industry calm and thought before "deserting the corporate model" and switching to the Federal Reserve.

NAFCU has written a letter to the Federal Reserve expressing concerns that the debit interchange cap that the Fed is currently writing may wind up impacting credit unions as well as large banks.

Even as credit unions continue to manage deposit yields, for many consumers, some concerns are more pressing, such as reducing debt.

The NCUA turned over 750,000 pages of documents about its handling of U.S. Central Corporate Credit Union to Corporate America Credit Union, which is suing former directors and executives of U.S. Central.