News

The travail of the $6.7 million Mission SF FCU of San Francisco continued last week, with apparently desperate efforts under way to save the deeply ailing community development CU from being liquidated or merged by the NCUA.

The NCUA liquidated the New York City-based OTB Federal Credit Union on Wednesday, the agency announced.

CEOs being appointed this month to the newly formed advisory panels of Federal Reserve district banks are eager to become CU advocates and plan to raise the debit interchange issue.

Members of the $1.9 billion Coastal Federal Credit Union have now transacted more than a million sessions at the Raleigh, N.C., institution's video banking personal teller machines.

If credit applications are an indication, the environment for car leasing may be the strongest since the recession, one firm has discovered.

CUs should back the eventual privatization of the Government Sponsored Entities Fannie Mae and Freddie Mac, according to law professor David Reiss in a Filene Research Institute paper.