News

NAFCU is asking NCUA be more transparent and start using a standard bidding process before assets or services of conserved corporate are sold, it was disclosed this week.

In a letter to the co-chairs of the National Commission on Fiscal Responsibility and Reform, CUNA President/CEO Bill Cheney wrote that if credit unions lose their tax-exempt status, consumers will pay the price.

For his participation in a number of forums at CUNA Mutual Group's first-ever Online Discovery Conference, Michael Kerr of Eagle Legacy Credit Union recently received a $5,000 grant.

Fingerprints are all that's needed now for the 300 employees of the $1.9 billion Michigan State University Federal Credit Union to access the more than 60 programs they use to do their jobs.

Lending Solutions Inc. said it has signed 30 credit unions so far this year as new users of its lending and member service contact center.

Mark Moody, one of the managers of North Star Business Services LLC, told Credit Union Times the fraudulent payment collection claims the NCUA has brought against the defunct CUSO are false.

The numbers of properties in some part of the foreclosure process dropped by 4% nationwide in October but still remain at the level they held in October 2009, according to RealtyTrac.

Timed to Veterans Day, the $340 million Global Credit Union has launched a "Veterans Day Car Sale" with rates at 2.99%, far below the current 3.99% APR "and significantly lower than the national average of 4.36% APR at credit unions and 5.84% for banks."