News

Massachusetts credit unions can now accept deposits above the $250,000 insurance limit under a new law that went into effect last week.

The new Northwest Credit Union Association, combining the Oregon and Washington leagues, is ready to roll Jan. 1.

The $480 million First Commonwealth Federal Credit Union of Lehigh Valley, Pa., said Wednesday it has completed a merger effective Nov. 1 of the ailing Dixie Cup Employees FCU of Easton.

U.S. District Court Judge Emmet Sullivan yesterday dismissed a lawsuit by the leaders of Kappa Alpha Psi FCU challenging the NCUA's liquidation of the credit union.

The $74 million Pittsburgh Firefighters Federal Credit Union plans to convert to a GBS/Sharetec core processing solution, the company and credit union said.

Neal Barofsky, the special inspector general for the troubled asset relief program, has written a highly critical evaluation of the U.S. Treasury's administration of efforts meant to help home owners remain in their homes.

Nominations are now being accepted for the Pete Crear Lifetime Achievement award by the African-American Credit Union Coalition.

The $341 million Consumers Credit Union, headquartered in Kalamazoo, Mich., has become the latest CU to start offering its members mortgages insured by the Federal Housing Administration.