News

First Carolina Corporate Credit Union announced today that it is now going to members to raise $60 - $75 million in Perpetual Contributed Capital, a "mandatory" onetime requirement.

The NCUA-conserved Arrowhead Central Credit Union. said this week its interim CEO, Kay Woods, who has been credited with protecting the $671 million CU following its June collapse, is stepping down.

The $1.4 billion Polish and Slavic Federal Credit Union, headquartered in New York, is continuing its expansion into the greater Chicago area.

The Golden 1 reported that it distributed $3.75 million in rebates to members that held its Visa credit card.

Small businesses facing maturity of commercial mortgages or balloon payments before Dec. 31, 2012, may be able to refinance their mortgage debt with a 504 loan from the SBA under a new, temporary program.

After he read the recent statements issued by NCUA, Dave Chatfield said there is just one conclusion: the regulator intends to block mergers of Tier One corporates.