News

The $950 million Elevations Credit Union proved its fundraising and public service mettle this week.

Open Solutions Inc. said it has released the first upgrade of its flagship DNA core relational platform since its introduction in 2008.

CUNA's political action committee made more than $100,000 worth of independent expenditures this week, bringing its total since September to $837,328, according to reports filed with the Federal Election Commission.

uGenius Technology said it has been granted patent protection by the U.S. Patent Office for its video banking units that permit credit union members to interact directly with a teller anytime.

Broker-dealer PrimeVest Financial Services has signed on the $5.2 billion American Airlines Federal Credit Union to provide investment and insurance solutions.

The failure of U.S. Central Federal Credit Union was caused by the risky investment practices of its management and by insufficient examinations by the NCUA and weak regulation.

The NCUA announced the dates of its 2011 board meetings.

ALEXANDRIA, Va. -- Well-capitalized CAMEL 1 and 2 federal credit unions will have stricter rules on fixed assets, stress testing and member business loans, as a result of the NCUA Board's decision today to change regulatory flexibility in several areas.