News

The nation's second largest credit union has become the second CU in the country to put computer chips into its credit or debit cards.

Leaders of Har-co Federal Credit Union told its members that the CU needed to convert to a federal thrift charter in order to serve more people, but the NCUA has no record of the CU ever applying for a community charter.

Marking its first merger in three years, the $1.7 billion Redwood Credit Union of Santa Rosa, Calif. is taking over the ailing $90 million Cal State Central CU effective April 1.

NAFCU is "deeply concerned," about the Federal Reserve's proposal to regulate interchange fees and contends that the "supposed small issuer exemption is illusory" and won't protect small issuers.

During a recent Credit Union Leadership Forum web seminar, we discussed the practical and real-world implications of the new NCUA regulations regarding board of director responsibilities.

The NCUA placed the $2.2 million Greensburg Community FCU into conservatorship yesterday.