News

In separate deals, California and Michigan credit unions completed mergers on the same day- Oct. 4.

President Obama has appointed Roland Arteaga, president/CEO of the Defense Credit Union Council, to the President's Advisory Council on Financial Capability.

Low yields, a "back to the drawing board" rethinking of how income statements are managed and new challenges to the credit union business model have left some wondering how to navigate through it all.

Forty-eight community development credit unions that applied for funds from the U.S. Treasury Department's Community Development Capital Initiative received them by the time the program distribution closed last week.

For its member service and business practices, the $938 million Barksdale Federal Credit Union was the recent recipient of a Torch award from the Better Business Bureau.

There should be a thorough investigation of problems with the foreclosure process but no moratorium, White House spokesman Robert Gibbs said today.

The NCUA said today it is cancelling its town hall meeting on its rescue plan for troubled corporate in Phoenix and combining it with the one already scheduled for Los Angeles on Oct. 29.

Open Solutions Inc. said it has signed three more credit unions as users of its flagship DNA-sme (Standard Market Edition) core processing platform for small to mid-size credit unions.