News

Several credit unions, a school district and state municipalities were among the victims of a $10 million Ponzi scheme run by a Southfield, Mich., investment adviser, according to the FBI.

The head of the Texas Credit Union League renewed his appeal today for industry calm and caution in dealing with the corporate restructuring, suggesting CUs "keep their powder dry" before acting hastily on changing providers.

More than 50 Wisconsin and Illinois credit unions were represented at a recent meeting on risk management that CUNA Mutual held at its headquarters in Madison, Wis.

U.S. consumer bankruptcy filings continue to increase, jumping 11% for the first nine months of year, the American Bankruptcy Institute reported today.

Account holders with time and money on their side may be turning to certificates of deposit in the $100,000 and above range with terms longer than one year.

CO-OP Financial Services, the parent CUSO of the popular CO-OP Network of fee-free ATMs, is working with a Seattle-based credit union to bring fee-free ATM services to largely unbanked populations.

Three credit unions received the Best Practices Award at the CUNA Technology Council's 15th annual conference last week in Las Vegas.

Credit union executives wanting to comply with rules on funding and liquidity risk issued by the NCUA and Federal Financial Institutions Examination Council can participate in NAFCU's Oct. 20 webcast on the subject.