News

The head of the Credit Union League of Connecticut Monday called "good news" that term deposits held in the pending liquidation of Constitution Corporate Federal Credit Union will be held secure at fixed rate and maturity.

The $2.3 billion Georgia Central Credit Union may be the apparent front runner or leading choice to take over the NCUA-conserved Southwest Corporate Bridge FCU of Dallas.

The operations takeover of the soon-to-be liquidated Constitution Corporate Federal Credit Union by the also NCUA-conserved Members United Bridge Corporate FCU should take 90 days.

A pair of Iowa CUSOs has made a million-dollar investment in a home-grown money transfer platform and plan to help the peer-to-peer service grow.

Corporate America Credit Union has purchased and assumed Smart Source Solutions, the CUSO owned by Constitution Corporate FCU, which the NCUA plans to liquidate by the end of the month.

The Michigan Credit Union League has been recognized for a video it produced to help people avoid home foreclosure.