Credit Union Times | Accurate and Timely CU News

NCUA: Risky Investments, Poor Oversight Caused Two Nevada Failures

By Claude R. Marx

Poor decisions by management, including risky investments and inadequate oversight by examiners, caused the failure of Ensign FCU and Clearstar Financial CU, which cost the NCUSIF $42 million, according to reports.

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Navy, Crane to Open New Military Branches

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Corporate Actions Called a 'PR Debacle' as Bailout Charges Go Viral

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October 12, 2010

Pennsylvania League Renews iBelong Campaign and Cuts CU Assessments

After the NCUA remade the corporate system, the Pennsylvania Credit Union Association wasted no time in renewing its financial commitment to iBelong, its three-year-old awareness campaign aimed at growing CU membership.

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October 12, 2010

Shapiro Partners Expands Its Credit Union Consulting Team

Shapiro Partners is doing its part to help credit unions get the support they need, from compliance to keynote speakers.

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October 12, 2010

CUNA Technology Council Names Chairs

The CUNA Technology Council has re-elected its chair.

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October 12, 2010

Lack of Witnesses in Probe of Shooting Death of Atlanta CEO

No witnesses have come forward in the case of the July 16 fatal shooting of Dean Gaymon, who was president/CEO of the Credit Union of Atlanta, according to the Essex County Prosecutor's Office in New Jersey.

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October 12, 2010

Credit Cards Issued by Credit Unions Are Performing Well

Credit union loan growth may be stagnating, but CU credit card portfolios continued to grow in second-quarter 2010, according to a card analytical firm.

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October 12, 2010

NCUA Approves First Tech/Addison Merger

The nation's biggest inter-state merger has cleared a major hurdle. The NCUA has now given approval to the $4.6 billion consolidation of First Tech Credit Union of Beaverton, Ore., and Addison Avenue FCU of Palo Alto, Calif.

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October 12, 2010