News

Rates and balances for money market accounts and certificates of deposit continue to seesaw indicating that consumers may be reluctant to lock their money amid economic uncertainty.

PSCU Financial Services is moving forward under team management while its board of directors launches a search to replace long-time CEO David Serlo.

David Chatfield, interim California and Nevada Credit Union Leagues president/CEO, wasted no time jumping back into the spotlight, harshly criticizing the NCUA in a June 30 interview with Credit Union Times from his home in Prescott, Ariz.

First Dan Mica went and he will soon be followed by Edward Yingling.

NAFCU is renewing its push with the Federal Trade Commission to give federal credit unions an exemption from premerger notification rules and accompanying fees under the Hart-Scott-Rodino Act.

With the recent proposed merger announcement from $2.7 billion Wings Financial Community Credit Union and $41 million Highgrove Community Federal Credit Union, the pool of small credit unions just got a little smaller.

The accounting firm that reviewed the financials and performed audits of the defunct New London Security Federal Credit Union's records has denied claims that it failed to detect fraudulent activity, an allegation made by NCUA in a March 19 complaint.

Dave Serlo, longtime CEO of PSCU Financial Services and the CUSO's first employee, passed away from the complications of cancer on June 25. He was 63.