News

ALEXANDRIA, Va. -- Well-capitalized CAMEL 1 and 2 federal credit unions will have stricter rules on fixed assets, stress testing and member business loans, as a result of the NCUA Board's decision today to change regulatory flexibility in several areas.

Secondary mortgage giant Fannie Mae is suing insurance companies in at attempt to collect money it said it is owed because of losses in the U.S. Mortgage fraud.

Environmental professionals who specialize in helping consumers improve their homes' energy efficiency say credit unions have an opportunity to step into a growing market in green finance.

Credit unions were a definite presence at the BAI Retail Delivery trade show this week and to one veteran attendee the buzz was all around mobile.

The NCUA closed Phil-Pet Federal Credit Union after determining that it is insolvent and transferred its assets to Pantex Federal Credit Union.

The $21 billion State Employees' Credit Union credits its Mortgage Assistance Program for helping it keep the increase in foreclosures to just six basis points over the last five years.