News

Credit union executives and other interested persons wanting to hear more about the new rules for corporate credit unions and the NCUA's plans for dealing with legacy assets can attend one of the 11 town hall meetings the agency has scheduled for October.

Moving quickly over the weekend, FoolProof, the Florida-based consumer advocacy initiative, partnered with 15 state leagues and took a leadership role on the corporate takeover crisis by producing and distributing a free 90-second video for CUs.

Like CUNA, NAFCU was wasting no time this week to counter the negative "credit union bailout" spin on some national media outlets, blogs and in social media.

There was little news revealed in NCUA's Virtual Town Hall today, as the regulator primarily focused on reviewing corporate stabilization events that have occurred so far.

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

Mid-Atlantic Corporate Federal Credit Union assured its members and the public of its viability Monday, stressing it "can continue to successfully serve our member credit unions."