News

Faulty real estate loans and southern Wisconsin's high unemployment were key factors in the failure Wednesday of the $137 million First American CU and its subsequent FCU takeover, the state's top regulator said Thursday.

The SEC said today it has adopted a temporary rule requiring advisors who provide advice to state and local governments to register with the agency by Oct. 1.

Members of Pennsylvania Credit Unions whose credit unions offer Better Choice loans have saved more than $12 million in fees since the program began in 2006.

The $710 million Firstlight Federal Credit Union of El Paso, Texas has established a facility in cooperation with the United Service Organization to benefit soldiers coming home from Iraq this month.

The $635 million Charter Oak Federal Credit Union said it will continue to work with the company that recently bought an insurance owned by one of its CUSOs.

The $86 million Delta County Credit Union, headquartered in Escanaba, Michigan, recently learned how much rewards can boost a credit card program.