News

Charles Furbee, who retired from the Federal Reserve Bank of Chicago in March 2004, has been named CEO of the conserved Members United Corporate FCU.

Taking its Discovery Conference online for the first time ever, CUNA Mutual Group has added a $5,000 incentive to the free gathering.

Retired Genisys Credit Union President/CEO Dianne Addington has been named interim CEO at the seized $7.5 billion Southwest Corporate FCU.

NCUA will propose a second round of corporate rules, releasing the items for comment as early as November, said Deputy Executive Director Larry Fazio.

Potential job creation and $30 billion to aid small businesses are among the reasons the SBA considers the passage of the Small Business Jobs and Credit Act a success.

NCUA's plan to issue bridge charters for seized corporates was crafted to allow all member credit unions to choose whether they want to be part of recapitalization.