News

A $650,000 government loan administered by the GPO Federal Credit Union will be used to renovate a stone mill built in 1839 to include tourism and business spaces.

In general, the NCUA Board adopted most of the corporate capital and retained earnings requirements originally proposed in January 2009.

Credit unions with fewer than 100 branches can sign up for a program aimed at recognizing financial institutions that expend extra effort to promote direct deposit for recipients of federal benefits.

NCUA today confirmed that it has sought bids on $800 million worth of securities backed by U.S. Central FCU and Western Corporate FCU investments.

On a party-line vote, the House today passed a bill aimed at stimulating lending to small businesses, following a Senate vote last week.

Using its close Missouri ties, a Michigan credit union, Service 1 FCU, has now completed the merger of a struggling Ozarks CU, the tiny Table Rock FCU of Shell Knob, it was announced Wednesday.