News

The NCUA placed Family First FCU into conservatorship last night and said its problems stemmed from difficulties with its loan portfolio.

The NCUA has scheduled a closed board meeting for Tues. Aug. 3 at 8:30 a.m.

Larry Sharp, fired by the NCUA two weeks ago after his credit union was seized June 25, already has a new job.

Third Degree Advertising, an Oklahoma City agency, is expanding for the first time to the East Coast by opening a Durham, N.C. branch to serve what it said is the growing interest by credit unions to "leverage their advantage over banks."

Sending well wishes, the National Association of REALTORS said it is impressed with Tom Glatt's abilities to grow REALTORS Federal Credit Union during his time as president/CEO.

After 20 years of service on NACUSO's board and nearly four years as its CEO, Tom Davis announced today that he will leave the organization Dec. 31 to become the CEO of CUSO Development Co. LLC.