News

The NCUA liquidated KAPFCU despite an ongoing court battle in order to protect the assets of the CU's members, the agency said.

The $2 billion SEFCU credit union, headquartered in Albany, has purchased an area mortgage origination firm to expand its mortgage offerings.

The shrinkage of commercial bank loans in El Salvador has prompted government policy makers here to develop economic policy and payments system support for credit unions and financial cooperatives.

Indiana Members Credit Union has raised a total of over $53,000 to help ensure local children start off the new school year well equipped.

NCUA sent the Kappa Alpha Psi Federal Credit Union three non-published Letters of Understanding and Agreement since April 2008 before it finally issued its Aug. 3 liquidation order, according to the agency's records.

For the first time since 2006, banks have reported easing their lending standards on commercial and industrial loans to small businesses.