News

The NCUA was named receiver/liquidator of South End Mutual Benefit Association in Connecticut after the state decided to close the state-chartered credit union, which had $2.4 million in assets.

A New York CUSO is offering free credit reports and scores to qualifying users of its loan-rate matching service.

Credit union staff members and volunteers interested in learning about some of the best practices in online services can attend a May 5 Webinar sponsored by the NCUA and the CUNA Technology Council.

Tom Candell, interim executive director of the National Credit Union Foundation said the foundation's new investment relationship is not meant to compete with corporate credit union but to expand the number of investment opportunities for CUs.

Turned down by several banks, the owners of a Texas bagel shop were able to get their restaurant up and running thanks to an SBA loan through Randolph-Brooks Federal Credit Union.

Faced with a significant drop in investment income from its Community Investment Fund, the National Credit Union Foundation has found another investment partner.

Keeping pace with a national trend, banks in Wisconsin experienced a 15% decrease in business lending in 2009 while the state's credit unions marked a 13% jump last year.

Although the economy continues to pick up steam, consumers were reluctant to take on new credit for their purchases.