News

The NCUA is urging a federal court to uphold its liquation of Kappa Alpha Psi FCU while the credit union claims it had taken steps to improve its financial condition.

CU members that hold small business credit cards use those cards more often than small business owners use credit cards issued by banks, according to an analysis of data from Visa, Inc.

Regulators from Gulf Coast states have been invited to participate in an industry-sponsored three hour/workshop/seminar Aug. 30 exploring examiner flexibility on BP oil spill loans to fishermen, boat operators, and small businesses.

In its official job posting that went live last week, NACUSO said its next president/CEO will need to understand the importance of credit union and CUSO alliances.

Credit unions in Texas and Pennsylvania are the newest customers committed to the remote deposit capture software from Skyline's DirectFED Payment Solutions, the company said.

The Federal Reserve's Open Market Committee today is beginning its regularly scheduled two-day meeting to assess the state of the economy and decide whether to adjust interest rates.