News

In its attempt to limit investment risk, the NCUA's proposed Part 704 regulations may actually increase risk, according to some corporates.

After nearly three years of legal wrangling, former Texans Insurance Group President Kevin Curley may be able to recoup $21 million in back pay and benefits in a wrongful termination case.

More than 120 credit unions and banks became new users of Cavion Internet Banking services in 2009, the third consecutive year of 100-plus sales, according to Harland Financial Services.

American consumers are far more likely to recommend a credit union than most of the nation's big banks, according to a new report from Forrester Research.

The Association of Corporate Credit Unions will survive, said Chairman Steve Roy today.

When it comes to credit unions and public funds legislation, it's been a mixed bag so far this winter with Oregon Gov. Ted Kulongoski ready to sign a milestone industry bill any day that will enable CUs to bid on municipal funds above $250,000.

NAFCU President/CEO Fred Becker downplayed the importance of U.S. Central's fourth quarter $500 million OTTI announcement, which partially impaired the NSUCIF's $1 billion capital note, calling it "nothing new."

Embattled Rep. Charles Rangel (D-N.Y.) said today he is taking a leave of absence from his post as chairman of powerful House Ways and Means Committee, in the wake of having been admonished by the Ethics Committee.