News

Southeast Corporate Federal Credit Union is among the lucky wholesale credit unions that don't face an immediate need to recapitalize.

Federal credit unions can add a floor rate to variable rate home equity loans if the original agreement disclosed that such an addition is possible, according to an NCUA legal opinion.

In the wake of a hearing before the House Committee on Financial Services last week, community development financial institutions, including some credit unions, are trying to build legislative support for their agenda.

Thirty-seven of its more than 300 credit union core processing clients signed five-year renewal agreements in 2009, according to Sharetec Systems of Lino Lakes, Minn.

Christopher Colford, who has extensive experience as a communications professional in government, business and journalism, is NCUA Chairman Debbie Matz's new special adviser for communication.

The Filene Research Institute is taking a closer look at effective board governance and needs input from current and former credit union board members.

It may be difficult for the SEC to pinpoint if the latest round of Ponzi schemes involving retired bus drivers, the elderly and Cuban-Americans were credit union members.

Two of the largest and most tech-savvy credit unions on the West Coast, Addison Avenue FCU of Palo Alto, Calif., and First Tech CU of Beaverton, Ore. are planning a merger this summer.