News

As credit union executives were hiking the Hill this week during CUNA's Governmental Affairs Conference, their efforts did not go unnoticed by many lawmakers.

Communication between former U.S. Central FCU executive Dave Dickens' legal firm and the NCUA said the NCUA reneged on U.S. Central's pre-conservatorship severance offer to Dickens.

Representatives of CUNA and NAFCU are using appearances at today's joint hearing of two House committees to press their case for raising the cap on member business lending.

According to documents posted on the NCUA's Web site (www.ncua.gov), since removed, U.S. Central FCU withheld former executive Dave Dickens' severance during an investigation into whether his actions could have allowed him to be fired "with cause."

The $90 million Colorado Credit Union of Littleton expects to complete the merger and computer conversion of the nearby $12 million Brighton FCU this weekend.

Corporate America Credit Union won round one late Thursday afternoon in its lawsuit against U.S. Central and its accounting firm RubinBrown. U.S. District Judge Inge Prytz Johnson denied RubinBrown's two motions to dismiss the case.

The NCUA liquidated the Friendship Community Federal Credit Union of Clarksdale, Miss. today and its assets were purchased by Shreveport Federal Credit Union of Shreveport, La.

Residents of Oklahoma who experienced a furlough triggered by state budget cuts have a new resource to turn to through the Oklahoma Employees Credit Union.