News

The NCUA Board will hold a special closed meeting to discuss unspecified "supervisory activities" next Thursday, the agency announced today.

Roughly 60% of credit unions with assets under $20 million reported a drop in membership between the first quarter of 2009 and the first quarter of this year.

The SEC has proposed rule amendments to help clarify the use of target date funds, which are typically tied to a date an investor is set to retire.

In a departure from the routine, New England credit union executives will get a bank regulator's perspective on conditions facing financial institutions next Friday.

Regulators and the Minnesota Credit Union Network were trying to arrange assistance Friday with the $10 million, single-branch Wadena FCU reportedly destroyed Wednesday night by a tornado, part of a series of twisters which raked northwest Minnesota.

Credit unions that offer the EdAccess student loan from Fynanz have announced they are joining together to create a new CUSO, CU Student Lending LLC.