News

U.S. District Judge Inge Johnson advanced U.S. Central Federal Credit Union's fraud securities suit into discovery phase on March 2 when she denied the so-called "director defendants" motion to dismiss.

To aid in its search for a new president/CEO, Kinecta Federal Credit Union has enlisted the help of executive recruiting firm Korn/Ferry International.

Poland's successful credit union movement will have representation among President Lech Kaczynski's advisers, as part of the newly created National Development Council.

The jury is still out, but it so far has been a mixed bag for CUNA and state leagues when it comes to passing public funds legislation this year with one major victory in Oregon but defeats in New Mexico and Colorado.

An NCUA Feb. 25 online posting mistake revealed previously confidential negotiations between disposed U.S. Central FCU Executive Vice President David Dickens, U.S. Central and the regulator.

Navy Federal Credit Union is finding a big payoff in its cash rewards program linked to a Visa credit card.

Former Congressman Eric Massa (D-N.Y.), who resigned this week in the wake of allegations about inappropriate behavior toward male aides, was a co-sponsor of the bill to raise the cap on member business loans to 25% of assets.

The National Federation of Community Development Credit Unions will make an additional $1 million available to help community development credit unions attain enough capital to access other funds.