News

The serious problems at Arrowhead Credit Union may have been on regulators' radar for months, but the NCUA's June 25 takeover of the $876 million California CU surprised some in the CU community, including the

Rates and balances for money market accounts and certificates of deposit continue to seesaw indicating that consumers may be reluctant to lock their money amid economic uncertainty.

PSCU Financial Services is moving forward under team management while its board of directors launches a search to replace long-time CEO David Serlo.

David Chatfield, interim California and Nevada Credit Union Leagues president/CEO, wasted no time jumping back into the spotlight, harshly criticizing the NCUA in a June 30 interview with Credit Union Times from his home in Prescott, Ariz.

First Dan Mica went and he will soon be followed by Edward Yingling.

NAFCU is renewing its push with the Federal Trade Commission to give federal credit unions an exemption from premerger notification rules and accompanying fees under the Hart-Scott-Rodino Act.