News

Credit unions in New Jersey are being encouraged to make their voices heard this week as the Senate debates the Small Business Lending Fund Act and an amendment that would increase the member business lending cap.

There's a new leader at PrimeWay Federal Credit Union.

The sudden NCUA takeover of the $876 million Arrowhead Central Credit Union on Friday was as much a surprise to the $4 billion Alaska USA FCU, now owner or co-owner of four former branches of Arrowhead, as it was to others, Alaska USA management reported.

NCUA Spokesman John McKechnie said Dave Shelter, deputy director for the Office of Corporate Credit Unions, was only speaking hypothetically when he described how the agency would liquidate U.S. Central FCU and Western Corporate FCU.

The National Federation of Community Development Credit Unions has changed and upgraded some its programs to help small community development credit unions.

Without providing any details, the $1.6 billion Texans Credit Union said it has settled a three-year long dispute involving Kevin Curley, the former president of Texans Insurance Group.