News

The currently $1.3 billion Greylock Federal Credit Union grew from being a $760 million credit union under the guidance of its former CEO, Angelo Stracuzzi, who resigned on June 11.

The New Jersey Senate helped credit unions reach a milestone Thursday when it passed a bill enabling counties, school boards, municipalities and local government entities to use CUs as depositories.

The FBI is not commenting, but media outlets this morning are reporting that the agency is preparing a significant nationwide crackdown on mortgage fraud.

All three federal regulators with a say in the matter have given a green light of Royal Credit Union's purchase of a struggling bank's assets.

The NCUA today issued a Letter of Understanding and Agreement with the officials of $360 million Sperry Associates Federal Credit Union of Garden City Park, New York.

The Credit Union Association of Oregon and the Washington Credit Union League announced plans Thursday to merge, effective next January.