News

The management of Cal State 9 Credit Union made "poor strategic decisions" and lacked the experience to understand the risks of subprime lending and its HELOC program, while NCUA examiners failed to recognize the risks and take corrective action.

Senate Republicans said today they will allow the regulatory restructuring legislation to come to the Senate floor and attempt to amend the legislation on the floor.

Treasury Secretary Timothy Geithner, Education Secretary Arne Duncan and Senior Adviser to President Obama Valerie Jarrett praised the efforts of the student-run credit union at Stonewall Jackson High School for fostering financial literacy.

The Biz Kid$ come to Wall Street today and they get to ring the closing bell at the New York Stock Exchange.

To kickoff Financial Literacy Month, the New Jersey Credit Union League has issued the financial literacy challenge to local credit unions.

Social networking has hit the credit union conference circuit big time in 2010.