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.

Today, CUES and Currency Marketing announced a competition to find a fresh, young voice to help move the credit union industry in the future.

Poor recordkeeping and unsafe loan practices are among the conditions that officials of Kappa Alpha Psi Federal Credit Union agreed on in a letter of understanding and agreement with the NCUA to improve, according to documents released today by the NCUA.

A study commissioned by CO-OP Financial Services, the parent CUSO of CO-OP Shared Branching, reports that credit union members who use their credit union's shared branching services are more profitable for their CUs.

Today NASCUS said that the "encroachment of federal preemption only weakens the states' strong front-line defense against deceptive and unlawful financial services practices."

Credit union CEOs have developed a newfound "merger competency" that is fast becoming part of their skill set, according to a new white paper report issued Monday by the CUNA Councils.