News

As part of its effort to facilitate understanding and use of FICO credit scores, the Fair Isaac Corporation and AllRegs, a leading publisher of mortgage guides, have launched a FICO certification program.

If everything goes according to their plans, organizers of the ERDA Federal Credit Union will open the doors April 26 on the first credit union chartered under the Obama administration.

Open Lending Inc. has inked a deal with AmTrust Financial Services Inc. to become the insurance provider for a program that provides default insurance coverage for credit union auto loans.

The Michigan Office of Finance and Insurance Regulation has stopped a $5 million Ponzi scheme involving an independent contractor licensed through CUSO Financial Services LP who worked from MidWest Financial Credit Union.

NCUA announced this afternoon that it has liquidated the $2.5 million Lawrence County School Employees Federal Credit Union, which had been headquartered in New Castle, Pa.

The National Credit Union Administration has extended the expiration date of the Temporary Corporate Credit Union Share Guarantee Program another quarter, through June 30, 2012.