News

Corporate America's lawsuit against U.S. Central Federal Credit Union claims the corporate had counted on selling its impaired investments to the U.S. Treasury Department through the TARP while it was soliciting PIC II conversions from member corporates.

Considering the tech explosion in Twitter, texting, mobile banking and social networking, credit union managers are making a grave mistake in cutting back on strategic planning and training, a Dallas CU marketer/consultant and author maintained.

The NCUA's final Town Hall meeting, a Webcast that allowed viewers to ask live questions anonymously, produced new information not addressed in previous town halls.

Credit card issuers with fewer than 2 million credit cards in circulation-including most credit unions-won't have to comply with the CARD Act earlier than planned, as a result of an amendment approved by the House Financial Services Committee.

Shared branching in Indiana and Illinois is on a roll and its CUSO advocates claimed a milestone this week--a larger branch network than its biggest competitors including Chase Bank, PNC/National City and Fifth Third.

As a result of the sluggish economy, 5.13% of all insured shares are in credit unions with CAMEL 4 or 5 ratings and there are 326 credit unions with such ratings, NCUA CFO Mary Ann Woodson told the NCUA Board today.

On a voice vote following minimal debate, the House last Tuesday approved a measure

The town of Dryden, N.Y., is hoping Alternatives Federal Credit Union's track record with individual development accounts will help create more small businesses here.