News

If California Attorney General Jerry Brown's investigation into the three major credit rating agencies turns up any violations of California law and sets a legal precedent, will the NCUA file suit to recover losses

With speech making, picture taking and a cookout, CUNA's leadership all but wrapped up year-long anniversary celebrations last week marking the founding of credit unions with a gathering in Estes Park, Colo., to commemorate CUNA's chartering 75 years ago.

Now that her children are grown and living their lives, Kathy Keenan-Swanson said she's ready to take on another calling.

As credit unions continue to weather the economic storm, it may take achieving economies of scale and scope to reassure members that their financial institutions will remain healthy for the long term.

Credit unions should do more to evaluate their risks and then set capital goals to reflect those risks, argued the author of a CUNA paper meant to guide credit unions through making those evaluations.

The Obama administration and House Financial Services Committee Chairman Barney Frank (D-Mass.) reversed course last week on key provisions of a measure creating a new regulatory agency on financial products

ATM and overdraft fees by banks and thrifts continue to climb notwithstanding legislation in the Congress to lower them, Bankrate Inc. the Florida-based finance and newsletter firm, reported.

Town North Bank has confirmed that long-time CEO John Reap has stepped down as CEO. Town North is the only bank owned by credit unions in the U.S..