News

The $300 million GFA Federal Credit Union of Gardner, Mass., said Friday it is making good on a five-year-old dividend payoff to its members traced to loan loss recovery on a merger with a tiny Massachusetts CU.

NCUA Board members are scheduled to receive a public briefing about a rules change that would let low income credit unions borrow money through the Troubled Assets Relief Program at next Thursday's NCUA Board Meeting.

The House-passed, anti-big bank public funds bill geared to funnel $5 billion in state funds into credit unions and community banks cleared a new hurdle this week in the New Mexico Senate.

The Obama administration predicted today there will be light at the end of the tunnel this year on jobs creation.

North Island Credit Union President/CEO John Tippets said he's "cautious but positive" he can right the struggling credit union's course.

Due to another batch of snow, which caused blizzard-like conditions and following last weekend's record-setting storm in the Washington area, the capital region's offices of federal government-including the NCUA-are closed again today.